Prologis Eindhoven Distribution Center, Eindhoven, Netherlands.
2021-22 ESG Report
Executive Summary

Every day, our teams work to make the global supply 
chain more efficient and resilient. 
Our 2021-22 ESG report describes the progress we’ve made on building greener, 
more efficient warehouses; expanding our solar program; standing up our energy and 
electric vehicle (EV) business; and training new skilled workers through our innovative 
community-based approach. We recently completed construction on our first LEED 
Platinum building in Brazil. We also have a cutting-edge distribution center project in 
the Netherlands, which was built using 30% circular or bio-based materials. 
Dear Stakeholders,
Prologis is known for aiming high in all that we do. Our ambition around reducing 
our carbon impact is no different. That’s why we’re proud to announce the following 
aggressive net zero goals:  
•	 Net zero emissions by 2040 across our value chain 
•	 Net zero emissions from our operations (scopes 1 and 2) by 2030 
•	 	Enabling our customers’ decarbonization goals by deploying 1 GW solar, supported 
by energy storage, by 2025 
Every day, our teams work tirelessly to make the global supply chain more efficient and 
resilient. We partner with our customers and other stakeholders to develop properties 
and services that deliver business value and positive impact. We’re also partnering 
with academic and industry leaders to find new ways to innovate on sustainable 
warehouse building and operations.  
Our ESG Report also details progress we’ve made on inclusion & diversity. Fully 50% 
of our workforce is women, and people of color account for 32% of our U.S. workforce, 
both of which exceed industry benchmarks. To help further our progress, last year we 
launched a new Prologis Diverse Leaders program.  
Our talented and engaged workforce make these accomplishments possible. In fact, 
in our most recent employee engagement survey, 94% of our employees said they are 
proud to work at Prologis. 
I hope you take the time to read this report to learn the many ways we are helping build 
a cleaner and more efficient supply chain. On behalf of the Prologis team, thank you 
for your support and confidence. We welcome your input, ideas and questions as we 
continue to stay ahead of what’s next. 
Sincerely,
Hamid R. Moghadam
Co-Founder, CEO and Chairman
	
2021-22 ESG Report Executive Summary
2
EXECUTIVE SUMMARY

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of 
December 31, 2021, the company owned or had investments in, on a wholly owned basis or through co-investment 
ventures, properties and development projects expected to total approximately 1.0 billion square feet (93 million square 
meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,800 customers 
principally across two major categories: business-to-business and retail/online fulfilment.
By the numbers1
$215B
assets under 
management (AUM)
2,000
employees around 
the world
2.5%
of the world’s GDP flows 
through our buildings 
each year3
9 funds
through our Strategic 
Capital business
1B SF
of space in 19 
countries
5,800
B2B and retail customers 
around the world
A-/A3
credit ratings2
#71
on the 
S&P 500 Index
U.S.
617 MSF
3,328 buildings
OTHER 
AMERICAS
67 MSF
283 buildings
EUROPE
200 MSF
843 buildings
ASIA
100 MSF
249 buildings
Prologis at a Glance
1.	 As of December 31, 2021.
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 2019 data per Oxford Economics report. 
	
2021-22 ESG Report Executive Summary
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EXECUTIVE SUMMARY

