Prologis

Industrial & Office REITs

PLD

$ 125 (2.4)%

Share price

$ 93 bn

Market Cap

$ 140 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0x the weighted average for S&P 500

FY2020

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Stronger than the -5.1% weighted average for S&P 500

FY2021

Prologis aims to reduce Scope 1 + 2 by 21% by 2025 from a base year 2016

2°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

FY2021

Prologis aims to reduce Scope 3 by 15% by 2025 from a base year 2016

This target is most likely outdated and the company appears to have already achieved it

2°C

GHG emissions and Carbon intensity

Prologis reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 3.8 Kt (-1 /-20.7% y-o-y).

Prologis's Scope 3 emissions tumbled to 3,760 Kt (-1,490 /-28.4% y-o-y). This is a higher rate of decline than over the period since 4Q'18 (-14.5% CAGR).

The company is committed to reducing Scope 1 + 2 by 21% by 2025 from a base year 2016, which translates into the estimated reduction of -0.34 Kt per annum over the period of FY2021 - FY2025. This science-based target is aligned with Paris Agreement to limit global warming to 2°C above pre-industrial levels.

Also, the company commits to reducing Scope 3 by 15% by 2025 from a base year 2016, which it appears to have already achieved as of 2020. This science-based target is aligned with Paris Agreement to limit global warming to 2°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	3.8	3.2	0.63	3,760
2019Q4	4.8	4.7	0.1	5,250
2018Q4	4	3.7	0.32	6,020
2017Q4	3	2.8	0.27	5,980
2016Q4	2.7	2.5	0.28	5,980