Chicago Climate Exchange®

ProLogis is the first real estate company in the world to join the Chicago Climate Exchange® (CCX), an organization that enables companies to reduce net greenhouse gas emissions through market-based trading of carbon credits.

Membership in the voluntary exchange is part of ProLogis’ broader corporate commitment to sustainable development. It requires ProLogis to offset the “carbon footprint” associated with its business operations in the U.S. In addition, the company earns tradable credits when it builds warehouses that reduce energy consumption through new technology and high-quality design.

The Chicago Climate Exchange was founded in 2003 as a voluntary but legally binding system for the registry, reduction and trading of carbon dioxide and five other greenhouse gases. Direct polluters who join the exchange must pledge to lower emissions over time according to pre-set reduction schedules, and can do so either through direct mitigation or through the purchase of carbon credits. Other members can generate such credits through activities that reduce gas emissions such as no-till farming, reforestation and methane capture at landfills. The price of carbon credits at any given point is determined by supply and demand and other standard market forces.

“ProLogis is to be commended for becoming the first real estate company in the world to join CCX. Like our other member companies, ProLogis is a leader in its sector, and also a leader in the global effort to address the challenge of climate change. We look forward to working with ProLogis to promote better environmental performance at warehouse facilities throughout the U.S.”

-- Richard Sandor, chairman and CEO of the Chicago Climate Exchange.