April 30, 2007

ProLogis Releases Sustainability Report

ProLogis, owner, manager and developer of distribution facilities, has released its first sustainability report. The company says it’s the first U.S. real estate company to issue a sustainability report under GRI standards. The report will be updated annually and made available as a companion document to the company’s annual report to shareholders.

The new report sets out environmental performance targets for the company over the next four years. The targets include:

• Utilization of 20 percent recycled construction materials, based on cost, at all new distribution centers by 2010;
• Diversion of 75 percent of construction debris from disposal in landfills or incinerators by 2010;
• A 50 percent reduction in the use of potable water in landscape irrigation at all new developments by 2010;
• Installation of renewable energy sources with combined generation capacity of more than 25 million KWh per year by 2010;   
• Achievement of “carbon neutral” business operations in the U.S. between 2006 and 2010 through a combination of organic reductions and offset procurement. 

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