22
23
ESG Report
Executive 
Summary

Some forty years ago, 
my partners and I had a vision for a 
sustainable business. This was before anyone 
had heard terms like “corporate responsibility” 
or “ESG.” Our idea was to build long-
term partnerships with our customers and 
communities. Our business would be based 
on mutual value creation, trust and respect. 
Our 2022-23 ESG report describes how far 
we’ve come. 
Customer centricity and net zero 
Today, Prologis has the highest-quality 
logistics real estate portfolio in the world, 
with 1.2 billion square feet in 19 countries. We 
build, own and operate modern facilities in the 
most desirable locations and are seen as a 
business partner that is continually focused on 
our customers’ needs. 
Through Prologis Essentials, a unique 
suite of solutions, we’re able to address 
customers’ pain points in operations, energy + 
sustainability, mobility and workforce. 
When we decide to take on a challenge, 
we set ambitious goals. That’s why we’ve 
committed to achieving net-zero emissions 
in our operations by 2030, and across our 
value chain by 2040. Importantly, this work 
supports our customers in their transition to 
clean energy and sustainable operations. 
An engaged local partner 
For four decades, Prologis has been a 
committed community partner. Our local 
teams work closely with local government and 
community groups in both the development 
and ongoing operation of our properties. 
They are also active in a wide variety of 
business and nonprofit organizations. 
Our commitment includes unique programs 
like our Community Workforce Initiative, 
where we provide workforce training, and 
Space for Good, where we donate logistics 
space to local nonprofits. 
Leading for the future 
Our employees are the foundation of our 
success. We challenge them, invest in 
them and help grow their skills. In return, 
they demonstrate high engagement with 
a score of 87%, according to our latest 
engagement pulse survey. Our work in 
diversity and inclusion continues to drive 
results: 49% of our global workforce are 
women, and people of color account for 
32% of our U.S. workforce. 
As we look to the future, we remain 
committed to innovation, transparency and 
leadership. We invite you to join us on this 
journey—to stay engaged and ask the tough 
questions that will push us to the next level. 
Your ideas and input will help us stay ahead 
of what’s next.
Sincerely,
Hamid R. Moghadam
Co-Founder, Chairman and CEO
2022-23 ESG Report Executive Summary
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On the cover:  
Solar installation and electric truck charging stations at Torrance Distribution Center, Torrance, California.

Prologis at a glance 
Prologis is the global leader in logistics real estate. Every day, all over the world, we help growing businesses scale their supply chains and tackle the 
obstacles of time and space. Our innovative solutions cover many aspects of the logistics value chain, addressing customer needs in operations, energy + 
sustainability, mobility and workforce. Our approximately 5,500 logistics facilities are primarily located in high-quality global and regional markets to enable 
more efficient supply chain networks. We serve 6,600 customers across two major categories: business-to-business and retail/online fulfillment.
Our global portfolio1
U.S.
782 MSF
3,803 Buildings
Other 
Americas
80 MSF
332 Buildings
Europe
240 MSF
1,087 Buildings
Asia
111 MSF
273 Buildings
By the 
numbers1
6,600
B2B and retail 
customers
$196B
assets under 
management (AUM)
2,400+
employees around 
the world
1.2 BSF
of space in 19 countries 
6,600 B2B and retail 
customers
9 funds
comprise our 
Strategic Capital 
business
A3/A
credit ratings2
#73
on the S&P 500 Index
2.8%
of the world’s GDP 
flows through our 
buildings each year3
58
net promoter 
score (a customer 
satisfaction metric)4
1.	
As of December 31, 2022.
2.	
A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
3.	
Based on 2022 data per Oxford Economics report.
4.	
Net Promoter Score (NPS) is an indicator of customer loyalty, ranging from -100 to +100. A higher score is desirable.
2022-23 ESG Report Executive Summary
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Year in Review
Record revenue
We earned a company record of $5.97 billion 
in revenue in 2022, driven by the strength of 
our portfolio and business model.
