ProLogis 2007 Sustainability Report
[Introduction]
[Executive Introduction]
[Mission]
[Report Guide and Stakeholder Communication]
[GRI Indicators]
[Company Overview]
[Environmental]
[Social]
[Economic]
[Global Markets]
ENVIRONMENTAL | page 8 of 19
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environmental

ProLogis is committed to continuously improving the environmental performance of our global portfolio. Through state-of-the-art design and construction, innovative customer programs, active engagement with suppliers and benchmarking our performance, we strive to be the world leader in environmental best practice in our industry.

GOALS/RESULTS
In 2006, ProLogis adopted a series of multi-year, quantifiable waste and renewable energy goals for all new development in its global portfolio to be achieved by 2010. They are as follows:

  • Utilization of 20% recycled content, based on cost, in all new warehouse developments
  • Diversion of 75% of construction debris from disposal in landfills and incinerators on all new projects
  • Installation of renewable energy sources that have a combined generation capacity of over 25 million kWh per year across the company's global property portfolio
  • Reduction of potable water usage for landscape irrigation by 50% in accordance with methodology established under the U.S. Green Building Council's (USGBC) LEED (Leadership in Energy and Environmental Design) program

ProLogis continued to make progress toward these goals during 2007. By building to BREEAM (Building Research Establishment Environmental Assessment Method) standards we will achieve the first, second and fourth of these goals on all new development in the United Kingdom, while under LEED standards, we are making progress toward these objectives. For example, in Minooka, Illinois, over 90% of the waste related to the construction of an 800,000-square-foot facility leased to Kraft Foods was diverted from landfills.

U.S. and U.K. Sustainable Warehouse Initiatives
Early in 2008, ProLogis announced two important sustainable development initiatives. We pledged to develop all new warehouses in the United States to environmental standards developed by the USGBC and to register each building with the USGBC for certification under LEED, the U.S. national standard for environmentally responsible construction. Additionally, we plan to develop all new warehouses in the United Kingdom to BREEAM standards developed by BRE Global. These initiatives impact all new development currently in the design or planning stage, as well as future projects in the United States and the United Kingdom.

In an increasing number of global markets, regulators are adopting policies that provide preferential permitting treatment for those development projects that will comply with leading environmental standards, creating an advantage for the frontrunners. Our facilities will not only provide options for our customers that are interested in furthering their own sustainability initiatives and reducing energy consumption, but we believe that as customer demand grows, these high-performance buildings will lease more quickly and generate higher rents and greater return on investment.

Presently, we have 5.7 million square feet of warehouses in the United States under design or construction for which we are pursuing LEED certification. In addition, Catellus has submitted two projects - Alameda Landing in California and Mueller in Texas - that were accepted into the USGBC's LEED Neighborhood Development pilot project. In the United Kingdom, we have 3.7 million square feet of facilities either completed, under development or in planning that have received BREEAM ratings, with another two million square feet of space that is eligible to be rated in the future.



ENVIRONMENTAL | page 8 of 19
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