Prologis

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

Carbon per million dollars of physical infrastructure — PP&E plus leased real-estate, including upstream and downstream leased emissions (Scope 3 categories 8 + 13). The most complete view of physical-asset carbon intensity, relevant for REITs and infrastructure-heavy firms.

• · berkeley_voluntary_registry
• · CarbonPlan OffsetsDB
• · RE100
• · car

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.

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.

• LED lighting rollout and energy efficiency in owned logistics facilities

  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.

• Sustainable building certifications for 100% of eligible new developments

  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.

• Energy procurement strategy and power access for portfolio and data center conversion

  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.

• LED lighting retrofit across owned/managed operating portfolio

  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.

• Sustainable building certifications for new developments

  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.

• Urban-core infill logistics locations reduce supply chain emissions

  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.

• Embodied carbon reduction in new construction (Scope 3 cat 2)

  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.

• Sustainable building certification for 100% of eligible new builds

  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.

• LED lighting rollout across portfolio

  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.

• Operational electrification + heat-pump heating

  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.

• LED lighting retrofit across portfolio

  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.

• Sustainable building certifications (LEED and equivalent)

  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.

• Embodied carbon / carbon-neutral new construction

  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.

• Embodied carbon in new construction (capital goods / Scope 3 cat 2)

  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.

• Circular construction & waste reduction

  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.

• Mobile combustion / vehicle fleet (Scope 1)

  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.

• Community Workforce Initiative and social impact investing in logistics talent

  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.

• Customer energy and sustainability solutions via Prologis Essentials platform

  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.

• Tenant energy solutions to reduce customer Scope 2

  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.

• Data center development with secured power capacity

  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.

• Tenant energy (downstream leased asset Scope 3)

  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.

• Customer fleet electrification via Mobility Essentials

  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.

• Tenant (downstream leased asset) energy decarbonisation

  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.

• EV charging infrastructure for customer fleets

  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.

• Tenant (downstream leased) energy decarbonisation — LED, cool roofs, smart buildings

  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.

• Smart siting / last-mile transport efficiency

  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.