GRI Materials

This report marks our 14th consecutive year of ESG reporting. We report to the Global Reporting Initiative (GRI) Standards. The 2019 GRI Standards Content Index is included here, and specific disclosures are included throughout the report. Information and data for years prior to 2019 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. In addition to using the GRI Standards for defining material topics, we provide disclosures on the material topics as defined by SASB’s 2018 Real Estate standard. Where appropriate we include quantitative details, as well as discussion and analysis for the SASB material topics that are relevant to our business. 

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 2019 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 ESG Report Assurance Statement and Greenhouse Gas Assurance Statement.

GRI Logos

 

ESG is increasingly central to the business models and brands of leading companies worldwide. 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

Prologis was the #1 real estate company, #6 in the U.S. and 26th overall among the 2020 Corporate Knights Global 100 Most Sustainable Corporations in the World.

GRESB

8 out of 8 Green Stars for all Prologis entities

2019 Industrial Sector Leader in four operating regions

  • Prologis – top industrial real estate company in the Americas

  • Nippon Prologis REIT (NPR) – top industrial real estate company in Asia

  • UK Logistics Venture (UKLV) – top private/capital industrial real estate fund in Northern Europe

  • US Logistics Venture (USLV) – top private capital/industrial real estate fund in the US

Dow Jones Sustainability Indices

  • Prologis has been selected as an index component of the DJSI World Index (recognizing the top 10% of global companies) and on the North America DJSI Index for the 12th consecutive year.

  • FIBRA Prologis is listed on the MILA Pacific Index for the 3rd consecutive year, and NPR is on the Asia Pacific Index for the 5th consecutive year.

CDP

Prologis once again received an "A-" score within the CDP assessment (among
top 5% globally), which is also a critical measurement of our alignment with the Task Force on Climate-related Financial Disclosures (TCFD).

Americas

  • NAREIT – Leader in the Light Award, Industrial
  • Carbon Clean200 – 2019
  • PERE – Latin American Firm of the Year

Europe

  • The Logistics Real Estate Initiative – 2019 Logix Award, Prologis Park Muggensturm, Germany
  • First WELL-Gold logistics facility – Prologis Park Tilburg, the Netherlands
  • Prologis Park Blonie – Warehouse of the Year 2019 at Eurobuild CEE Awards Gala

Asia

  • Great Place to Work – Best Workplaces in Japan 2019
  • Energy Conservation Center – Energy Conservation Prize, Prologis Japan
  • Habitat for Humanity – Global Housing Hero, Prologis China

Additional Awards

  • Harvard Business Review 100 Best- Performing CEOs in the World – Hamid R. Moghadam, ranked #17, 4th consecutive year, 30% of the CEO rating was based on ESG performance
  • FTSE4Good – Included in exclusive ESG index since 2011
  • Commercial Property Executive – Industrial Property Executive of the Year, Hamid Moghadam
  • Institutional Investor – #2 ESG/SRI Metrics, #2 for CFO, Investor Relations and Corporate Governance
  • Institute for Market Transformation and the U.S. Department of Energy’s Better Buildings Alliance – Gold-level Green Lease Leader
  • CXPA Innovation Award – Finalist
  • DMCAR – Landlord of the Year
  • NAIOP – Diversity Champion of the Year, Bay Area
  • NAIOP – Developer of the Year, Las Vegas Team
  • Tracy Chamber of Commerce – Business of the Year
  • Civic 50, Colorado –  Among the top 50 corporate citizens in Colorado recognizing volunteer time and community engagement

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 2019 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 2019 biennial materiality assessment: Emissions, Energy, Local Communities and Indirect Economic Impacts.

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. 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 2021. 

Prologis continues to incorporate other investor-focused standards into its operations and disclosures for materially important metrics tied to our ESG program, such as those provided by the Sustainability Accounting Standards Board (SASB), the Task Force on Climate-related Financial Disclosures (TCFD) and the Principles for Responsible Investment (PRI). The material topics we identified in 2019 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.