Prologis — full event log

Effective January 1, 2026, Hamid Moghadam transitioned from CEO to executive chairman of the Board, and Dan Letter became CEO after a multi-year succession planning process.

sustainability_report p.39

Prologis plans to announce its 2030 goals with the publication of its next sustainability report in 2026.

sustainability_report p.31

In December 2025, Prologis listed China AMC Prologis Logistics REIT (Prologis C-REIT) on the Shenzhen Stock Exchange. The REIT purchased properties from Prologis's open-ended venture in China. At December 31, 2025, Prologis owned 20.7% of the venture.

sustainability_report p.29

Prologis met its goal of 1 gigawatt of solar generation and storage capacity on its O&M portfolio. As of December 31, 2025, the Company had 1.1 gigawatts, including Prologis and third-party owned projects. LED lighting installed across 83% of eligible logistics facilities and 100% of eligible new developments.

sustainability_report p.13

Prologis is selectively expanding development activities to include data centers, focusing on procuring power and securing build-to-suit lease transactions. At December 31, 2025, data center development portfolio had aggregate TEI of $686 million (consolidated basis). This marks a material strategic expansion from purely logistics REIT.

sustainability_report p.7

Prologis committed to installing LED lighting within 100% of eligible new developments and redevelopments and across 80% of eligible O&M operating properties by 2025. As of December 31, 2025, this was achieved with LEDs scheduled or installed in 100% of new developments and approximately 83% of eligible logistics facilities. LED solutions are delivered through the 'Prologis Essentials LED' program, reducing energy consumption across Prologis's owned portfolio and supporting customer sustainability goals.

sustainability_report p.12

Prologis committed to obtaining sustainable building certifications for 100% of eligible new developments and redevelopments. For properties approved after June 2021 and stabilized during 2025, 62% were certified and 38% were scheduled for certification, totaling 100% of eligible developments. The Company develops modern, efficient buildings aligned with leading sustainable building standards, integrating solutions such as heat pumps, cool roofs, LED lighting, EV charging stations, and xeriscaping.

sustainability_report p.13

A key element of Prologis's strategy is leveraging scale and relationships with utilities and energy providers to secure reliable access to power. This enables conversion of select logistics sites into energy-ready data center developments and supports broader sustainability goals including investments in renewable energy, energy storage and mobility infrastructure. The energy procurement strategy enhances land portfolio value while supporting decarbonisation of operations.

sustainability_report p.8

Prologis's Community Workforce Initiative (CWI), founded in 2018, trains logistics talent in communities where it operates. Originally targeting 25,000 individuals by 2025, this goal was met two years early in 2023. The program creates economic opportunities and stable business environments, supporting resilient supply chains and reducing environmental footprint through efficient logistics operations. By end of 2025, Prologis also surpassed its 75,000 volunteer hours goal, reaching 96,000 hours.

sustainability_report p.13

Prologis' goal to achieve net-zero emissions by 2040 has been validated by the Science Based Targets initiative.

sustainability_report p.29

Prologis achieved its goal to install 1 GW of solar generation and storage capacity by 2025, reaching 1.1 GW.

sustainability_report p.31

Through the Prologis Essentials platform, the Company provides customers with solutions supporting their operational, energy and sustainability needs, including onsite solar generation, energy storage, heat pumps, LED lighting, EV charging stations and recycling programs. Prologis regularly engages customers about enhancing sustainability of their operations. These services help reduce energy and water consumption and decrease GHG emissions within customers' operations, addressing the dominant downstream leased (Scope 3, Cat 13) emissions pathway.

sustainability_report p.12

Prologis has committed to and achieved more than 1 gigawatt (reached 1.1 GW at December 31, 2025) of solar generation and storage capacity across its owned-and-managed portfolio, including both Prologis and third-party owned projects. The company deploys rooftop solar through its 'SolarSmart' customer offering, which provides tenants with energy savings from solar panels installed on building rooftops. Green bond proceeds have been used to finance eligible sustainable development projects under Prologis's green bond framework. Ongoing investment in renewable energy initiatives and integration of energy solutions across the portfolio are cited as competitive advantages.

