ESG Data|ESG|Nippon Prologis REIT, Inc.

Nippon Prologis REIT, Inc.ESG

ESG Data

All annual data is as of December 31, unless otherwise notes. Also, "coverage" reflects the latest year's percentage. Note that although J-REIT regulations prevent Nippon Prologis REIT, Inc. (NPR) from hiring employee-level members, this description applies to all members of the Prologis Group, including Prologis REIT Management K.K. (PLDRM). We may update past data to reflect more accurate reporting.

CERTIFICATES

Entity Unit Coverage 2019 2020 2021 2022 2023 2024 Target
Building Certification: CASBEE B+ or above(1) PLD JP % 100% 100 100 100 100 100 100 100
Ratio of Eligible Green Projects(2) NPR % 100% 88.5 97.8 98.1 98.2 98.3 97.8 95
  • Excluding Prologis Urban series.
  • Acquisition price basis.

ENERGY

Entity Unit Coverage 2019 2020 2021 2022 2023 2024 Target Target year
Energy Consumption from NPR's Portfolio - Total NPR MWh 100% 119,215 157,526 166,178 186,020 194,855 204,284 - -
Energy Consumption Intensity from NPR's Portfolio NPR MWh/m2 100% 0.0423 0.0438 0.0422 0.0440 0.0432 0.0442 - -
Total Solar Power Generation NPR MW 100% - 40.3 43.2 52.7 53.4 64.2 75 2030
LED Lighting(2) NPR % 100% - 59 75 82 89 94 100 2030
  • Coverage is based on gross floor area.
  • Net rentable area basis. The target excludes the area for cold storage.

CLIMATE CHANGE

Entity Unit Coverage 2019 2020 2021 2022 2023 2024
Greenhouse Gas (GHG) Emissions from NPR's Portfolio NPR t-CO2e 100% 58,110 73,980 71,907 68,203 72,305 76,539
GHG Emissions: Scope 1&2(2) NPR t-CO2e 100% 8,199 8,103 7,742 6,931 7,428 7,815
GHG Emissions: Scope 3(3) NPR t-CO2e 100% 49,911 65,877 64,165 61,272 64,877 68,723
GHG Emissions from NPR's Portfolio Intensity NPR t-CO2e/m2 100% 0.0206 0.0206 0.0183 0.0161 0.0160 0.0166
GHG Emissions Intensity: Scope 1&2 NPR t-CO2e/m2 100% 0.0166 0.0148 0.0130 0.0108 0.0110 0.0113
GHG Emissions Intensity: Scope 3 NPR t-CO2e/m2 100% 0.0215 0.0216 0.0192 0.0171 0.0169 0.0175
  • Coverage is based on gross floor area. Location-based until 2021. Market-based from 2022 onwards.
  • Emissions from the common areas for properties in Japan are included in our Scope 1 & 2 as opposed to the Prologis Group, reporting them in Scope 3. This is to align with standard reporting practice for J-REITs.
  • Category 13: Downstream Leased Assets.

WATER

Entity Unit Coverage 2019 2020 2021 2022 2023 2024
Water Consumption from NPR's Portfolio NPR m3 100% 276,094 375,942 380,670 385,736 390,790 410,346
Water Consumption from NPR's Portfolio: Intensity Ratio NPR m3/m2 100% 0.084 0.101 0.096 0.091 0.087 0.089
  • Coverage is based on gross floor area.

WASTE

Entity Unit Coverage 2019 2020 2021 2022 2023 2024
Waste Generated from NPR's Portfolio NPR t 97% 4,521 3,252 51,997 48,462 47,959 53,605
Waste Recycling Rate from NPR's Portfolio NPR % 97% 65.3 67.1 61.4 57.3 55.9 77.5
  • Coverage is based on gross floor area.

GREEN LEASING

Entity Unit Coverage 2019 2020 2021 2022 2023 2024 Target Target year
Green Leasing NPR % 100% 0.4 20.9 37.8 56.9 68.2 72.5 70 2026
  • Net rentable area basis.

