Prologis has just released the latest annual Environmental, Social and Governance (ESG) report, outlining our growth and performance with sustainable logistics, our #prologispeople and the things that we do to better and create more resilient communities. This comes concurrently with launching a rebrand of our Prologis Essentials, which endeavours to be more transparent, better serviced and augmented with new services and offerings to our customers.
The 2022-2023 ESG report offers insights into our ESG goals and progress, net-zero emissions, renewable energy capture, our EV charging capabilities, investments into innovation, governance and social responsibility. This is our 17th Edition since 2006, way before ‘ESG’ and ‘sustainability’ were bywords in any industry.
Our climate strategy, as always, is driven by our focus on customer centricity. Increasingly, governments and authorities are pressuring businesses to include sustainability into their reporting—we help our customers to achieve their goals by providing a suite of sustainability, renewable energy and mobility solutions through our Prologis Essentials platform.
Global highlights from the report include:
Net Zero: We increased our climate ambitions by announcing a goal to achieve net-zero emissions in our operations by 2030, and across our value chain by 2040.
Solar energy: Surpassed 400 megawatts of solar generation across our portfolio.
LED lighting: Installed LED lighting across 71% of our global portfolio.
DEIB: We are proud to report that 49% of our global workforce are women, with 44% of manager positions held by women.
Governance: 88% employee engagement pulse survey score plus a Glassdoor rating of CEO approval rating of 99%.
Employee bonus: In 2022, ESG performance represented 10% of our bonus scorecards. We plan to do the same in 2023.
Workforce: Trained 21,000 people in logistics through our Community Workforce Initiative since 2018.
Social impact: Through our Space for Good programme, Prologis donated nearly 46,452 sqm (€2.32 million) in in-kind rent for disaster relief and aid. On IMPACT Day 2022, our annual global day of service, #prologispeople donated more than 8,500 hrs to better our communities.
Thought leadership: Our signature thought-leadership event, GROUNDBREAKERS, was viewed by more than 15,000 and featured an array of forward-thinking supply chain leaders and innovation.
Global supply chain impact: An Oxford Economics study (2022) stated approximately €506 billion (3.1% of combined GDP) of goods (throughput) transits through Prologis warehouses in the EU.
“Our 2022-2023 ESG report is a clear example of our drive towards our Net Zero 2040 goal,” said Ben Bannatyne, President, Prologis Europe. “Prologis has maintained undeterred, that everything we do, is for our customers’ benefit. It drives us to be proactive and innovative–and our yearly ESG markers attest. I am proud that Prologis Europe is a leading force in the global supply chain industry, enabling our customers to fulfil their own sustainability goals and grow their businesses.”
The full ESG report and executive summary can be downloaded here.
Additional Resources/Insights:
- Research: 2022 Prologis Logistics Rent Index
- Research: Future Flow of Goods, updated Nov 22, 2022
- Prologis is the #1 real estate investment trust (REIT) on the 2022 Global 100 Most Sustainable Corporations in the World list.
- Prologis Groundbreakers 2022