Invested through |
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Asset Classes | Impact bonds |
Impact strategy | Impact Equities and Bonds |
ISIN code | XS2447550620 |
Industry group | Real estate |
Aligned with SDGs |
Prologis is the global leader in logistics real estate with a focus on high-barrier, high-growth markets – the consumption side of the global supply chain. The company owns buildings in 19 countries in North America, Latin America, Europe, and Asia. Prologis leases modern distribution facilities to a diverse base of customers across two major categories: business-to-business and retail/online fulfillment. Its strategic focus is on warehouses that are located to large urban areas where land is scarce.
Investment rationale
Prologis European Logistics Fund (PELF)'s green bond invests in green buildings, energy efficiency improvements of buildings, renewable energy and energy storage. 146 out of 567 properties are covered by a sustainable building certification. PELF committed that all new acquired buildings are energy label EPC A and all new constructed buildings are certified to a sustainable buildings label.
In total, 100% of revenues is aligned with the Resource Transition. The contribution to the Resource Transition comes from 100% of proceeds allocated to the impact objective Environmentally Sustainable Management of Living Natural Resources & Land Use.