sustainability_report p.12

In May 2025, Prologis amended and restated one of its global credit facilities (2022 Global Facility) as the 2025 Global Facility, maintaining borrowing capacity of $3.0 billion and extending maturity to June 2029 with option to extend to June 2030.

sustainability_report p.30

In June 2025, Prologis established an additional commercial paper program allowing issuance of notes denominated in British pound sterling, euros or US dollars up to €1.0 billion equivalent.

sustainability_report p.30

Prologis Energy Solutions has built more than 1 GW of solar power generation and energy storage capacity, achieving 1.1 GW in 2025 across the Owned and Managed Portfolio. Includes operating projects, projects with Permission to Operate (PTO), and capacity achieved through third-party projects where Prologis purchases or guarantees a fixed price for clean power through direct or virtual Power Purchase Agreements (vPPAs). Prologis was ranked #2 for corporate onsite solar generation capacity in the 2024 Solar Means Business Report. Sarah Slusser (CEO of Cypress Creek Renewables) was added to the Board in 2025 to support solar and energy storage strategy.

sustainability_report p.29

Approximately 83% of eligible logistics facilities (based on square feet) within the owned and managed operating portfolio has LED lighting as of 2025. Installed LED lighting across 100% of eligible new developments and redevelopments in 2025 (second consecutive year). Achieves the 80% portfolio LED goal set for 2025.

sustainability_report p.29

Achieved, or in process of achieving, sustainable building certifications (LEED or equivalent) for 100% of eligible new developments and redevelopments in 2025. Includes developments and redevelopments approved from June 2021.

sustainability_report p.31

Essentials Solutions and Energy Solutions provide an ecosystem of products and services (turnkey warehouses, LED lighting, on-site solar, battery storage, on-premises energy solutions) that help customers reduce energy use and emissions in their leased Prologis space. Business exceeded its 2025 stretch goal with $60.2M contribution.

sustainability_report p.46

Many industry-leading distribution centers are located in the urban cores of the world's most densely populated metropolitan areas. This shortens delivery routes, cuts delivery times and reduces supply chain-related emissions. Strategic location near population centers is positioned as a structural decarbonization lever for the broader logistics value chain.

sustainability_report p.28

Prologis is advancing its strategy to secure reliable access to power at scale, which positions select sites for energy-ready data center development. Power availability remains a key constraint in data center development. NEO team led efforts to advance utility-fed power capacity during 2025.

sustainability_report p.35

In 2024, Prologis acquired its partner's interest in an unconsolidated venture and began consolidating the properties, including 30 operating properties aggregating 6.0 million square feet. Also entered new market in India and acquired 225 acres of land.

sustainability_report p.73

Trained 25,000 people in logistics through Community Workforce Initiative by 2023, two years ahead of the 2025 target.

sustainability_report p.31

In 2023, Prologis acquired a real estate portfolio comprised of 70 operating properties in the U.S., aggregating 13.8 million square feet, for cash consideration of $3.1 billion.

sustainability_report p.73

In June 2022, Prologis increased its solar deployment goal from 400 MW to 1 GW of solar energy capacity supported by battery storage by 2025.

sustainability_report p.10

As part of 'measure-reduce-invest', purchases high-quality third-party verified offsets for construction-related emissions that cannot yet be eliminated. Retired offsets for ~40% (~830,000 tCO2e) of 2022 construction emissions, up from 20% in 2021. Offsets cover forest conservation (Brazil, Canada, Mexico, China, US), landfill gas/clean energy, and refrigerant reclamation, verified under Gold Standard, VCS/Verra, Climate Action Reserve, or American Carbon Registry. Goal: 100% carbon-neutral construction by 2025. No DAC/BECCS engineered removals disclosed.

sustainability_report p.28

Customer/tenant energy use (downstream leased assets) is the dominant Scope 3 category. Prologis' Clear Lease incorporates green-lease language enabling utility-data sharing and installation of sustainable features like rooftop solar. Smart metering via Essentials gives tenants real-time consumption data. ~31% of leases globally were Clear Lease by area at end-2022.

