Green bonds are used to fund projects that increase sustainability and reduce environmental impacts.
In accordance with the reporting requirements outlined in the Prologis Green Bond Framework, details on the allocation of net proceeds for the following green bonds issued by affiliates of Prologis can be found below.
Green bonds help attract and retain tenants, improve the quality of our buildings with new features that reduce operational costs and environmental impacts, and attract environmentally conscious investors.
How will the proceeds be used?
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.
Prologis will use a portion of the proceeds fromitsgreen bonds for green building certifications (BREEAM, CASBEE, DNGB, HQE or LEED). Prologis already leads the industrial real estate sector in sustainable building certifications. All of Prologis' new developments are designed with a goal of certification where recognized sustainable buildingstandards are available.
With over 175 megawattsof total solar generating capacity, which is enough to power over 26,000 average-size homes annually, Prologis is one of the world’s largest deployers of rooftop solar. Some of the proceeds from the green bonds will be used to install more solar panels, putting our millions of square feet of rooftops to good and productive use.
Battery storage systems are a promising clean energy innovation with the potential to deliver substantial benefits to our customers, investors and the environment. Prologis implementeditsfirst battery storage projectin 2017.