Prologis Extends Green Building Leadership
Logistics real estate investor Prologis, Inc, has announced the launch of the first LEED v4 for Core and Shell Volume Program for the U.S. logistics real estate sector.
The new program includes more rigorous standards than the previous LEED Volume Program, established in 2014. Prologis was the first logistics real estate developer to participate in the earlier program.
LEED (Leadership in Energy and Environmental Design) is the most widely used green building rating system in the world and an international symbol of excellence. Under the LEED v4 for Core and Shell Volume Program, Prologis will implement measurable strategies for achieving high performance in sustainable site development, water savings, energy efficiency, materials selection and indoor environmental quality for its projects in the U.S., Latin America, Canada and Italy.
In 2008, Prologis expanded its leadership in the realm of green building by designing all new construction to certification standards where recognized sustainability rating systems were available. In 2020, the company set a target for 100 per cent of its new developments and redevelopments to achieve sustainable building certification each year (based on the number of projects). As of year-end 2019, Prologis had 143 million square feet of sustainably certified space across 397 projects in 18 countries.
Chief Legal Officer and Environmental, Social and Governance (ESG) head, Edward Nekritz, comments: "Our decades-long focus on sustainability gives us a first-mover advantage that enables us to deepen strategic relationships with customers and partners and attract and retain the industry's most talented professionals - factors that together ultimately impact our bottom line.
"The Volume Program streamlines the certification process at a substantially lower cost than would be possible with individual building assessments. Since our initial participation in the 2014 program, we have saved US $24 million when compared to the costs for non-Volume certification."
Visit https://prolo.gs/esg for a copy of Prologis' 2019 ESG Impact Report, and additional information on its ESG programs.