sustainability_report p.22

235 MSF of 1.2 BSF portfolio has received a sustainable certification (LEED, BREEAM, CASBEE, DGNB, WELL). Committed in June 2021 that every eligible new development/redevelopment will achieve a sustainable certification.

sustainability_report p.26

Closed the 1.59-billion-euro acquisition of the 'Urban Spaces' portfolio on behalf of PELF: 128 buildings (12 MSF) and six developments in key urban gateway locations.

sustainability_report p.7

Revised methods for estimating Downstream Leased Assets emissions; reclassified some spend categories to align with GHG Protocol. Established 5% de minimis threshold excluding refrigerants, chilled water, district heating, business travel, FERA, employee commuting from reporting.

sustainability_report p.59

Completed the acquisition of Duke Realty Corporation, expanding Prologis' presence in key U.S. markets. Valued at approximately $23 billion, included 144 MSF of operating properties and 7 MSF under development.

sustainability_report p.7

Established 2019 as new baseline year for measuring progress toward GHG reduction goals (replacing 2016). Re-baselined 2019-2021 emissions to reflect recent acquisitions (Liberty, IPT, Urban Spaces, Duke) and methodology improvements.

sustainability_report p.59

Increased renewable energy goal to 1 GW solar capacity supported by storage (800 MW solar, 200 MW storage) by 2025; reached 405 MW installed at year-end 2022.

sustainability_report p.8

Construction-related activities represent ~21% of GHG footprint. Reducing through circular design, mass timber instead of steel (Portland OR, Ontario CA), lower-carbon concrete (Nexiite, carbon-storing concrete), 80%+ recycled-content steel in U.S. procurement, and digital materials passports (Waalwijk DC3 built using 30% circular/bio-based/C2C materials). Completed life-cycle assessments for six DCs in 2022. New construction must be EV-charging ready, rooftop-solar ready and electrify onsite equipment.

sustainability_report p.26

Since June 2021, every eligible new development or redevelopment approved by the Investment Committee will achieve a sustainable certification (LEED, BREEAM, CASBEE, DGNB, WELL). 33 projects in 2022 (5 certified, 28 in progress). 235 MSF / 19.41% of 1.2 BSF portfolio already certified. Nearly 30% of space leased by top 25 customers is sustainably certified. Certified % of new developments is one of three environmental bonus-scorecard metrics.

sustainability_report p.26

In June 2022, announced goal to achieve net-zero emissions across operations by 2030 and value chain (Scopes 1, 2, 3) by 2040. Aligned with SBTi Net-Zero Standard. Prior SBT was reduce Scope 1+2 by 21% and Scope 3 by 15% from 2016 baseline by 2025.

sustainability_report p.9

Following the Duke acquisition, consolidated direct operations (divested from Duke-occupied offices and sold mobile assets), resulting in a 53% year-over-year decrease in Scope 1 and 2 emissions.

sustainability_report p.22

Prologis began installing rooftop solar in 2007 and surpassed 400 MW of generating capacity in 2022 (up from 285 MW in 2021), ranking #2 for onsite solar in the U.S. (SEIA). Goal of 1 GW (800 MW solar + 200 MW storage) by 2025. SolarSmart/StorageSmart provides behind-the-meter generation to tenants; SolarX/StorageX sells renewable electricity to local utilities (e.g., 5 MW to Clean Power Alliance in Southern California). Evaluating offsite renewable PPAs for incremental demand from automation, electrification and EV charging.

sustainability_report p.23

Installed LED lighting across 71% of warehouse and office space by area at year-end 2022 (up from 57% in 2021), targeting 100% by 2025. LED Essentials program upgrades customers' lighting with no upfront capex, reducing lighting-related energy use 60-80%. LED is one of three quantitative environmental metrics in the executive bonus scorecard.

