Prologis

Industrial & Office REITs

PLD

$ 130 1.4

Share price

$ 120 bn

Market Cap

$ 149 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0x the weighted average for S&P 500

FY2021

Primary Climate Goal

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

In line with the -6.6% weighted average for S&P 500

FY2022

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)

FY2022

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This target is most likely outdated and the company appears to have already achieved it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 2021 at 3 Kt (-0.83 /-21.6% y-o-y).

Prologis's Scope 3 emissions was down at 3,704 Kt (-55 /-1.5% y-o-y). The rate of decline has slowed vs. the previous periods (CAGR -11.4% since 4Q'18).

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 -0.21 Kt per annum over the period of FY2022 - 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 2021. 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)
2021Q4	3	2.5	0.54	3,704
2020Q4	3.8	3.2	0.63	3,759
2019Q4	4.8	4.7	0.1	5,250
2018Q4	4	3.7	0.32	6,024
2017Q4	3	2.8	0.27	5,980
2016Q4	2.7	2.5	0.28	5,980