Launched by The Prince of Wales’ Sustainable Markets Initiative (SMI), the Terra Carta Seal recognizes companies that demonstrate market-changing innovation that will help “set our planet on a fundamentally more sustainable trajectory.” The award is being given to just 45 companies in the world – companies that have distinguished themselves as being leaders in sustainability innovation.
Prologis has for decades demonstrated its commitment to sustainable building practices and cutting-edge innovation and technology. The world’s largest builder and operator of logistics real estate, the company has stated its goal of achieving green certification for all new developments and redevelopments globally.
“We’re pleased to join His Royal Highness, The Prince of Wales, and the Sustainable Markets Initiative’s work to help shape a more sustainable future for all,” said Prologis co-founder and CEO Hamid R. Moghadam. “This is something we have long practiced at Prologis. It is simply doing our part to create a better, cleaner world for this generation and for generations to come.”
The Prince of Wales said: “The Terra Carta Seal recognizes those organizations which have made a serious commitment to a future that is much more sustainable, and puts Nature, People and the Planet at the heart of the economy. We all need to make changes if we are to preserve the planet for our children and grandchildren and these businesses have pledged to make it easier for us all to do so.”
A leader in green building
As part of Prologis’ efforts to reduce carbon emissions and meet its science-based targets, the company has committed to achieving 100 percent carbon-neutral construction globally by 2025 and is partnering with its customers to decarbonize their operations. Additionally, the company is on track to reach its goal of 400 megawatts of solar capacity on its buildings by 2025. The company is also an industry leader in issuing green bonds to fund investments in sustainable buildings and renewable energy projects across the globe.
Further, Prologis regularly conducts a comprehensive materiality assessment to inform its understanding of the impact of its operations on the environment, the economy and society. This assessment engages a variety of stakeholders, including employees, customers, nonprofit organizations and suppliers to capture a spectrum of internal and external viewpoints.
Read more about Prologis’ sustainability initiatives here.
Source: Prologis Press Release
Date of publication: 3 November 2021
