On November 5, 2022, the 5th China International Import Expo (CIIE 2022) opened on a high note in Shanghai. This year’s Expo features a brand new carbon inclusion mechanism, underlining the benefits of green and low-carbon growth and the importance of green construction.
Anticipating market dynamics, Prologis leads the way in ESG
As the “zero carbon” concept gains traction, enterprises increasingly care about their contribution to society. ESG (environmental stewardship, social responsibility and governance) has become an effective measure of the sustainability and social contribution of a company.
Prologis is among the first to recognize the impact of ESG on the development of China’s logistics real estate and has a far-sighted vision of the industry’s development trend.
The leader in logistics real estate has incorporated ESG into its long-term strategy. With a long-standing focus on sustainable solutions, Prologis announced the aggressive goal of achieving net zero emissions across the entire value chain in three steps by 2040 in its recently published 2021-22 ESG Report.
“Prologis believes that thinking and investing from a long-term viewpoint can provide us with greater financial returns in the long run,” says Hamid Moghadam, Prologis chairman and CEO. “With our ESG system in place, we create significant value for communities, businesses and individuals around the world.”
Prologis shares professional ESG practices at the CIIE
On November 8, Prologis’ PR and Marketing Director for China discussed the impact of ESG on China’s logistics real estate.
Prologis stressed that companies should connect ESG efforts with their strategic priorities. What’s more, enterprises should also continuously strengthen top-level planning and integrate ESG into their lines of business.
Prologis has a wealth of experience in ESG system building and looks forward to providing a guiding framework for the industry as it works continuously to improve its approach to ESG. Prologis China has been active in introducing the logistics infrastructure standards found in Europe, America, Japan and other countries into China to improve the framework of logistics standards in the country. It has also participated in the formulation of China’s national standards, becoming the pathfinder in building an ESG system in the Chinese logistics real estate industry.
With the aim of sharing its experience as an industry pioneer, Prologis contributes to a white paper on ESG for logistics real estate
High energy costs are a major challenge for tenants. Various market players have made unremitting efforts to reduce costs while improving efficiency and sustainability.
On September 27, Prologis, Jones Lang LaSalle and other key players in the industry jointly released “Green Storage for the Future - The Impact of ESG on China’s Logistics Real Estate”. The report provides a multi-dimensional analysis of the current developments, opportunities and challenges in association with ongoing ESG work in China’s logistics real estate.
Most logistics real estate tenants have recognized the importance of ESG. However, Chinese logistics and warehousing companies are still lagging behind in ESG-related efforts. They are slow in building an ESG system. The white paper will be a useful guideline for logistics and warehousing enterprises to build their ESG systems.
Prologis has witnessed the strengthening of the Chinese logistics real estate business, which is showing a growing awareness of ESG practices. Moving forward, Prologis will continue to extend its global ESG practices to cover China. With its achievements in ESG system building, the pioneer in ESG stands ready to help more enterprises improve their ESG systems and bring to home the importance of ESG investment for logistics supply chains.