Targeted growth
We completed the acquisition of Duke Realty Corporation, 
expanding Prologis’ presence in key U.S. markets. Valued 
at approximately $23 billion, the acquisition included 
144 MSF of high-quality operating properties and 7 MSF 
under development. We also closed the 1.59-billion-euro 
acquisition of the “Urban Spaces” portfolio on behalf of 
Prologis European Logistics Fund (PELF): 128 buildings (12 
MSF) and six developments in key urban gateway locations.
Global impact
We commissioned a study by the independent 
advisory firm Oxford Economics, which found that 
$2.7 trillion in goods pass through our distribution 
centers each year. This represents 2.8% of the world's 
gross domestic product (GDP) and 4% of the GDP in 
the 19 countries where we do business.
Net zero
We increased our climate ambitions by announcing a goal 
to achieve net-zero emissions across our operations by 
2030 and across our value chain by 2040. This goal is 
aligned with the Science Based Targets initiative’s (SBTi) 
Net-Zero Standard and is supported by interim targets.
Renewable energy
By year-end 2022, we surpassed 400 megawatts 
(MW) of solar generating capacity across our portfolio 
and achieved the #2 spot for onsite solar in the U.S., 
according to the Solar Energy Industries Association.
Thought leadership
To showcase the incredible innovation taking place across 
the global supply chain, we hosted our signature thought 
leadership event, GROUNDBREAKERS, which featured 
an array of forward-thinking supply chain leaders and was 
viewed by more than 15,000 people around the globe.
Community service
Our employees donated more than 14,500 hours to 
community organizations, including more than 8,500 
hours on IMPACT Day, our annual global day of service.
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We create value for our customers, communities and individuals around the world 
when we improve the resilience and efficiency of the global supply chain. This 
includes our work to minimize construction impacts, manage buildings more efficiently 
and provide services, such as renewable energy, electric vehicle (EV) charging and 
workforce development.
Creating value through ESG
Our integrated approach to ESG includes four pillars: 
we stay ahead of what’s next; 
deliver sustainable logistics solutions to our customers; 
inspire our people; and 
build resilient communities.
Awards and recognitions
2022
S&P Global – Dow Jones 
Sustainability World Index 
(top 10% globally) –
Prologis and 
Nippon Prologis REIT
2022
Green Star recognition 
for all Prologis and all Prologis  
funds (7th consecutive year
Regional Sector Leader 
in the Americas
2022 
U.S. Green Building Council 
Leadership Award
2022 
Industrial 
“Leader in the Light” 
(11th consecutive year) 
Investor CARE Award 
(Gold) 
2021
HRH The Prince of Wales 
Terra Carta Seal
(one of only 45 
global companies)
2022
All-America Executive Team 
Rankings REIT Sector 
(#1 CEO, CFO, IR Professional, 
Investor Relations, ESG, and 
Communication and Crisis 
Management during COVID-19)
“AA” Rating1
2022
A leading REIT in 
Corporate Governance 
(20th consecutive year)
ISS Corporate 
ESG Rating of “Prime”2
2023
10 Most Sustainable REITs
1.	
As of December 7, 2022.
2.	
As of April 4, 2022.
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Ahead of what’s next
Staying ahead of what’s next is in our company’s DNA. Every day, 
we leverage the scale of our global real estate portfolio and our key 
position in the supply chain to advance innovation and demonstrate 
ESG leadership in our industry and beyond.
Our unique business model makes us the preferred logistics provider 
for our customers. Key differentiators include our culture of customer 
centricity; the expertise and tenure of our team; and the quality and 
unrivaled scale of our global portfolio and land bank.
$180M
Prologis Ventures has invested more than 
$180 M in nearly 40 companies since 2016, 
including to support ESG-related solutions.
20 years
We’ve been named a leading REIT 
in corporate governance for 20 
consecutive years (Green Street).
Top 10%
Included in Dow Jones Sustainability 
Index – World for ESG performance 
among the top 10% of companies globally.
10%
of our employee bonus 
scorecard is linked to 
quantitative ESG metrics.