BUSINESS CONTINUITY

Entity Unit Coverage 2019 2020 2021 2022 2023 2024 Target
Agreements with Authorities as “Evacuation Centers” PLD JP cases 100% 1 1 5 4 1 2 -
Multi-tenant Buildings with Business Continuity Features PLD JP % 100% 100 100 100 100 100 100 100

CUSTOMER RELATIONSHIPS

Entity Unit Coverage 2019 2020 2021 2022 2023 2024 Target Target year
Customer Satisfaction PLD JP % 100% - 80 81 85 81 78 80 2023
Number of Workers in Prologis Facilities in Japan PLD JP ppl 100% 18,952 18,793 18,725 19,444 21,629 24,506 - -
  • This survey is not based on the Net Promoter Score (NPS) methodology. It targets customers of properties PLD JP owns, operates and manages including NPR's properties.

HUMAN CAPITAL DEVELOPMENT

Entity Unit Coverage 2019 2020 2021 2022 2023 2024
Total Personnel Trained PLD JP ppl 100% 695 572 1,254 1,700 1,857 2,244
Total Training Hours PLD JP hours 100% 2,100 1,747 2,927 4,310 3,930 4,333
Average Training Hours PLD JP hours 100% 18 15 23 35 29 30
  • Coverage is based on Full-time Employees (FTEs) of PLD JP and PLDRM.

EMPLOYEES

Entity Unit Coverage 2019 2020 2021 2022 2023 2024 Target Target year
Number of Employees (Permanent and Temporary) PLD JP ppl 100% 120 127 133 135 136 146 - -
Number of Permanent Employees PLD JP ppl 100% 114 120 126 130 135 146 - -
Number of Permanent Employees: Men PLD JP ppl 100% 63 68 72 73 78 87 - -
Number of Permanent Employees: Women PLD JP ppl 100% 51 52 54 57 57 59 - -
Percentage of Permanent Employees: Men PLD JP % 100% 55.3 56.7 57.1 56.2 57.8 59.6 - -
Percentage of Permanent Employees: Women PLD JP % 100% 44.7 43.3 42.9 43.8 42.2 40.4 - -
Number of Temporary Employees PLD JP ppl 100% 6 7 7 5 1 0 - -
Number of Temporary Employees: Men PLD JP ppl 100% 0 0 0 0 0 0 - -
Number of Temporary Employees: Women PLD JP ppl 100% 6 7 7 5 1 0 - -
Total Workforce in Management Positions PLD JP ppl 100% 43 44 47 48 46 47 - -
Number of Management Positions: Men PLD JP ppl 100% 37 38 40 41 40 39 - -
Number of Management Positions: Women PLD JP ppl 100% 6 6 7 7 6 8 - -
Percentage of Management Positions: Men PLD JP % 100% 86.0 86.4 85.1 85.4 87.0 83.0 - -
Percentage of Management Positions: Women PLD JP % 100% 14.0 13.6 14.9 14.6 13.0 17.0 20 2027
Workforce in Director Positions PLD JP ppl 100% - - - 16 21 23 - -
Number of Director Positions: Men PLD JP ppl 100% - - - 8 12 16 - -
Number of Director Positions: Women PLD JP ppl 100% - - - 8 9 7 - -
Percentage of Director Positions: Men PLD JP % 100% - - - 50 57 70 - -
Percentage of Director Positions: Women PLD JP % 100% - - 28 50 43 30 30 2027
Number of Newly Hired Employees PLD JP ppl 100% 9 9 9 9 14 14 - -
Number of New Hires: Men PLD JP ppl 100% 5 7 6 5 8 11 - -
Number of New Hires: Women PLD JP ppl 100% 4 2 3 4 6 3 - -
Percentage of New Hires: Men PLD JP % 100% 55.6 77.8 66.7 55.6 57.1 78.6 - -
Percentage of New Hires: Women PLD JP % 100% 44.4 22.2 33.3 44.4 42.9 21.4 - -
Average Years Employed PLD JP years 100% 9.4 10.0 10.0 10.3 10.4 9.8 - -
Average Years Employed: Men PLD JP years 100% 10.3 10.1 10.4 10.6 10.7 9.6 - -
Average Years Employed: Women PLD JP years 100% 8.3 8.9 9.5 9.9 10.1 10.1 - -
Average Tenure Comparison: Men and Women PLD JP years 100% 2.0 1.2 0.8 0.7 0.6 0.5 0 2027
Turnover Rate PLD JP % 100% 3.6 2.5 2.4 3.0 3.4 3.4 - -
Employee Engagement(2) PLD JP points 100% - 78 84 75 81 79 - -
Number of Employees who Took Parental Leave PLD JP ppl 100% 2 4 4 4 5 4 - -
Number that Took Parental leave: Men PLD JP ppl 100% 0 0 2 1 2 1 - -
Number that Took Parental leave: Women PLD JP ppl 100% 2 3 3 3 3 3 - -
  • Coverage is based on FTEs of PLD JP and PLDRM.
  • Based on the annual employee engagement survey (100-point scale).

