Nippon Prologis REIT Included in MSCI Japan ESG Select Leaders Index
The Japanese Government Pension Investment Fund (GPIF) announced on July 3, 2017, that it has selected the MSCI Japan ESG Select Leaders Index as one of three ESG indices for its passive investment strategy. This decision signals increasing investor interest in sustainability.
Nippon Prologis REIT, Inc. (NPR) is a component of the MSCI Japan ESG Select Leaders Index. The index targets companies in the MSCI Japan IMI Top 500 Index with high environmental, social and governance (ESG) performance relative to sector peers.
NPR, a listed entity, owns and manages a portion of Prologis’ operating portfolio in Japan. NPR and Prologis operate as a single, seamless corporate group. However, in compliance with J-REIT regulations, the two entities have distinct roles. NPR manages the existing portfolio; Prologis manages development. In terms of sustainability, NPR and Prologis share common goals, principles and a platform. NPR has its own governance structure, including a board of directors. NPR works to minimize environmental impacts and maximize energy conservation across the operating portfolio while Prologis strives to develop environmentally responsible logistics facilities.
For more information about Prologis Sustainability, please visit: https://www.prologis.com/sustainable-industrial-real-estate