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From bolts to bots: innovation in action
When the storage racking in a distribution center needs to be removed, 
standard anchor bolts can damage the concrete floors, which leads to delays 
and customer concerns. 
An idea submitted to our European Innovations Group led to the widespread 
use of a special kind of bolt called the “Hilti bolt.” Although Hilti bolts are 
more expensive, they are reusable, don’t damage floors, and are quicker to 
remove and install. 
The result? Projected cost savings of 31 million euros across our European 
portfolio, quicker move-in times and improved customer satisfaction. 
Another example of innovation comes from the world of robotics. In 2020, 
Prologis Ventures invested in Locus Robotics, a robotic automation process 
company focusing on warehouses. The idea was to make the most of every 
square foot in a distribution center through the use of robots that work with 
people, improving efficiency.
Just two years later in 2022, Locus Robotics’ technology has been adopted 
across dozens of our customers’ distribution centers and is well on its way to 
becoming the standard against which other logistics robotics technologies 
are measured.

Sustainable logistics
Our approach to sustainable logistics 
is customer-centric. We help our 
customers reduce their energy use and 
emissions—and provide them with onsite 
energy generation, energy storage and 
mobility solutions.
Prologis began installing rooftop solar in 
2007. With onsite rooftop solar and energy 
storage, we can, in many cases, meet 
100% of a customer’s onsite energy needs. 
At year-end 2022, we had more than 400 
megawatts (MW) of solar capacity across 
our portfolio, with a goal of 1 gigawatt 
(GW) of solar and storage by 2025. 
Government mandates in California, New York, 
New Jersey and other markets are creating 
pressure for our customers to transition their 
fleets to zero-emissions vehicles. By partnering 
with Mobility Essentials, our comprehensive 
mobility solutions platform, our customers can 
power their EV fleets at our logistics facilities. 
We also improve the way we operate on an 
ongoing basis. Our design standards require 
the installation of more efficient lighting 
and the electrification of onsite equipment. 
We’ve installed LED lighting across 71% of our 
operating properties, and use cool roofs to 
reduce summertime energy use.
2040
We have committed 
to achieve net-zero 
emissions in our 
operations (by 2030) 
and across our value 
chain (by 2040).
#2
Ranked #2 for onsite 
solar in the U.S., 
according to the Solar 
Energy Industries 
Association.
$9.27B
Since 2018, we’ve 
issued 27 green 
bonds worth $9.27B 
to help fund green 
building design and 
innovation.
71%
We have installed 
LED lighting across 
71% of our operating 
properties, by area.
Sustainability certifications
In 2021, we committed that every eligible1 
project approved by our investment committee 
will achieve a sustainable certification. Some 
19.41%, or 235 MSF, of our 1.2 BSF portfolio 
has received a sustainable certification. These 
certifications (from LEED, BREEAM, CASBEE, 
DGNB and WELL) drive decisions related to 
site selection, building materials, biodiversity, 
energy and water efficiency and indoor 
environmental quality.
Prologis Moissy II Distribution Center 1, Moissy, France, 
a BREEAM-certified building.
1.	
A project may receive a certification once built and stabilized. Due to customer requirements and/or the limitations of certain co-development agreements, a small number of projects are ineligible to receive a sustainable certification.
2022-23 ESG Report Executive Summary
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Our inspired people
Our employees are the foundation of our business. Every day, they 
create value for our customers and investors. They are active and 
engaged members of their local communities. They work toward 
an inclusive workplace; listen, question and commit; and innovate to 
create the future.
We create a world-class employee experience that includes 
competitive compensation and performance-based incentives; 
support for diversity, equity, inclusion and belonging (DEIB); 
challenging professional development opportunities; and best-in-class 
collaborative office space. Every permanent employee receives two 
performance reviews every year, aligned with career development.
A safe work environment, whether an office or a building and 
development site, is a high priority at Prologis. We educate employees 
and contractors about our global safety standards. We provide safety-
focused training, and we verify compliance through safety observation 
checklists, completed by Prologis project safety managers, and 
periodic third-party safety audits.