Creating Value Through ESG
We create value for our customers, communities and individuals around the world 
when we improve the resilience and efficiency of the global supply chain. Our integrated 
approach to ESG builds value for Prologis through reduced risk; increased efficiency; 
brand differentiation; and expanded revenue and talent-recruitment opportunities. 
Customers. 100% of our top 25 customers have set public ESG goals. We are uniquely 
positioned to help drive their success by building sustainably, operating efficiently and 
providing services such as EV charging and workforce development.
Investors. Our strong ESG performance helps our public shareholders and private 
capital partners integrate ESG into their investment priorities and respond to new 
regulatory requirements. In 2021, we engaged 78% of our top 100 shareholders1 on a wide 
range of ESG topics, from climate change to inclusion & diversity. 
Employees and Future Talent. Our focus on ESG makes us attractive to current and 
future talent. Recent research from Deloitte found that 49% of GenZ base their employer 
choice on ESG factors. 
Communities. We build trusted relationships that enable us to help address pressing 
community needs—from workforce training to donated logistics space.
Recent awards and recognitions
Corporate Knights. Global 100 Most Sustainable Corporations – 2022 (13th consecutive 
year and #1 ranked REIT)
Dow Jones Sustainability Indices. World Index (top 10% globally) – 2021 (Prologis and 
Nippon Prologis REIT)
Fortune. World’s Most Admired Companies – 2022 (#1 ranked real estate company) 
GRESB. Green Star recognition for all Prologis funds – 2021 (6th consecutive year) and the 
2021 Regional Sector Leader in the Americas
GlobeSt.com. Best Places to Work in Commercial Real Estate  – 2021
Green Street. A Leading REIT in Corporate Governance (19th consecutive year) – 2021
HRH The Prince of Wales – Sustainable Markets Initiative. Terra Carta Seal – 2021 
(one of only 45 companies recognized)
Institute for Market Transformation and U.S. Department of Energy’s Better 
Buildings Alliance. Green Lease Leader: Gold Level – 2021
Institutional Investor. All-America Executive Team Rankings REIT Sector – 2022 (#1 
CEO, #1 CFO, #1 IR Professional, # 1 Investor Relations, #1 ESG, and #1 Communication and 
Crisis Management during COVID-19)
ISS. ISS ESG rating of “Prime”2
MSCI. “A” Rating  
NAREIT. Industrial “Leader in Light” – 2021 (10th consecutive year) and Investor CARE 
Award (Gold) - 2022
San Francisco Business Times. Most Admired CEO Lifetime Achievement Award – 
Hamid R. Moghadam – 2021 
Sustainalytics. ESG risk rating of 8.5 out of 100 (negligible risk)3
1.	 Calculated by outstanding shares of common stock of our top 100 shareholders. Includes outreach conducted through March 2022.
2.	 Rating as of Dec. 31, 2021
3.	 Rating as of Dec. 4, 2021. Source: Sustainalytics.
	
2021-22 ESG Report Executive Summary
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EXECUTIVE SUMMARY

ESG Highlights
Our ESG approach includes four key areas of focus: We stay ahead of what’s next; deliver sustainable logistics solutions to our customers; inspire our people; and 
build resilient communities.
Net Zero Ambition
In 2022, we committed to achieve net zero 
emissions by 2040 for our entire value chain 
covering scope 1, 2 and 3 emissions.
Groundbreaking Sustainability
Our Park Moissy II DC1 building near Paris was 
built with no gas connection and relies on design 
efficiencies, rooftop solar and borehole geothermal 
energy storage for heating, cooling and power. 
Emissions Reductions
Since 2019, we have been carbon neutral for our 
scope 1 and 2 emissions, and we have decreased 
our scope 3 emissions 38% from a 2016 baseline. 
Inclusion and Employee 
Engagement
88% of our employees reported being engaged by 
their work at Prologis, and we continued to expand our 
inclusion and diversity programs with the creation of 
five new sponsored employee resource groups.
Solar Leadership
In the U.S., we are the #3 ranked corporation 
for installed onsite solar capacity and #1 for 
business-to-business. Our goal is to build 1 GW 
of solar energy capacity, supported by battery 
storage, by 2025.
Training Future Logistics Workers
In 2021, we more than doubled the number of people 
trained through our Community Workforce Initiative 
(CWI), reaching more than 13,000 people.  CWI helps build 
talent for our customers and opens up new employment 
pathways for individuals in our communities.
	
