Prologis Releases 2019 ESG Impact Report and Appoints ESG Senior Vice President
Prologis’ newly released 2019 ESG Impact Report summarizes the company’s advancements in environmental stewardship, social responsibility and governance (ESG) across its global platform.
The report also highlights the company’s strategic areas of focus: Customer Centricity, Change Through Innovation and Operational Excellence, and Culture and Talent.
Key achievements include:
- • Developing a cutting-edge, digital logistics training curriculum through the Prologis Community Workforce Initiative (CWI) in response to ongoing labor shortages in transportation, distribution and logistics. The company delivered virtual reality training tools and employee engagement platforms and, through Prologis Ventures, partnered with WorkStep to provide customers a more efficient and cost-effective way to meet their labor needs.
- • Adding LED lighting to 50 million square feet of distribution and warehouse space.
- • Surpassing goal of 200 megawatts (MW) of installed solar capacity by 2020, 1.5 years ahead of schedule, and setting a new target of 400 MW by 2025.
- • Becoming first real estate company on the S&P 100 to achieve operational carbon neutrality. Prologis’ carbon strategy focuses on reducing emissions across the business, both direct and indirect, which includes decreasing emissions from energy use in offices and customer spaces.
Providing Support During COVID-19
The Prologis Foundation established a $5 million global relief fund to support nonprofits, hospitals and organizations focused on public health and safety, as well as those dedicated to food access and economic recovery. Through its Space for Good program, the company has offered unoccupied buildings and yard space to government agencies in the U.S. and to hospitals and relief organizations throughout the world to support coronavirus relief efforts. To date, Prologis has donated 1.2 million square feet in 13 markets and $4.9 million in in-kind rent.
“Amidst a global pandemic, Prologis took meaningful action to help those in need and reaffirmed our commitment to our employees, customers and communities around the world,” said Prologis chairman and CEO Hamid R. Moghadam. “Due to our portfolio scale and infrastructure, we are uniquely able to position our ESG programs to both serve our customers and support people and organizations through crises.”
Ying Yu Joins Prologis as SVP of ESG
Prologis also announced that Ying Yu has been named senior vice president of ESG. In this role, Yu will be responsible for leading an overall ESG strategy that creates business value for the company while generating positive environmental, social and governance impacts. Previously, she was the head of sustainability for Bose Corporation.
“Our business and platform are being used to benefit our customers—and that extends to our ESG initiatives, which create value that reaches beyond the walls of our real estate,” said chief legal officer and ESG head Edward S. Nekritz. “As we continue to deepen our company’s ESG strategy, we welcome Ying, who brings a wealth of knowledge and a strong track record of delivering real change among diverse stakeholders.”
Visit Prologis’ ESG website to view and download the full report. The report has been externally assured and follows the Global Reporting Initiative (GRI) Standards.