An inclusive work environment fosters innovation and allows everyone 
to do their best work. Our DEIB offerings strengthen employee 
engagement and success. These include training resources, cultural 
awareness campaigns, and celebrations of special days and months 
(e.g., Black History, Women’s History, Pride). Prologis provides 
dedicated funding and staffing resources to help our five employee 
resource groups (ERGs) cultivate a culture of inclusion. These 
groups include the Asian Leadership Network, the Black Industrial 
Leadership Network, Hispanic/Latinx Organization for Leadership 
and Advancement, Leadership Empowerment Alliance at Prologis 
(women) and the Prologis Pride Network. We measure our progress 
in building an inclusive work environment through specific questions in 
our employee engagement surveys.
87%
We achieved an 87% employee 
engagement pulse survey score.
44%
of our manager positions 
are held by women.
5 ERGs
advance inclusion for our African 
American, Asian American, 
Hispanic/Latinx, LGBTQIA+ and 
women employees.
7,400+
In 2022, more than 2,000 employees 
completed approximately 7,400 
hours of company-provided or 
company-sponsored learning and 
development training.
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Resilient communities
By improving the efficiency of local supply 
chains, we create value, drive economic 
development and build resilient communities. 
We work in partnership with local leaders 
and organizations to provide job training 
programs; promote community health 
and safety; and enhance park and transit 
infrastructure.
Our Community Workforce Initiative (CWI) 
is a digital training platform that builds a 
talent pipeline for our customers and creates 
economic opportunity in the communities 
where we do business. CWI includes courses in 
areas such as equipment training, inventory and 
warehouse management, and environmental 
impact. The Association of Supply Chain 
management has certified CWI in “logistics 
training,” the first certificate of its kind. 
Since 2018, we have trained approximately 
21,000 people and helped place more than 
3,400 of them in logistics jobs. We are on 
track to exceed our goal of training 25,000 
people by 2025.
Through our Space for Good program, 
we donate temporary, rent-free space in 
unoccupied parts of our logistics buildings to 
charitable organizations that provide disaster 
relief or address short-term community 
needs. In 2022, in response to a range 
of crises around the world, we donated 
nearly 500,000 square feet of space worth 
$2.48 million in in-kind rent to 17 charities. 
As an example, following the devastating 
earthquake that struck Turkey and Syria 
in early 2023, Prologis Spain provided a 
customer with warehouse space in Prologis 
Park Coslada to receive, classify and palletize 
goods for delivery to the disaster zone.
In 2022, Prologis and the Prologis Foundation 
made $6.5 million in contributions, and 
Prologis employees donated more than 
14,500 hours to community organizations 
around the world. In early 2022, in response 
to the invasion of Ukraine, employees 
donated approximately $250,000 to 
organizations responding to this humanitarian 
crisis. Combined with a double match from the 
Prologis Foundation, our contribution to this 
cause totaled more than $750,000.
$315B
Prologis has $315B 
in direct, indirect and 
induced economic 
impact per year.
14,500
Our employees 
donated more 
than 14,500 hours 
to community 
organizations in 2022.
$6.5M
In 2022, Prologis and 
the Prologis Foundation 
made $6.5 million 
in contributions to 
community organizations 
around the world.
21,000
We’ve trained 
21,000 people in 
logistics through 
our Community 
Workforce Initiative 
since 2018.
Economic impact
We commissioned a study by the independent advisory firm Oxford Economics in 2022, 
which describes our economic impact.
2.8%
of global GDP 
4.0%
of GDP for the 19 countries 
where we do business
24.3%
of global goods consumption 
in those 19 countries
3.5M
jobs (direct, indirect and induced); 
nearly 1.1 million people work 
under a Prologis roof each day
$315B
in economic impact (direct, 
indirect and induced) each year
$66B
in global tax impact
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Goals and progress
Our goals demonstrate our ambition, create accountability and drive alignment with our business strategy. They are influenced by our stakeholders and 
by frameworks such as the UN Sustainable Development Goals (SDGs). We increased our emissions-reduction and renewable energy goals in 2022, and 
announced a new workforce inclusion goal in 2023.