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EXECUTIVE SUMMARY

Ahead of What’s Next 
16 green bonds
issued from 2018-2021 to help fund green building 
design and innovation projects
In October 2021, approximately 4,000 people participated in 
Prologis’ inaugural Groundbreakers thought leadership event. 
The series serves as a forum for discussion of key issues facing 
the industry. Sessions covered smart transportation; the 
future of energy and workforce challenges and solutions.
5 years
of linking executive and employee compensation to ESG 
factors, including 10% of our 2022 annual bonus
$150M
invested by Prologis Ventures in nearly 40 companies 
since 2016, including ESG-related solutions
#1 REIT
on the Global 100 Most Sustainable 
Corporations ranking 
A key Prologis attribute is our intense drive to stay ahead of what’s next. We leverage the scale of our global real estate 
portfolio and our key position in the supply chain to advance leadership and ESG integration in our industry and beyond. 
which offers services and solutions that span five core 
categories: operations, energy, workforce, transportation 
and digital. Since 2016, Prologis Ventures has invested 
$150M in nearly 40 companies, including those focused 
on innovation in ESG and sustainability. Recent 
investments support technology to reduce food waste 
in grocery delivery systems; software to calculate GHG 
emissions associated with third-party shipments; and 
solutions for workforce safety and productivity. 
Defining future ESG leadership practices
We continue to advance leading ESG practices across our 
business, from integrating ESG into our financing activities 
and executive compensation to advancing transparency 
and investing in technology and data projects to better 
assess climate risk. We also actively engage on the 
development of more effective ESG measurement and 
reporting practices and standards.
Our unique business model makes us the preferred logistics 
provider for our customers. Key differentiators include:
•	 Our culture of customer centricity and expertise and 
tenure of our team 
•	 The quality and unrivaled scale of our global 
portfolio and our global land bank, which is focused on 
scarce prime locations 
•	 Our Strategic Capital, Prologis Essentials and Prologis 
Ventures businesses
•	 The integration of ESG across our business
Customer-focused development 
Our premier real estate portfolio is a foundational 
differentiator, with 4,700 properties and a global land 
bank covering the world’s top consumption markets. 
Through our development business, we can build to our 
customers’ current and future requirements and support 
their green building strategies.  2021 saw a record number 
of development project starts valued at $3.6 billion. We 
anticipate $4.5 billion to $5 billion of starts in 2022.
Differentiated investment capacity
Another important differentiator is our strategic capital 
business, through which we enable many of the world’s 
largest institutional investors to invest with us. Prologis is 
the only public logistics REIT with a significant in-house 
strategic capital business. In 2022, we anticipate our 
Strategic Capital revenue will top $1 billion.
Scalable solutions and logistics innovation
The value we create goes beyond real estate. In 2021, 
we continued to scale our Prologis Essentials platform, 
	
