Prologis Europe owns and leases trendy logistics services to a various base of consumers primarily throughout business-to-business and retail and on-line success. We now function in 12 nations in Europe, throughout 22.2 million sq. meters with a leasing exercise of two,810,211 sq. meters. However our dimension and wholesome liquidity is the least to recollect us by.
We issued our first sustainability report in 2011 and Environmental, Social and Governance (ESG) is woven into our cloth and steers decision-making from the boardroom to all corners of our enterprise. We be certain that our buildings are continually leading edge from a expertise standpoint, be it sensors, photo voltaic and EV charging, but in addition consistent with our ESG targets in keeping with the UN’s Sustainable Improvement Objectives (SDGs).
Our targets embrace 1 GW of photo voltaic technology capability (supported by storage) by 2025, 100% carbon-neutral development by 2025 and internet zero by 2040 for Scope 1, 2 and three emissions. Since 2019, we’ve been carbon impartial for our Scope 1 and a couple of emissions, and we’ve decreased our Scope 3 emissions by 38% from a 2016 baseline.
Main latest examples in Europe embrace Park Moissy II DC1 close to Paris, constructed with no fuel connection and depends on design efficiencies, rooftop photo voltaic and borehole geothermal power storage for heating, cooling and energy. Having simply obtained BREEAM Excellent, Moissy II DC1 achieved the best rating worldwide for a logistics constructing. Within the Netherlands, Prologis Park Nieuwegein DC2BC achieved the latest, highest ever, WELL Platinum certification; whereas L’Oréal in Muggensturm close to Karlsruhe shouldn’t be solely a carbon-neutral facility but in addition designed to supply breeding properties to skylarks with its 30,000 sq. meters of inexperienced rooftops.
Up to now twelve months, we’ve added greater than 600,000 sq. meters of logistics actual property to our European portfolio, bringing our holdings to 19M sq. meters of worthwhile house for specialist and e-commerce warehousing throughout greater than 900 buildings in Europe.
We’re proudly a customer-centric logistics actual property supplier that brings worth past the true property: Our clients’ wants, comfort and reliability are on the forefront of our enterprise making selections. On this endeavor, we work with our clients to repeatedly refine our operations, power, upskilling and coaching, mobility care and digital choices.
NEW OR ACQUIRED, OUR BUILDINGS BEAR THE PROLOGIS STANDARD
We’re a round investor; We spend money on properties that align with our ESG endeavors in order that they in return help our buyer’s enterprise targets and sustainability efforts. Prologis’ entry attain, monetary backing and stable fame have allowed us an nearly unmatched potential to improve already current buildings that we purchase to our excessive ESG requirements, speculative developments and build-to-suit developments to the best spec.
In 2022, we’ve expanded our portfolio with latest acquisitions within the Netherlands, Germany and UK. These have continued to be in city websites in order that our clients can present a 30-min-or-less service to the neighborhood in addition to providing actual property logistics to life sciences and information middle operations. Prologis is dedicated to being a pacesetter in offering best-in-class throughout new and rising industries.
INNOVATION AND OUR OWN RESEARCH BACK OUR ESG DECISIONS
Integrating ESG technique goes past delivering a inexperienced round constructing. It includes gathering all the info, making use of a complete methodology, not shying away from participating in exhausting conversations and offering options that deal with ache factors. As a philosophy and a job, it’s unending and extremely energizing.
Whereas we ship round buildings on the forefront of innovation and sustainability, our work does not finish there. We prefer to work with our clients and the native communities to see how we will additional enhance our parks by means of lively inexperienced planning, be that by means of collective clear power programmes, or constantly bettering our areas by means of PARKlife™ schemes.
CUSTOMER-CENTRICITY IS KNOWING WHEN TO HOLD FIRM AND WHEN TO BE FLEXIBLE
Whereas our give attention to ESG is unwavering, our design in each facet is versatile to shift and develop with evolving wants of consumers, setting and social panorama we’re in not only for at present or tomorrow, however in 5, 10 years. This implies we method expertise as fluid; Our versatile backend community infrastructure serves as an adaptable, appropriate platform for future technological advances.
Our clients are paramount to us: fixed conversations enable us to really perceive their evolving wants in order that intuitive and personalised options proceed to enhance utilization, cut back affect and supply a extra pleasing and safer office. Our flexibility signifies that the burden of IT on the client is minimized and install-and-remove waste is mitigated.
Our buildings usually are not solely designed with environmental sustainability in thoughts but in addition with the flexibleness to maintain our clients’ evolving wants, a number of SMART and sustainable measures, WELL-building options, BREEAM certification and round design. Prologis is decided to remain a constructing and tech innovator.
UNDERSTANDING THE MARKET AND ACTIONING YOUR PRINCIPLES OFTEN LEAD TO SUCCESSFUL INDUSTRY ESG BENCHMARKS
We have been one of many first corporations within the logistics actual property international house to develop a collection of asset-linked bonds that appeared past revenue, by means of the Prologis European Life Fund (PELF). Our Inexperienced Bonds are aligned with the UN’s 2040 Environmental, Social and Governance (ESG) Objectives, and proceeds are used to fund inexperienced power and environmental enhancements. We are actually at a 93% adoption fee, whereas many others are solely at 10-15%.
Being an business chief in issuing inexperienced bonds, we fund investments in sustainable buildings and renewable power initiatives throughout the globe, making actual inroads in creating a greater future. Each Inexperienced Bond provides you slightly financing benefit over the market; it may be funneled again into our interim PELF packages driving consciousness and motion to take away CO2 from the ecosystem and on the identical time make the most of renewable assets optimally.