To this end, provisional targets have been set for 1 GW solar by 2025 and zero net for operations by 2030.

Prologis, the largest global logistics real estate investment trust, announced its commitment to achieve net zero emissions across its value chain by 2040.

The company has set several interim targets including 1 gigawatt of solar generation capacity, backed by storage, by 2025; carbon neutral construction by 2025; zero net emissions from its operations by 2030.

Prologis said it has been carbon neutral for its scope 1 and 2 emissions, or those emissions owned or controlled by a company, since 2019.

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The San Francisco-based firm mentioned that its goal for 2040 also includes scope 3 emissions, those related to the activities of a company, but outside its operational control.

Prologis said it has been investing in energy-related business lines, including electric vehicle charging and on-site solar power, adding that it currently has around 200 charging stations and 325 megawatts of rooftop solar generation capacity. .

"It has always been ambitious in our sustainability efforts, and our new goal of net zero (zero carbon footprint) is no exception," said Prologis President Hamid R. Moghadam.

"We are proud of the support we provide to our customers in achieving their sustainability goals. Prologis continues to be an industry leader in finding innovative ways to decarbonize our operations."

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Additionally, Prologis is committed to partnering with leading external groups to drive decarbonization across the industry value chain, including innovation in sustainable building materials.

"We are putting our 1 billion square foot portfolio to good use for our clients every day. These actions will allow us to meet our zero grid commitment, ten years ahead of the goal set by the Paris Agreement," said Susan Uthayakumar. , director of energy and sustainability at Prologis.

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