Wetlands restoration is one of the ways in which we minimize the impact on the environment of our distribution parks. At ProLogis Park Chanteloup outside Paris, France, we restored 95 acres of wetlands and also developed a rainwater harvesting system to supply water for park landscaping.

At ProLogis, sustainability is a business approach that balances environmental, societal and economic objectives. We engage key stakeholders, such as customers, employees, investors and the local communities in which we operate, to solicit feedback and further our understanding of the sustainability issues that are most relevant to them.

ProLogis strives to be the leader in environmental best practices in our industry. Starting in January 2008, all of our new buildings constructed in the United States will be registered with the U.S. Green Building Council to be considered for LEED (Leadership in Energy and Environmental Design) certification. By incorporating LEED design elements, we help to extend the functional life of our buildings, ensure they perform to the highest standards of environmental construction and provide our customers with distribution facility options that further their own sustainability goals. In addition, we are developing a set of rigorous design standards that we will use to integrate similar design features around the globe, thereby meeting or exceeding local sustainable development certification programs.

We also believe in the importance of supporting the communities in which we live and work. Around the globe, ProLogis associates participate in a number of volunteer efforts including Junior Achievement, Habitat for Humanity, local childcare and school development programs, children's hospitals and food banks. In 2007, we also contributed $5 million to the ProLogis Foundation to be used to support these and other local charities and community service programs.

From an economic perspective, we are focused on sustaining our track record of industry-leading, long-term financial performance through our diversified business model, while furthering meaningful corporate governance practices and adhering to the highest ethical standards.

In April 2008, we will publish our second Sustainability Report in accordance with standards set by the Global Reporting Initiative, a non-profit organization sponsored by the United Nations Environmental Programme. To access the report and learn more about ProLogis' global sustainability initiatives, please visit www.prologis.com.