OCCUPATIONAL HEALTH

Entity Unit Coverage 2019 2020 2021 2022 2023 2024
Fatalities PLD JP cases 100% 0 0 0 0 0 0
Lost Time Injury Frequency Rate (LTIFR)(2) PLD JP LTIFR 100% 0 0 0 0 0 0
Absentee Rate PLD JP % of total days scheduled 100% 0.6 0.5 0.5 0.7 1.0 1.0
  • Coverage is based on FTEs of PLD JP and PLDRM.
  • Number of fatalities and injuries from occupational accidents per one million total working hours.

SOCIAL RESPONSIBILITY

Entity Unit Coverage 2019 2020 2021 2022 2023 2024 Target
Hours Spent Benefiting Local Communities PLD JP hours 100% 1,011 241 618 1,088 1,088 1,146 1,000
Donations(1) PLD JP JPY 100% 5,354,322 3,910,000 4,102,000 3,670,000 3,985,094 6,140,000 -
  • Including donations from Prologis Foundation Japan

CORPORATE GOVERNANCE

Entity Unit Coverage 2019 2020 2021 2022 2023 2024 Target
Board of Directors NPR ppl 100% 4 4 4 4 4 4 -
Number of Board of Directors: Independent NPR ppl 100% 3 3 3 3 3 3 -
Percentage of Board of Directors: Independent NPR % 100% 75 75 75 75 75 75 75
Number of Board of Directors: Women NPR ppl 100% 1 1 1 1 1 1 -
Percentage of Board of Directors: Women NPR % 100% 25 25 25 25 25 25 -
Attendance Rate at Board of Directors’ Meetings NPR % 100% - - 100 98 100 100 90

RISK MANAGEMENT

Entity Unit Coverage 2021 2022 2023 2024 Target
Risk Monitoring Frequency PRM cases 100% 4 4 4 4 4

COMPLIANCE

Entity Unit Coverage 2019 2020 2021 2022 2023 2024 Target
Ethics Training Completion Rate PRM % 100% 100 100 100 100 100 100 100
Breach against the Code of Ethics PRM cases 100% 0 0 0 0 0 0 -
Non-compliance: Environmental Laws(1) PRM cases 100% 0 0 0 0 0 0 -
Non-compliance: Socioeconomics(1) PRM cases 100% 0 0 0 0 0 0 -
Political Contributions PRM JPY 100% 0 0 0 0 0 0 -
Contributions to Trade Associations(2) PRM JPY 100% 5,192,267 5,398,993 5,298,833 5,286,397 5,409,728 5,514,307 -
  • Refers to cases of severe violations that result in significant fines or sanctions.
  • Expenditures to industry groups refer to membership fees paid to the Association for Real Estate Securitization (ARES) and the Investment Trust Association Japan, which this asset management company is a member of.