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EXECUTIVE SUMMARY

195MSF
sustainably certified 
space—equal to more 
than five Central Parks 
(New York City)
Net Zero
across our operations by 
2030 and our across our 
value chain by 2040 (goal)
325 MW
solar generation onsite as 
of April 30, 2022, enough to 
power +60,000 U.S. homes 
in a year
38%
reduction in scope 3 
emissions since 2016 in 
support of our Science 
Based Target
Sustainability by design
Prologis’ Park Moissy 2 DC1 is a one-million-square-foot logistics facility 
in Paris, France. Built with no gas connection, the building relies on design 
efficiencies, rooftop solar, purchased renewable energy and borehole 
geothermal energy storage for heating, cooling and power. It features 
electric and natural gas vehicle infrastructure, a rain catchment system 
for irrigation, PARKlife space and placement of beehives onsite (The 
honey is shared with the tenant.) These innovations eliminate 115,000 
mtCO2e of greenhouse gas emission and reduce operating expenses by an 
estimated $215,000 each year, depending on energy prices. 
Sustainable Logistics 
At Prologis, our approach to sustainable logistics is customer centric. This includes reducing energy use and 
emissions in both construction and operations; generating renewable energy for use in our buildings; and 
providing energy and mobility solutions such as energy storage and EV charging.
Solar energy leadership 
In the U.S., we are the #3 ranked corporation for installed 
onsite solar capacity and had 285 MW of generating 
capacity at the end of 2021. As part of our net zero goal, 
we have committed to 1 GW of solar energy capacity, 
supported by battery storage, by 2025. In 2022, we plan to 
expand our investments in EV infrastructure and expect 
to manage approximately 10 MW of EV charging capacity. 
Sustainable buildings innovation
Our portfolio includes more than 550 buildings with 
sustainable certifications from LEED and other best-in-
class certifiers. From June 2021, 100% of our development 
and redevelopment projects approved by our Investment 
Committee will achieve a sustainable certification. 
Net Zero by 2040
We have committed to achieve net zero emissions by 
2040, supported by interim targets such as achieving 
carbon neutral construction for every building we build 
by 2025. 
Customer decarbonization solutions
While we continue to take actions to reduce our scope 1 
and 2 emissions, scope 3 emissions represent 99.9% of 
our total emissions footprint—and our best opportunity 
to make an impact. This includes reducing building and 
tenant energy consumption; expanding our generation 
and use of renewable energy; making sustainable design 
choices; and supporting the transition to low/zero-
emissions vehicles. 
	
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EXECUTIVE SUMMARY

Our Inspired People
5 ERGs
created to advance inclusion 
for our African Americans, Asian 
Americans, Latinx, LGBTQIA+ 
and women employees
7,800 
hours of learning, 
development and training 
delivered in 2021
88%
of employees reported 
they are engaged by 
their work at Prologis
46%
of managerial roles 
held by women
Our employees are the foundation of our business. They implement our strategy and create value for our customers 
and shareholders. Our culture is key: Our people are committed to inclusion and diversity; they listen, question and 
commit; and they create the future.
Investing in inclusive practices 
We set clear expectations on inclusive hiring, including 
a goal that each candidate pool be 50% diverse. 
We also conduct an annual pay equity analysis that 
covers gender and people of color. We created five 
new employee resource groups in 2021. At the end of 
2021, women comprised 50% of our global workforce 
and held 46% of managerial roles. 32% of our U.S. 
workforce were people of color (up from 26% in 2016), 
and 25% of our U.S. managers were people of color. 
Health and safety 
A safe work environment is a high priority at 
Prologis. Our risk-based safety program and training 
focuses on field safety for Prologis personnel and 
construction contractors.
We recruit talented employees with varied experiences 
and viewpoints who can deliver the best solutions 
and value for our customers. To create a world-class 
employee experience, we offer competitive compensation, 
professional development opportunities, flexible work 
locations and schedules, top-tier office space and 
amenities, and industry-leading benefits. In 2021, we 
delivered approximately 7,800 hours of company-provided 
or -sponsored learning, development and training.
Employee engagement 
In our 2021 employee experience survey, 88% 
employees were engaged based on their positive 
response to the five questions that comprise our 
employee engagement driver index. Our strong 
Glassdoor scores provide additional validation: 83% of 
respondents said they would recommend Prologis to a 
friend and 99% approved of our CEO.
In 2021, we continued to advance inclusion in our own 
workforce through our High-Performance Employee 
Leadership Development Program (HIPE), a rigorous 3- to 
5-year rotational program that trains diverse team members 
in logistics real estate. We also launched our Prologis 
Diverse Leaders Program which matches women and 
under-represented minorities in mid-senior level leadership 
positions with senior leader mentors to support retention 
and progression.
	
