Published 04-11-08
Submitted by Prologis
DENVER, April 11 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, today released its second annual Sustainability Report, providing detailed information about ProLogis' economic, social and environmental performance during 2007.
"We are extremely pleased to deliver our second Sustainability Report to our shareholders, customers, employees and business associates," said Jeff Schwartz, ProLogis chairman and chief executive officer. "One of the most important ongoing steps we can take to ensure we are furthering our position as a sustainability leader is to consistently measure and report our environmental and social performance -- along with our financials."
The report outlines several milestone projects completed by the company since last year's report, including:
-- Development of a distribution center in the United Kingdom that
has the lowest carbon footprint of any such facility in Europe.
The award-winning, 624,000-square-foot facility at ProLogis Park
Pineham, Northampton exceeds UK building regulations by 40
percent.
-- Commitment to fund the construction of one new school in China
for every five million square feet of development that the
company completes in the country. ProLogis celebrated the opening
of its first Hope School in 2007 in the Guangxi disaster area as
a part of this pledge.
-- Expansion of the company's carbon footprint measurement and
carbon offset program from North American operations in 2006 to
include all of the company's global business operations.
The report was written according to guidelines issued by the Global Reporting Initiative (GRI), an international, multi-stakeholder network through which a recognized sustainability reporting framework has been developed. It has been externally assured and GRI-checked as meeting the requirements for GRI's Application Level "B+."
"We are making tremendous strides in our commitment to green development, social responsibility and financial stability," said Walt Rakowich, ProLogis president and chief operating officer. "This year's report is a compilation of our results to date and an indication of the great things we can achieve in 2008 and beyond."
The ProLogis 2007 Sustainability Report is available in the investor relations section of the company web site at http://216.139.227.101/interactive/pld2007sustain. Hard copies can also be obtained by calling the ProLogis Investor Relations Department at 303-567-5745.
About ProLogis
ProLogis is the world's largest owner, manager and developer of distribution facilities, with operations in 118 markets across North America, Europe and Asia. The company has $36.3 billion of assets owned, managed and under development, comprising 510.2 million square feet (47.4 million square meters) in 2,773 properties as of December 31, 2007. ProLogis' customers include manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. Headquartered in Denver, Colorado, ProLogis employs more than 1,500 people worldwide. For additional information about the company, go to http://www.prologis.com/.
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of March 31, 2022, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.0 billion square feet (93 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,800 customers principally across two major categories: business-to-business and retail/online fulfillment.
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