For Employees｜ESG｜Nippon Prologis REIT, Inc.

Prologis’ global workplaces are inclusive, open and diverse. We seek to create an environment in which every employee feels they can contribute freely to the conversation that drives the success of the organization. As an equal opportunity employer, our goals are consistent, and we apply fair policies that respect cultural differences. We recognize performance based on merit and reward team members for their contributions. To note, since NPR does not have any employees because of J-REIT regulation, below information applies to all employees of Prologis including Prologis REIT Management K.K. (PLDRM).

The Prologis 3Cs

In 2019, Prologis launched the 3Cs to guide our focus and drive success across the organization. Bonus metrics include achievement of the company’s 3Cs.

We build lifelong partnerships with our customers. We listen, learn and use the power of our scale to solve our customers' pain points.

Our teams experiment and evolve to uncover and commercialize creative solutions. We believe the best ideas can come from anywhere.

The Prologis culture prioritizes speed and experimentation. We support a workforce of lifelong learners in an atmosphere of responsiveness, reliability and respect.

Inclusion & Diversity Strategy

Culture & Talent (one of our 3Cs) at Prologis is built on a commitment to leverage Inclusion & Diversity (I&D) to inspire innovation—and it is a tremendous competitive advantage. We continue to make progress on I&D, but we know that our work is not done. Our 2019 I&D survey revealed an opportunity for us to focus even more on hiring diverse candidates, supporting employee development and clarifying criteria for recognition and promotion.

Added more objectivity and structure to the interview and hiring process, as well as ensured I&D alignment with recruiting agencies to attract diverse candidates.

Created coaching strategies to improve leadership development and enhance organizational communication.

Started pilots of training courses (e.g., Unconscious Bias training, Crucial Conversations, DiSC) to provide strategies to engage in more inclusive discourse.

Created a job-leveling framework to create greater transparency for our employees on job growth.

Developed the ‘Traits of the Prologis Team’ to emphasize employee abilities and how they are rewarded and recognized.

Our commitment to Inclusion & Diversity is also reflected in the NPR board of directors where one third of the Independent Supervisory Directors are female.

Investing in People Through Training

Prologis’ Learning and Development team has built an extensive curriculum focused on five areas:

Helping all employees build basic business competencies critical to success, such as presentation skills, effective communication and time management.

Preparing future leaders, expanding overall leadership capacity and cultivating leadership skills in high-potential employees.
In Japan, every year, leadership training is implemented. For senior leadership, the training includes detailed feedback with scoring sheets that is provided to participants.

Giving all employees the opportunity to better understand our industry and ensuring ongoing enrichment for those involved in real estate operations.
In Japan, employees are encouraged to acquire qualification related to our business. Below is a list of qualifications and credentials that we help to support employees to complete, subsidizing exam fees and providing learning programs & materials.

Real Estate Transaction Agent
ARES Certified Masters
Real Estate Appraisers
Certified Building Administrator
First-class architect
CASBEE Accredited Professional for Building
CASBEE Accredited Professional for Real Estate
Chartered Member of the Securities Analysts Association of Japan

Facilitating understanding of core systems.

Focusing on topics that include performance management, compliance with local laws and onboarding.

Training is delivered through a combination of classes at Prologis offices, virtual classes and a library of more than 600 self-paced online classes available anytime and anywhere including part-time and contractors.

Other Initiatives for Employees

Scope of employee investment unit ownership

All employees of Prologis Japan and Prologis REIT Management K.K. are eligible to purchase investment units of NPR on the condition that the purchase is through cumulative stock investments with advance approval by the employer.

Non-salary benefits and work/life balance

As initiatives in excess of legally required minimum at Prologis Japan, paid nursery leaves are provided for all employees who serve as caregivers for their children of preschool age and elders in their family. The leaves are obtainable for maximum five days and can be taken hourly.
Also, as for the volunteer leave, every employee is eligible to apply for one day each year to contribute to the local community to engage in philanthropy activities.

Performance appraisals and feedback process

Employees of Prologis Japan undergo feedback process three times a year: initial, interim and final reviews to discuss their targets, progress, next steps and achievements. The evaluation is conducted comprehensively including ESG aspects. In order to secure the fairness and transparency, the final evaluation for promotion is determined by the Human Resources/Compensation Committee.

Activities towards Sustainable Path

In Japan, the Sustainable Path team is organized to promote energy savings and sustainability in our offices including reducing copy paper, as well as collecting plastic bottle caps, providing cases of disposable contact lenses, used stamps, etc. Collection of these used items are sent to charitable organizations for purchasing vaccines for children in developing countries, supporting disabled persons and assisting people in South Asia respectively. These activities not only allow us to be environmentally-friendly while contributing to society, but also enhances employee engagement raising awareness as it relates to ESG issues.

For Employees

Human Development Strategy