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EXECUTIVE SUMMARY

13,000
people trained in logistics 
through our Community 
Workforce Initiative since 2018
33,000
hours our employees 
support local nonprofits 
since 2019
$226B
in direct, indirect and 
induced economic 
impact per year 
1.2M
square feet of space worth 
$5.4 million in in-kind rent 
donated to 30 charities 
through Space for Good
Resilient Communities 
Economic opportunity is the foundation of our approach to resilient communities. We work in partnership with local leaders and organizations to create jobs and job training 
programs; promote health and safety; and enhance recreational and transit infrastructure. These efforts, together with our employees’ community engagement activities, help 
create a more stable and predictable business environment for Prologis and our customers, and support social wellness and well-being in the communities we serve.
and warehouse management; and environmental 
impact. Participants completed 14,000 courses through 
our online training platform in 2021. Since 2018, we have 
trained more than 13,000 people across 17 markets and 
placed nearly 1,500 people in logistics jobs. We have 
also partnered with the Association of Supply Chain 
Management to create a new first-of-its-kind Supply 
Chain Warehousing Certificate. We also built a new 
Warehousing and Logistics Training Programme facility 
at our DIRFT UK site.
Space for Good
Through our Space for Good program, we donate 
temporary, rent-free space in unoccupied parts of our 
logistics buildings to charitable organizations providing 
disaster relief or addressing short-term community 
needs. In 2021, in response to a range of crises around 
the world, we donated 1.2 million square feet of space 
worth $5.4 million in in-kind rent to 30 charities. 
Economic impact and local value creation 
We build, own and operate logistics facilities close to 
urban centers. This shortens delivery routes and times 
and reduces emissions. Additional benefits include job 
creation; shorter commute times for logistics workers; 
reclamation and remediation of abandoned or brownfield 
sites; and even enhancement of local parks and 
transportation. An estimated $2.2 trillion in goods flows 
through our distribution centers each year, representing 
15% of global goods consumption in the 19 countries 
where we operate. The direct and indirect impact of our 
global operations adds up to 2.8 million jobs and $226 
billion per year in economic impact.1
Community Workforce Initiative
Our customers face challenges in recruitment and 
retention of logistics talent. Through CWI and in 
partnership with community organizations, we provide 
courses in areas such as equipment training; inventory 
Supporting local communities
In 2021, Prologis and the Prologis Foundation made 
$4.7 million in contributions to organizations around 
the world. In 2021, Prologis employees delivered more than 
10,700 hours to organizations serving local communities. 
In early 2022, employee donations were matched 2:1 to 
support relief efforts for Ukraine, for total donations of more 
than $750,000.
	
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EXECUTIVE SUMMARY
1.	 Based on 2019 data per Oxford Economics report.
On our annual IMPACT Day, we close our offices and encourage 
every team member to participate in a volunteer event in the 
region where they work. In May 2022, we celebrated the 10th 
anniversary of IMPACT Day with team members in 18 countries 
volunteering more than 7,900 hours on 76 projects to support 
local communities in 18 countries, including 19 projects 
supporting Habitat for Humanity.

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EXECUTIVE SUMMARY
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).
SDG
GOAL
STATUS
PROGRESS1
13
Net zero and GHG Emissions. Reduce Scope 1 and 2 GHG 21% 
from a 2016 baseline by 2025. Reduce Scope 3 GHG 15% from a 
2016 baseline by 2025 . Achieve net zero by 2040 for Scope 1, 2 
and 3 emissions.
  On track 
Reduced Scope 1 and 2 emissions 22% and Scope 3 emissions 1% from 2020 
to 2021. In June 2022, we set a net zero goal.
13
Carbon Neutral Construction. Achieve 100% carbon neutral 
construction by 2025
  On track 
Offset 20% of the estimated GHG emissions from projects that completed 
construction in 2021. Completed five LCAs in 2021 to better understand our 
opportunities to reduce our construction footprint.
7
Renewable Energy. Install 400 MW of solar capacity on our 
buildings by 2025 (Increased to 1 GW in June 2022)
  On track
285 MW by Dec 31, 2021—increased to >325 MW by April 20, 2022.
9
Building Certifications. 100% of new development/
redevelopment achieve sustainable certification
  On track
Includes projects approved in June 2021 or later. These projects will receive 
certification once built and stabilized.
9
LED Lighting. Install 100% LED lighting in all warehouse and 
office space across our portfolio by 2025
  On track
57% of the warehouse and office space across our portfolio has LED lighting
1
Community Engagement. Spend 75,000 hours supporting 
our local communities around the globe by 2025 (2019 
baseline)
  On track
Achieved 33,000 hours
8
Logistics Workforce Training. Train 25,000 people in logistics 
by 2025 (2018 baseline) through our Community Workforce 
Initiative 
  On track
Trained 13,000 people
17
Ethics. Ensure 100% of employees complete ethics training 
each year
Achieved
100% of employees completed ethics training
1.	 As of December 31, 2021.

