GRI Materials

This report marks our 13th consecutive year of ESG reporting. We report to the Global Reporting Initiative (GRI) Standards. The 2018 GRI Standards Content Index is included here, and specific disclosures are included throughout the report. Information and data for years prior to 2018 have been included where available and relevant. 

Prologis has applied the GRI Standards for defining report content. These principles include GRI’s guidance on defining material aspects and boundaries to identify the most relevant ESG impacts as they pertain to our business and stakeholders. The basis for reporting on joint ventures, subsidiaries, leased facilities, outsourced operations and other entities that can affect period-over-period comparability is detailed in our 2018 Annual Report and in our Form 10-K, which is filed with the U.S. Securities and Exchange Commission and is also available on the Annual Report section of Prologis' IR site. We provide data for our corporate operations and for the facilities we own and lease to our customers. We also report progress on our ESG initiatives, annual GHG emissions and TCFD climate risk management through CDP, DJSI and GRESB.

This report has been externally assured by Lloyd’s Register Quality Assurance (LRQA) using the AA1000 Assurance Standard (2008). Reference our complete External Assurance Statement and Verification Statement.

GRI Logos

 

ESG is increasingly central to the business models and brands of leading companies worldwide. About 70 percent of our top 25 customers report their progress to one or more of the major ESG indices and initiative, including DJSI, CDP, the UN Sustainable Development Goals, Science-Based Targets, etc. Our stakeholder engagement model ensures mutual alignment around priorities and fosters ongoing dialogue that serves as the foundation for enduring relationships.

 

Stakeholder Engagement

Awards and Recognition

 

  • Corporate Knights’ 2019 Global 100, Top-ranked in the U.S., sixth in the world
  • Green Street Advisors — REIT Industry's Corporate Governance Leader, 16th consecutive year
  • Harvard Business Review — Best performing CEOs in the world, Hamid Moghadam, ranked #17
  • Dow Jones Sustainability Indices — North America Index (PLD), Asia Pacific Index (NPR) and MILA Pacific Alliance Index (FIBRA)
  • NAREIT’s Leader in the Light Award - Industrial
  • Institutional Investor — #1 ESG/SRI Metrics, best CFO and Investor Relations program
  • Commercial Property Executive’s Industrial Property Executive of the Year – Hamid Moghadam
  • Tracy Chamber of Commerce - Business of the Year
  • NAIOP’s Diversity Champion of the Year – Bay Area
  • NAIOP Developer of the Year – Las Vegas Team
  • FTSE4Good — Constituent
  • PERE Latin America Firm of the Year
  • Climate Bonds Initiative’s Green Bond Pioneer Award – PELF
  • MIPIM Award for Best Industrial & Logistics Development – Prologis Benelux
  • 2019 Carbon Clean200
  • DMCAR—Landlord of the Year
  • NAIOP - Prologis Port of Tacoma 1.3 MSF - 2018
  • Industrial Development of the Year
  • Prologis Port of Tacoma, Building D (320K SF) – 1st Industrial WELL Building in the US
  • CXPA Innovation Award - Finalist
  • Habitat for Humanity: Global Housing Hero - Prologis China
  • Best Workplaces in Japan 2019 by the Great Place to Work®
  • Energy Conservation Center’s Energy Conservation Prize - Prologis Japan
  • Best for Colorado — Inaugural honoree, recognized as one of the most sustainable companies in Colorado

Memberships and Associations

 

 

  • Asia Pacific Real Estate Association (APREA)
  • Association of Industrial Real Estate Brokers (AIRE)
  • Boston College Center for Corporate Citizenship (BCCCC)
  • Building Owners and Managers Association (BOMA)
  • Council on Foundations (COF)
  • German Association for Sustainable Construction (DGNB)
  • Global Real Estate Sustainability Benchmark (GRESB)

 

  • Global Reporting Initiative (GRI) Organizational Stakeholder
  • Institute for Sustainability UK Green Building Council (UKGBC)
  • Institute of Real Estate Management (IREM)
  • International Facility Management Association (IFMA)
  • Japan Institution of Logistics Systems
  • National Association of Industrial & Office Parks (NAIOP)
  • National Association of Real Estate Investment Trusts (NAREIT)
  • National Brownfield Association
  • Pension Real Estate Association (PREA)
  • Real Estate Roundtable (RER)
  • Retail Industry Leaders Association (RILA)
  • Society of Industrial & Office Realtors (SIOR)
  • The European Association for Investors in Non- Listed Real Estate Vehicles (INREV)
  • U.S. Department of Energy’s Better Buildings Challenge International Facility
  • U.S. Green Building Council (USGBC)
  • ULI Greenprint Center for Building Performance
  • Urban Land Institute (ULI)

Materiality

Every two years, starting in 2013, we have completed a materiality assessment. In our 2017 assessment, we engaged internal and external stakeholders to ensure a broad range of perspectives to inform our understanding of Prologis’ impacts on the environment, economy and society.

Four material topics emerged from our 2017 bi-annual materiality assessment, which also applies to 2018: emissions, energy, employment and anti-corruption.

Our materiality assessment was conducted based on GRI standards and evaluates the importance of Prologis' business on the economy, the environment, society and other stakeholders. To better align with international standards, GRI has updated its guidance on boundaries for material topics. For each material topic, boundaries are defined by two factors: (1) where the impacts occur and (2) the organization’s involvement with the impacts. We manage our material topics through commitments and organizational memberships, stakeholder engagement, internal HR, ethics and sustainability policies, goal setting, and instilling in our employees a sense of personal and professional responsibility to the communities where they live and work. We will conduct our next materiality assessment in 2019. 

Prologis continues to explore other investor-focused standards for disclosing materially important metrics tied to our ESG program, such as those provided by the Sustainability Accounting Standards Board (SASB) and the Task-force for Climate-related Financial Disclosure (TCFD). The material topics we identified in 2017 generally align with three of the four material topics suggested by SASB for the real estate industry: energy management, management of tenant sustainability impacts and climate change adaptation. 

In addition to the materiality assessment described in this section, the Prologis board conducts consistent and recurring enterprise risk assessments. These assessments cover many key governance issues for the company and drive strategies to ensure we meet requirements and act responsibly. Risk and governance items identified in the enterprise risk assessment align with material topics identified in the materiality assessment.