Prologis has received the 2019 Industrial Leader in the Light award from the National Association of Real Estate Investment Trusts (NAREIT) for the eighth consecutive year.
The REIT industry’s highest sustainability recognition, the award honors companies with superior ESG initiatives and portfolio-wide energy use practices.
Here’s a look at some of the ongoing initiatives that contributed to Prologis’ win:
- Community Workforce Initiative (CWI): Launched in 2018, CWI addresses the expanding need for qualified and dedicated logistics labor. Prologis’ program is structured to enhance local economies and help create career opportunities in the communities where it does business.
- Solar: Solar installations throughout 2018 and during the first half of 2019 resulted in the company meeting its goal (a year-and-a-half early) of installing 200 megawatts of solar energy generating capacity by 2020. Prologis is well-positioned to deliver innovative energy solutions through initiatives such as its SolarSmart program.
- Green Bonds: In 2018, Prologis became the first logistics real estate company to issue a green bond. The company’s European co-investment vehicle, Prologis European Logistics Fund (PELF), was recognized for its leadership in this space by the Climate Bonds Initiative. Since 2018, Prologis has issued four green bonds in Europe and Asia. Prologis will use the proceeds of its green bonds to pursue investments in green buildings, water-saving initiatives and renewable energy projects, as well as reduce overall energy use.
Learn more about Prologis’ commitment to sustainability here: Sustainability.