NPR and the Prologis Group have demonstrated healthy growth of businesses in Japan, while continuing to successfully maximize NPR’s investor value. At the same time, we have been able to maintain a strong focus on our company’s values and priorities, including our long-standing commitment to excellence in Environmental, Social and Governance (ESG) performance.

In line with our commitment “to manage modern and efficient distribution facilities by building long-term relationships and supporting our customers, communities, consumer/end users, investors, and other stakeholders,” we have been successful in building a sustainable future that creates value for all of our stakeholders.

Over the past four decades, Prologis has embedded ESG practices across our business. In Japan, Prologis has invented what is now the standard for Japanese modern logistics facilities, with a variety of environmental and worker-friendly features. We continue to showcase creativity and innovation by introducing new technologies to make our buildings more sustainable, while promoting the health and well-being of our customers. In addition, Prologis and NPR have each independently committed to achieving net zero emissions across their global value chains by 2040.

On a social side, contribution to our local communities has also been at the forefront of our efforts and we have been engaged in across a number of initiatives that support multiple charitable causes. Also, through in depth collaborative efforts with our customers to solve their operational bottleneck problems, we aim to contribute to the advancement of the entire Japanese logistics industry that is an essential component of the fundamentals of the nation’s macroeconomy. Furthermore, we continue to implement strong corporate governance across both NPR and Prologis, ensuring accountability and transparency.

In addition, we identified nine essential and material ESG issues (Materiality) in connection with the business elements of NPR and we are monitoring progress on corresponding KPIs directly linked with such Materiality. After achieving our original KPIs ahead of schedule, we have set further ambitious new targets, aiming to implement more impactful ESG initiatives for the betterment of our society.

We are proud to be recognized for our performance and accomplishments in connection with our ESG initiatives. In the 2024 GRESB Real Estate Assessment, NPR received a prestigious “5 Stars” rating and ranked first among the 47 participants in the listed logistics real estate sector.

Going forward, NPR and the Prologis Group will continue to commit to ESG to realize our long-term vision. I sincerely wish that this website will help you understand our strong passion and commitment towards building a sustainable future.

Sincerely,

April 2025