ESG Is in Our DNA
Materiality and Commitment to the SDGs
NPR, Prologis REIT Management K.K. (PLDRM) and Prologis Japan identified nine material issues on ESG in connection with the businesses of the Prologis Group in 2021.
KPIs Associated with Materiality and Contribution to the SDGs
We have set up the following KPIs for each materiality and will continue to monitor their progress.
| Materiality | KPIs (unit) | Progress | SDGs |
|---|---|---|---|
| Development and Investments in Green Buildings |
Ratio of eligible green projects (%) Target: maintain 95% or more (acquisition price basis) |
98.2% (As of December 31, 2022) |
 |
| Sustainable Energy Use |
|
52.7MW (As of December 31, 2022) |
 |
|
82% (As of December 31, 2022) |
||
| Response to Climate Change | Disclosure aligned with TCFD Under discussion on quantitative targets of the greenhouse gas (GHG) emission |
NPR’s GHG emission Scope 1 & 2 7,966 tCO2e Scope 3 (Category 13) 64,881 tCO2e (2021) |
 |
| Customer Engagement | Ratio of green lease contracts Target: 70% or more by 2026 (floor area basis) |
57% (As of December 31, 2022) |
 |
| Contribution to Local Communities |
Volunteer hours spent by the employees of PLDRM and Prologis Japan (hours) Target: 1,000 hours per year |
1,088 hours (2022) |
 |
| Fulfilling Workplaces |
|
14% |   |
|
47% | ||
|
1 year's difference (As of December 31, 2022) |
||
| Sustainable Energy Use |
|
75% |  |
|
100% (2022) |
||
| Risk Management (Resilience) | Risk monitoring conducted by PLDRM (cases) Target: 4 cases or more |
4 cases (2022) |
|
| Compliance | Ethics training completion rate (%) Target: 100% completion at PLDRM |
100% (2022) |
|
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Awards and Recognition
Environmental Stewardship
We understand that the logistics real estate industry has a meaningful impact on the environment and can make a significant and lasting contribution to a more sustainable global distribution system.
-
Sustainable Building
Certified Buildings -
Properties
with
Solar Power Facilities -
Official Supporter
- Note: As of December 31, 2022
ESG Finance Award Japan
NPR received the “Silver Prize” of the “2022 ESG Finance Awards Japan” from the Minister of Environment for the achievement of the green equity offering, which NPR conducted in February 2021 for the first time as a J-REIT.
Response to TCFD
Prologis REIT Management K.K. (PLDRM), NPR’s Asset Manager, identified the risks and opportunities related to climate change by conducting scenario analyses of 1.5 degrees Celsius and 4.0 degrees Celsius. It also assessed probabilities and financial impact of the subject risks and opportunities and formulate potential action plans.
Please visit our website for latest information
Please visit our website for latest information
Social Responsibility
Prologis’ commitment to social responsibility extends to all our stakeholders, including employees, customers, communities, suppliers and investors. In conjunction with the entire corporate strategy, Prologis strives to be a good neighbor and to strengthen the communities where we work and live. Prologis’ employees demonstrate their personal commitment by putting time and resources into charitable organizations that promote education, the environment and human welfare. Prologis’ commitment to benefitting local communities is aligned with the SDGs 8 (decent work and economic growth).
-
%
Customer Satisfaction*2
-
POINTS
Employee Engagement*3
-
%
Women in Leadership Positions
at PLDRM
- Notes: 1 As of December 31, 2021
2 This survey is not based on the NPS methodology.
3 Based on the annual employee engagement survey. The score is calculated with a perfect score of 100 points.
Business Continuity in Our Operations
Prologis’ commitment to sustainability is equally strong for our own operations. Particularly, Prologis Japan had a business continuity plan (BCP) in place long before the earthquake and tsunami of 2011, in light of the fact that Japan is located in one of the most earthquake-prone regions in the world, experiencing more than 1,000 seismic events each year. To ensure safety for our customers, protect our properties and goods stored, and assist our customers in their business continuity we have implemented a variety of earthquake mitigation features and services in our buildings. These include anti-seismic, vibration control and seismic isolation techniques, and we continue to develop buildings with seismic isolation systems. Moreover, Prologis’ BCP also addresses the “human” side of surviving a natural disaster, providing food, water, blankets and communication for both customers and Prologis’ employees who may be stranded in the building for several days. Prologis is also partnering with the respective local governments in providing some of our buildings as emergency evacuation centers in the occurrence of natural disasters.
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Ethics and Governance
In accordance with the “Act on Investment Trusts and Investment Corporations (ITA)” of Japan, NPR is incorporated as a Japanese real estate investment trust, or a J-REIT, and governed by unit holders’ meetings and a Board of Directors who represent the interests of our unit holders. Pursuant to the ITA, J-REITs are not permitted to have any employees and are required to outsource all asset management operations. NPR has entered into an asset management agreement with PLDRM, the Asset Manager, a joint stock company incorporated under Japanese law. Also, under ITA, J-REITs’ corporate activities are required to be audited by designated third-party accountants.
Organizational Chart of NPR
Organizational Chart of PLDRM