SDG
GOAL
STATUS
2022 PROGRESS
Net-zero emissions. Achieve net-zero emissions across our operations 
(2030) and value chain (2040) from a 2019 baseline. This goal is aligned 
with the Science-Based Targets initiative’s (SBTi’s) Net-Zero Standard.1
On track
Reduced2 year-over-year Scope 1 and 2 emissions 
by 53% (64% from our 2019 baseline) and Scope 3 
emissions by 6% (20% from our 2019 baseline).
Carbon Neutral Construction. Achieve 100% carbon neutral construction 
by 2025.
On track
Offset 40% of estimated construction-related 
greenhouse gas (GHG) emissions. 
Renewable energy. Install 1 gigawatt (GW) of solar capacity supported by 
storage by 2025 (800 MW solar, 200 MW storage).
On track
Achieved 405 megawatts (MW) of installed 
capacity.3
Building certifications. Achieve a sustainable certification for every eligible 
new development and redevelopment.4
On track
Achieved, or in progress of achieving, sustainable 
building certifications for 100% of eligible projects.
LED lighting. Install 100% LED lighting in all warehouse and office space 
across our portfolio by 2025.
On track
Achieved LED lighting across 71% of the 
warehouse and office space in our portfolio.5
Workforce inclusion. Achieve two DEIB certifications by 2025: 
Management Leadership for Tomorrow’s “Black Equity at Work” and 
“Hispanic Equity at Work.”
On track
Established a new goal in 2023.
Community engagement. Achieve 75,000 hours of volunteer time 
supporting our local communities around the globe by 2025 (2019 baseline).
On track
Donated more than 14,500 hours in 2022, bringing 
our total to approximately 38,000 hours donated 
since 2019.6
Logistics workforce training. Train 25,000 people in logistics by 2025 
(2018 baseline) through our Community Workforce Initiative.
On track
Trained 10,119 people in 2022, bringing the total to 
approximately 21,000 people since 2018.7
Ethics. Ensure 100% of employees complete ethics training each year.
Achieved
Ensured that 100% of our employees completed 
ethics training.
2022-23 ESG Report Executive Summary
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1.
Details of our emissions re-baseline, completed in 2022, can be found in the appendix of the full report. Validation that our current net-zero goal is aligned with SBTi’s Net Zero Standard is pending. Prior (validated) SBTi goals were: Reduce Scope 1 and 2 
GHG 21% from a 2016 baseline by 2025 and reduce Scope 3 GHG 15% from a 2016 baseline by 2025.
2.
Following the Duke acquisition, we consolidated direct operations (divested from Duke-occupied offices and sold mobile assets) and then, as required by the GHG Protocol, re-baselined GHG emissions to determine what they would have been had the 
portfolios been combined in 2019, 2020 and 2021. Our 2022 consolidation of direct operations results in a 53% year-over-year decrease (64% from our 2019 baseline) in our 2022 reported Scope 1 and 2 emissions.
3.
Within our owned and managed portfolio. Does not include properties from the Urban Spaces acquisition.
4.
A project may receive a certification once built and stabilized. Due to customer requirements and/or the limitations of certain co-development agreements, a small number of projects are ineligible to receive a sustainable certification.
5.
Within our owned and managed operating properties. Does not include properties from the Duke and Urban Spaces acquisitions.
6.
Historical data, including cumulative total, has been updated. Previously reported data included staff time to support community programs.
7.
Historical data has been updated. 2018-2019 data is not included in cumulative total. 2020-2022 data includes participants in the online program only.

