As our CEO Hamid Moghadam said, “When we decide to take on a challenge, we set ambitious goals.” A prime example of this is Prologis’ commitment to achieve net-zero emissions across our value chain by 2040. As we enter the third year of our journey to achieve this goal, we know validation, collaboration and data are all key.
To learn more about our actions on the path to net zero, read the 2023-24 ESG Report here.
External validation – The right goal
In early 2024, the Science Based Targets initiative (SBTi) validated our goal. As the most widely respected standards-setting body for science-based climate action, SBTi’s stamp of approval means that our goal is aligned with climate science. If we achieve it, we will be doing our part to help decarbonize the global supply chain. Our goal includes Scope 1, 2 and 3 emissions: emissions from our operations as well as our customers, an important differentiator in our industry.
Industry collaboration – The right partnerships
Working together with other industry leaders and business associations will help share best practices and other learnings. That’s why we joined RE100, a global corporate renewable energy initiative bringing together businesses in a shared commitment to switch to 100% renewable energy by 2050. We have more than 500 megawatts of solar and energy storage capacity across our portfolio and, as a member of RE100, we will collaborate with industry players to scale renewable energy for the clean energy future. We are also collaborating with MIT’s Climate & Sustainability Consortium, Amazon’s Climate Pledge, Climate Group’s EV100+ and the ZEROgrid Initiative to help accelerate our industry’s progress and ramp up our impact.
Data centricity – The right information
The foundation of good sustainability reporting is data. Our global network of people, partners and projects generates a proprietary data lake that we analyze to make informed decisions and manage risk for our customers. Our people are the key collaborators in this effort – from our real estate and operations teams directly engaged with our customers, to our finance and IT teams focused on data automation and quality, to our teams leading innovative environmental and social initiatives. They do the hard work to capture and accurately report tens of thousands of data points. Their work is supplemented by a network of more than 100,000 sensors that stream real-time data to enable decision automation, including fleet management for our mobility customers, billing our energy customers and alerting a maintenance tech of equipment repairs. We also subject our ESG data to third-party assurance to drive accountability for data quality to stay ahead of investor data requirements and emerging climate disclosure regulations.
With external validation, industry collaboration and data centricity strategies, we continue our path to net zero with a focus on driving innovation across our industry and enabling the decarbonization goals of our many customers around the world.
