Environmental Policy and Environmental Management Systems

We understand that the logistics real estate industry has a meaningful impact on the environment and can make a significant and lasting contribution to a more sustainable global distribution system.

Environmental Policy

Our commitment to sustainability extends across our own operations. We address climate change proactively. Prologis is firmly aligned with United Nations Sustainable Development Goal 13 (taking urgent action to combat climate change and its impacts). We intend to lead our industry as we care for the shift toward a net-zero carbon world. We have identified and are implementing strategies to reduce GHG emissions across our business operations, from the energy consumed in our offices to the way we travel to work. We endeavor to use locally sourced materials and hire local contractors in our own supply chain, decreasing transportation and shipping distances, and further diminishing our impacts. All of Prologis' employees are key partners in these efforts. Prologis team members around the world are encouraged and supported in their efforts to champion energy, waste and water-use reductions to save costs and reduce our carbon footprint.

Environmental Management Systems

In line with our commitment to environmental stewardship, Prologis has gained ISO 14001 certification for our development management activities, which is externally audited by DNV GL. We have been certified under ISO 14001 in the European Union and UK since 2008, North America since 2016 and Japan since 2018. These series of international standards on environmental management provide a framework for the development of our global Environmental Management System (EMS) and supporting internal audit program.

ENVIRONMENTAL STEWARDSHIP FACTS

• As of May 31, 2021
• As of March 31, 2021

VIEW NPR’S ESG DATASHEET

Integration of Environmental Aspects in Investing

Strategically Focus on Green Building

As a member of the Prologis Group, NPR has been strategically engaged in investing in and managing high-quality, energy-efficient modern logistics facilities that are sustainable and help protect the global environment. In NPR’s investing in new facilities, we ensure the facilities have Green Building Certifications, which requires concrete environmental benefits and high-level energy efficiency.

Environmental Assessments

As part of our due diligence, NPR engages an independent engineering firm to conduct an environmental assessment of every property prior to its acquisition. The assessment includes an on-site inspection of the property, an examination of current and historical uses and environmental conditions of the property, as well as its surrounding sites, compliance to relevant laws and ordinances and discussions with persons in charge of property management.　The environmental reviews also cover a wide range of possible sources of environmental issues, including asbestos, lead, PCBs, substances harmful to the ozone layer, water, air, and waste. Based on these reviews, we can ensure that a property we acquire complies with all environmental laws and regulations in Japan across all material respects.

Environmental Innovation

Smart LED Luminaire with Motion Sensor

In 2018, Prologis Japan co-developed “LED luminaire with motion sensor”, which detects motion from our customers’ workers and/or forklifts and reduces electricity consumption based on the need for lighting in spaces with activity. Furthermore in 2020, it was upgraded to “Smart LED luminaire with motion sensor” with additional enhancements such as dimming, lighting schedule, grouping and the visualization of the power consumption dashboard controlled by tablets. This product was widely recognized and received the Energy Conservation Grand Prize 2020 by the Energy Conservation Center, Japan. This system, which has already been installed in some of the properties NPR owns, contributes to electricity consumption reduction. We will continue to adopt this Smart LED in NPR’s portfolio.