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ProLogis Releases Second Annual Sustainability Report

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:

    -- Pledge to develop all new warehouses to national green building
    standards in the United States and the United Kingdom -- all new
    buildings will be registered for certification under LEED and
    BREEAM standards, respectively.

    -- 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 logo

ProLogis

ProLogis

ProLogis is the global leader in industrial real estate, 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 2,766 properties as of December 31, 2007. ProLogis' customers include manufacturers, retailers, third-party logistics providers and other enterprises with large-scale distribution needs. Headquartered in Denver, Colorado, ProLogis employs more than 1,500 people worldwide.

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