sustainability_report p.23

Design standards require more-efficient lighting and electrification of onsite equipment, eliminating natural-gas heating where feasible. Electric heat pumps deployed at Perris DC 6 & 8 (CA). Prologis Park Moissy II DC1 (Paris) built with no gas connection, using rooftop solar + borehole geothermal storage. Inagawa I (Japan) ZEB-certified.

sustainability_report p.25

Mobility Essentials platform supports tenants' transition to zero-emissions fleets via EV charging, hydrogen fueling, autonomous yard trucks and fleet management. Activated two electric truck charging installations in 2022 (capacity for 38 Volvo VNR Electric Class 8 trucks). Committed in 2023 that every eligible new development will be EV-ready. Expected to manage ~20 EV charging facilities by year-end 2023.

sustainability_report p.24

In June 2022, Prologis committed to net zero emissions by 2040 across its entire value chain (scopes 1, 2 and 3), with interim goal of net zero scope 1 and 2 by 2030.

sustainability_report p.2

Prologis ranks #3 in the U.S. for installed onsite solar capacity and had 285 MW of generating capacity at end of 2021 (rising to 325 MW by April 2022). The original 400 MW by 2025 goal was raised in June 2022 to 1 GW, supported by battery storage. Onsite solar enables tenants' decarbonization via leased rooftops; Prologis also purchases renewable energy and has been carbon neutral for Scope 1+2 since 2019. EV charging infrastructure (~10 MW planned in 2022) complements the renewables build-out.

sustainability_report p.7

Target to install 100% LED lighting in all warehouse and office space across the portfolio by 2025. 57% of warehouse and office space had LED lighting by end of 2021, up from 42% in 2020 and 14% in 2017.

sustainability_report p.10

Completed construction on first LEED Platinum building in Brazil; cutting-edge Netherlands DC built using 30% circular or bio-based materials.

sustainability_report p.2

Scope 3 represents 99.9% of total emissions footprint, dominated by tenant energy use in leased logistics buildings. Prologis is addressing this by reducing building and tenant energy consumption, expanding generation and use of renewable energy, and providing customer-facing energy solutions including on-site solar, energy storage, and EV charging through its Prologis Essentials platform.

sustainability_report p.7

Portfolio includes 195 MSF of sustainably certified space across more than 550 buildings with LEED and other best-in-class certifications. From June 2021, 100% of new development/redevelopment projects approved by Investment Committee will achieve a sustainable certification.

sustainability_report p.7

Goals framework explicitly aligned to UN SDGs including Climate Action (13), Affordable & Clean Energy (7), Industry/Innovation (9), No Poverty (1), Decent Work (8), Partnerships (17).

sustainability_report p.10

Commitment to 100% carbon-neutral construction for every new building by 2025. In 2021, Prologis offset 20% of estimated GHG emissions from projects completed and conducted five life-cycle assessments (LCAs) to identify reduction opportunities in construction footprint. Example: Park Moissy 2 DC1 in Paris built with no gas connection, using rooftop solar, geothermal storage, and 30% circular/bio-based materials in the Netherlands project.

sustainability_report p.10

Plans to expand EV infrastructure investments in 2022 to manage approximately 10 MW of EV charging capacity, supporting tenants' transition to low/zero-emissions vehicles. Park Moissy 2 DC1 features electric and natural gas vehicle infrastructure as a model.

sustainability_report p.7

Commitment to achieve 100% carbon neutral construction by 2025; offset 20% of estimated GHG emissions from projects completed in 2021.

sustainability_report p.10

Downstream leased assets dominate Prologis' Scope 3 footprint (99.9% of total). Levers: LED lighting rollout under Prologis Essentials (42% of portfolio by area by end-2020, targeting 100% by 2025; LEDs cut consumption 60-80%); cool roofs (44% of global portfolio); SolarSmart on-site solar serving tenant load; Smart Buildings with fiber-optic infrastructure reducing energy needs. 38% reduction in downstream-leased emissions 2019-2020.

