Spotlight On: Prologis

Sustainability Advisory

Prologis is the global leader in logistics real estate, with 1.2 billion square feet of real estate in 19 countries, $209 billion in assets under management, and 6,700 B2B and retail customers across the globe.

A longtime partner of Trio and a leader in sustainability, innovation, and the development of decarbonization solutions, Prologis was the first logistics real estate company with an approved Science-Based Target to reduce greenhouse gas (GHG) emissions. The company offers a suite of services to its customers through the Prologis Essentials program, which includes a variety of clean energy offerings.

Net Zero by 2040: Prologis’ Ambitious Emissions Reduction Goals

In 2022, Prologis announced an ambitious commitment to achieve net-zero emissions across its value chain (scopes 1, 2 and 3) by 2040. The company plans to meet its 2040 goal through several interim targets, including 1 GW of solar generation capacity, supported by storage, by 2025; carbon-neutral construction by 2025; and net-zero operations by 2030.

The company’s goal is aligned with the Science-Based Target initiative (SBTi) and includes partnerships to drive decarbonization across the industry, including through innovation in sustainable building materials.

In addition to solar, Prologis offers EV charging and battery storage to its customers. Last year, Prologis was ranked second in the U.S. for onsite solar generation, according to the Solar Energy Industries Association’s (SEIA) Solar Means Business Report.

Trio has been an ongoing partner in Prologis’ efforts to incorporate distributed energy resources, including supporting the company with nearly 94 MW of pending and installed solar, as well as onsite battery storage.

Innovative Approach to Sustainable Building and Energy Solutions

To help meet its ambitious net-zero target, Prologis is aiming to achieve sustainable building certification for every eligible new development and redevelopment. The company currently has 550 buildings that have received a certification, which accounts for 20 percent of its global portfolio.

Additional reductions in GHG emissions come from measures like electrification, energy efficiency, LED lighting, cool roofs, and the use of lower-emissions construction materials and methods. And, as more customers look to adopt EVs to reduce their emissions and meet government regulations, Prologis is supporting them with fleet charging through its Mobility program.

Prologis continues to innovate across its building design and implementation. To align with the company’s updated net-zero standards, all new facilities must be built so they are ready to support rooftop solar and EV charging. In addition, the company’s construction and energy teams work together to find innovative ways to decarbonize through cutting-edge building materials.

Read our interview with Prologis' Susan Uthayakumar
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