Performance data
2018
2019
2020
2021
2022
Our Business
Revenue (dollars in billions)
$2.80
$3.33
$4.44
$4.76
$5.97
Assets under management (dollars in billions)
$86.70
$118.40
$148.30
$215.10
$195.81
Square footage of real estate portfolio (MSF)
768
814
984
1,001
1,213
Number of buildings (owned and managed portfolio)
3,690
3,840
4,703
4,735
5,495
Number of customers
5,100
5,000
5,500
5,800
6,600
Global occupancy rate 
97%
97%
96%
98%
98%
Global customer retention rate
76%
79%
77%
74%
78%
Number of employees
1,617
1,713
1,945
2,053
2,466
Environment
Scope 1 and 2 GHG emissions (mtCO2e—market based w/ RECs)1
4,045
10,858
10,020
8,259
3,898
Scope 3 GHG emissions (mtCO2e—location based)1
6,024,262
6,178,348
5,442,664
5,216,848
4,917,155
Energy consumption (MWh)
7,867
18,706
22,785
20,662
9,905
Total renewable energy purchased or generated for our operations (MWh)
72
72
72
214
346
Onsite solar generating capacity installed (in MW)2
186
212
252
285
405
Area of sustainably certified space (million square feet)
117
145
170
195
235
LED lighting (% of owned and managed operating properties)3	
27%
33%	
42%
57%
71%
Social & Governance
Women in global workforce
52%
51%
50%
50%
49%
People of color in U.S. workforce
27%
28%
29%
32%
32%
People trained through Community Workforce Initiative4
134
597
4,036
6,809
10,119
Employee volunteer hours5
10,625
11,872
4,428
7,324
14,557
Charitable giving (dollars in millions)
$2.60
$2.30
$8.20
$4.70
$6.48
Employee ethics training completed
100%
100%
100%
100%
100%
Employee lost time injury frequency rate (per 1 million hours worked)
—
1.10
0.94
1.34
0.68
1.	
In consultation with an independent third party, we have updated our 2019-2021 greenhouse gas emissions to reflect changes to our business 
(recent acquisitions), improvements to our emissions methodology and a new baseline year for our science-based net-zero target.
2.	
Within our owned and managed portfolio. Does not include properties from the Urban Spaces acquisition.
3.	
Within our owned and managed operating properties. Does not include properties from the Duke and Urban Spaces acquisitions.
4.	
Historical data has been updated. 2018-2019 data is not included in cumulative total. 2020-2022 data includes participants in the online program only.
5.	
Historical data has been updated. Previously reported data included staff time to support community programs.
2022-23 ESG Report Executive Summary
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About this report
2022-23 ESG Report Executive Summary
This summary contains highlights of Prologis’ 2022-23 ESG report, which was prepared in accordance with the Global Reporting Initiative (GRI) Universal 
Standards 2021 and covers the topics identified by our most recent materiality assessment. It aligns with the Sustainability Accounting Standards Board 
(SASB) 2018 Real Estate Standards and with the Task Force on Climate-related Financial Disclosures (TCFD). LRQA, Inc. has provided limited assurance 
using the AA1000 AccountAbility Principles (AA1000AP 2018). 
Please email esg@prologis.com with any questions or suggestions.
Forward-looking statements
The statements in this report that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, 
estimates and projections about the industry and markets in which we operate as well as management’s beliefs and assumptions. Such statements involve 
uncertainties that could significantly impact our financial results. Words such as ”goal,” “commits,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” and 
“estimates,” including variations of such words and similar expressions, are intended to identify such forward- looking statements, which generally are not historical in 
nature. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we 
believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be 
attained, and therefore actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. 
Please refer to the “Risk Factors” set forth in our most recent Annual Report on Form 10-K for a non-exhaustive list of factors that could cause such forward-looking 
statements to differ from actual results.
The statements in this report are not intended to expand upon or modify the regulatory disclosures of Prologis Management II S.à r.l. or of our funds as found, for 
instance, in the SFDR Annex II templates that are part of the pre-contractual documentation of said funds and which include, among others, what we define as 
environmental and/or social characteristics promoted for SFDR (EU 2019/2088) purposes. Moreover, the statements in this report apply to Prologis as a whole and 
are not specific to our Strategic Capital business or to any one fund or regulated entity.
Prologis
Pier 1, Bay 1
San Francisco, CA 94111 
United States
+1 415 394 9000
www.prologis.com
Copyright © 2023 Prologis, Inc. 
All rights reserved.
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