sustainability_report p.22

Prologis committed to achieving 100% carbon-neutral construction globally by 2025, addressing embodied carbon (~11% of global emissions) through smart design, recycled materials, and high-quality offsets for residual emissions. CarbonZero program also launched to help customers achieve carbon neutrality.

sustainability_report p.24

In 2020 Prologis officially signed on as a TCFD Supporter, committing to disclose climate-related risks and opportunities in line with the TCFD framework.

sustainability_report p.47

Raised more than $2.5 billion in green bonds globally at weighted average rate of 1.53%, including a $375M green bond in Mexico. Use of proceeds guided by Prologis Green Bond Framework with Sustainalytics SPO.

sustainability_report p.30

Launched SolarSmart turnkey solar offering within Prologis Essentials portfolio; customers sign up for rooftop solar without upfront capex. 31 MW of new solar signed up since June 2020 launch.

sustainability_report p.25

Prologis retired the cool roofs goal owing to methodological challenges, though committed to installing cool roofs where they provide energy savings. By year-end 2020, 44% of global portfolio had cool/reflective roofing.

sustainability_report p.11

Prologis partners with Cool Earth to protect rainforest equivalent to 31x the built area of new UK and (from June 2020) all European Prologis buildings — a nature-based compensation pathway rather than durable engineered removals. For embodied and operational emissions that cannot be reduced, Prologis purchases high-quality certified carbon offsets and RECs through the CarbonZero program. The Moissy 2 warehouse (France) is the first carbon-neutral Prologis facility, expected to save 150,000 tCO2e annually via design efficiencies, rooftop solar, green power and borehole thermal energy storage.

sustainability_report p.24

Prologis ranks third for onsite installed solar capacity among U.S. corporations (SEIA). In 2020 installed 40 MW of additional rooftop solar for a cumulative 252 MW globally (toward a 400 MW by 2025 goal). The SolarSmart turnkey program — launched June 2020 — builds, operates and maintains rooftop systems with no upfront customer capex; typically supplies 80% of customers' electricity needs. In Brazil, the Queimados facility runs on 100% purchased renewable energy; the Poland portfolio targets 80% green-certified energy in 2021.

sustainability_report p.25

Prologis committed to achieving third-party sustainable building certification (LEED, BREEAM, WELL, CASBEE, DGNB, HQE) for all future new developments and redevelopments globally (excluding China).

sustainability_report p.15

Prologis completed acquisitions of IPT and LPT in 2020, expanding the portfolio. Total warehouse square footage grew 10% during the year.

sustainability_report p.9

Embodied carbon of buildings represents ~11% of global emissions and is Prologis' largest controllable Scope 3 lever after tenant energy. Strategy: smart design, low-carbon materials, recycled content (e.g., Waalwijk DC3 with 30% circular/bio-based/C2C materials; 80% in offices), local sourcing of 25-30% of materials, LEED Volume Program (saving $24M since 2014), and life-cycle assessments of 57 UK buildings. Targeting 100% carbon-neutral construction globally by 2025 via reductions plus certified offsets.

sustainability_report p.24

Circular design principles applied to new construction in the Netherlands: digital materials passports, 'circular toolbox' repository, 25-30% local material sourcing, and standardised sizing to minimise cutoffs. Waalwijk DC3 (May 2020) used ~30% circular/bio-based/C2C materials (80% in office spaces). Dutra RJ Building 100 (Brazil) recycled or reused >95% of construction waste.

sustainability_report p.28

More than half of Prologis' global portfolio is sited in urban-core/infill locations to shorten last-mile delivery routes. An MIT Real Estate Innovation Lab study cited shows 36% fewer overall GHG emissions and 50% fewer transport-related emissions versus traditional retail. This reduces emissions in customer supply chains and supports brownfield redevelopment.

sustainability_report p.27

Vehicle fleet is the largest driver of Prologis' Scope 1 footprint. In 2020 a 54% decline in fleet emissions drove a 21% YoY reduction in combined Scope 1 & 2. Prologis will continue to explore opportunities to further drive down mobile combustion emissions.

sustainability_report p.22