2017
2018
2019
2020
2021
Our Business 
 
 
 
 
 
Revenue (dollars in billions)
2.62
2.80
3.33
4.44
4.76
Assets under management (dollars in billions)
78.70
86.70
118.40
148.30
215.10
Square footage of real estate portfolio (MSF)
684
768
814
984
1,000
Number of buildings (owned and managed portfolio)
3,282
3,690
3,840
4,101
4,675
Number of customers 
5,000
5,100
5,000
5,500
5,800
Global occupancy rate (%)
97.2%
97.2%
96.5%
96.2%
97.7%
Number of employees
1,606
1,617
1,713
1,945
2,053
Environment
 
 
 
 
 
Scope 1 and 2 GHG emissions (mtCO2e - market based w/ RECs)
3,046
4,045
4,842
3,841
3,011 
Scope 3 GHG emissions (mtCO2e - location based)
5,980,049
6,024,262
5,250,154
3,758,991
3,704,143
Energy consumption (MWh)
8,688
7,867
7,664
10,476
10,644 
Total renewable energy purchased or generated for our operations (MWh)
72
72
72
72
214
Onsite solar generating capacity installed (MW)
175
186
212
252
285
Area of sustainably certified space (million square feet)
98
122
148
171
195
LED lighting (% of portfolio)
14%
27%
33%
42%
57%
Social & Governance
 
 
 
 
 
Women in global workforce (%)
51%
52%
51%
50%
50%
People of color in U.S. workforce (%)
26%
27%
29%
30%
32%
People trained through Community Workforce Initiative
N/A
134
597
5,500
13,039
Employee volunteering and hours spent benefiting the community
11,200
10,543
15,266
7,111
10,776
Charitable giving (dollars in millions)
$1.6 
$2.6 
$3.1 
$11.2 
$4.7 
Employee ethics training completed (%)
100%
100%
100%
100%
100%
Employee lost time injury frequency rate (per 1 million hours worked)
2.95
0
0
0.94
1.34 
	
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EXECUTIVE SUMMARY
Performance Data
Data as of December 31, 2021.

Pictured: Prologis Park Dutra RJ, Rio de Janeiro, Brazil.
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.
About this Report
Prologis
Pier 1, Bay 1
San Francisco, CA 94111 
United States
+1 415 394 9000
www.prologis.com
Copyright © 2022 Prologis, Inc. All rights reserved.
At Prologis, we’re building a sustainable future today. Our ESG efforts create value for 
our business by driving innovation, deepening relationships, reducing our capital costs, 
expanding customer offerings and strengthening our position as an employer of choice.
This summary contains highlights of Prologis’ 2021-22 ESG Report, which was 
prepared in accordance with the Global Reporting Initiative (GRI) Standards 2021 and 
aligned with other reporting frameworks such as the Task Force on Climate-Related 
Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board 
(SASB) Standards. Lloyd’s Register Quality Assurance (LRQA) has provided limited 
assurance of this report using the AA1000 AccountAbility Principles (AA1000AP 2018).
To view or download the full report, visit www.prologis.com/esg.
Please share your ideas or suggestions for improving this executive summary by 
sending an e-mail to esg@prologis.com.