Prologis

Prologis, a US-based lessor of non-residential buildings (excluding miniwarehouses), reported a total of approximately 3.83 billion kg CO2e for the year 2020. This figure encompasses Scope 1, 2, and 3 emissions.

Carbon Emissions Data:

• 2020: Total emissions were approximately 4.74 billion kg CO2e. This included Scope 1 emissions of about 6.41 million kg CO2e and Scope 2 emissions (market-based) of approximately 2.36 million kg CO2e. Scope 3 emissions accounted for the largest portion, totalling around 4.73 billion kg CO2e.
• 2021: Scope 3 emissions were approximately 4.16 billion kg CO2e. Scope 1 and 2 emissions (market-based) totalled about 7.69 million kg CO2e.
• 2022: Scope 1 emissions were approximately 4.04 million kg CO2e, Scope 2 (market-based) were about 7 million kg CO2e, and Scope 3 emissions were approximately 3.81 billion kg CO2e.
• 2023: Scope 1 emissions were approximately 5.73 million kg CO2e, Scope 2 (market-based) were about 17 million kg CO2e, and Scope 3 emissions were approximately 3.54 billion kg CO2e.
• 2024: Scope 1 emissions were approximately 5.14 million kg CO2e, Scope 2 (market-based) were about 14 million kg CO2e, and Scope 3 emissions were approximately 3.31 billion kg CO2e.
• 2025: Scope 1 emissions were approximately 5.99 million kg CO2e, Scope 2 (market-based) were about 18 million kg CO2e, Scope 3 (downstream leased assets) were approximately 2.62 billion kg CO2e, and total Scope 3 emissions were approximately 3.48 billion kg CO2e.

Climate Commitments and Reduction Targets:

Prologis has established significant climate commitments and reduction targets:

• Net Zero by 2040: Prologis is committed to achieving net-zero greenhouse gas (GHG) emissions across its value chain by 2040. This target is aligned with the Science-Based Targets initiative's (SBTi) Net-Zero standard.
• Scope 1 & 2 Reductions:
  • A near-term target to reduce absolute Scope 1 and 2 GHG emissions by 90% by 2030 from a 2019 base year.
  • A long-term commitment to maintain at least a 90% absolute reduction of Scope 1 and 2 emissions from 2030 through 2040, relative to a 2019 base year.
  • Previously, Prologis committed to reduce absolute Scope 1 and 2 GHG emissions by 21% by 2025 and 56% by 2040 from a 2016 base year.
  • In terms of achievements, Prologis reported a 99% reduction in Scope 2 emissions from their 2019 baseline by 2025.
• Scope 3 Reductions:
  • A near-term target to reduce absolute Scope 3 GHG emissions by 27.5% by 2030 from a 2019 base year.
  • A long-term commitment to reduce absolute Scope 3 GHG emissions by 90% by 2040 relative to a 2019 base year.
  • Previously, Prologis committed to reduce absolute Scope 3 GHG emissions by 15% by 2025 and 40% by 2040 from a 2016 base year.
• Embodied Emissions: Prologis has expanded its partnership with Cool Earth to account for the embodied emissions of new developments across its European operations.
• Climate Pledge: Prologis is a signatory to the Climate Pledge.