Prologis Named to Global 100 Most Sustainable Corporations in the World List for Sixth Consecutive Year
Prologis Advances 35 Positions to Number 54
SAN FRANCISCO, Jan. 23, 2014 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, today announced its inclusion in the 2013 Global 100 Most Sustainable Corporations in the World list. The Global 100, announced annually at the World Economic Forum in Davos, Switzerland, is recognized as the gold standard in corporate sustainability analysis and consists of the 100 top-performing companies worldwide based on a range of sector-specific 'sustainability' metrics.
Prologis has a comprehensive approach to sustainability, encompassing three dimensions: environmental stewardship, social responsibility and governance. As the leading global provider of certified sustainable logistics space, Prologis has developed more than 43 million square feet (four million square meters) of facilities meeting green building standards. In addition, it has completed energy efficiency improvements in 60 percent of its global property portfolio, and installed 100 megawatts of solar panels as part of its commitment to renewable energy.
The company continues to support charitable activities in the communities where it operates through financial contributions from the Prologis Foundation, supporting employee volunteer efforts, and donating warehouse space to nonprofit organizations.
"2013 was another outstanding year for our sustainability efforts and we're pleased to be recognized by the Global 100 for the sixth consecutive year," said Steve Campbell, SVP, head of environmental, engineering and sustainability. "This honor is a testimony to our commitment to own a global portfolio of energy-efficient facilities that enable our customers to enhance operations and minimize environmental impact."
Prologis, Inc. is the leading owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia. As of September 30, 2013, Prologis owned or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects expected to total approximately 562 million square feet (52.2 million square meters) in 21 countries. The company leases modern distribution facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises.
The statements in this release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which Prologis operates, management's beliefs and assumptions made by management. Such statements involve uncertainties that could significantly impact Prologis' financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, development activity and changes in sales or contribution volume of properties, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, our ability to form new co-investment ventures and the availability of capital in existing or new co-investment ventures — are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust ("REIT") status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments in our co-investment ventures and funds, including our ability to establish new co-investment ventures and funds, (viii) risks of doing business internationally, including currency risks, (ix) environmental uncertainties, including risks of natural disasters, and (x) those additional factors discussed in reports filed with the Securities and Exchange Commission by Prologis under the heading "Risk Factors." Prologis undertakes no duty to update any forward-looking statements appearing in this release.
SOURCE Prologis, Inc.
Released January 23, 2014