ESGMateriality and Commitment
to the SDGs
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NPR’s Materiality
Materiality Identified
NPR, Prologis REIT Management K.K. (PLDRM) and Prologis Japan identified nine material issues on ESG in connection with the businesses of the Prologis Group in 2021.
Materiality Assessment
In 2021, NPR, PLDRM and Prologis Japan identified material issues on ESG in connection with the businesses of the Prologis Group through the following process:
- Listing up material ESG issues (visualizing a long list)
We prepared a long list of material issues by referring to measurements of multiple ESG assessments (such as GRESB, etc.), which are highly regarded by global investors, as well as various international norms (such as Sustainable Development Goals (SDGs)) and international disclosure standards (such as GRI and SASB) which are deemed reflecting views and principles of the Prologis Group’s multi-stakeholders. - Integrating the degree of impact of listed ESG issues (preparing a middle list)
We clarified material issues, which have a high impact on the Prologis Group’s stakeholders and are related with the SDGs prioritized by both NPR and Prologis Japan, by screening the long list and identifying important themes that are commonly contained in the multiple issues within the list. - Weighting and approval (finalizing a short list)
Fully involving the senior management of PLDRM through the deliberations at the ESG Committee, we have short listed nine material issues from the previously identified middle list based on the levels of importance/essentiality of each issue. The subject short list of the nine material issues has been reviewed and approved by the Executive Committee of Prologis Japan, and KPIs linked to materiality applicable to NPR’s properties have been reviewed and approved by the Investment Committee of PLDRM and the NPR’s Board of Directors.
KPIs Associated with Materiality and Contribution to SDGs
We have set up the following KPIs for each materiality and will continue to monitor their progress. KPIs for each materiality were identified and its progress is being managed and measured. The KPIs for each materiality are aimed to contribute to the SDGs.
This table can be scrolled sideways.
| Materiality | KPIs (unit) | Progress | SDGs |
|---|---|---|---|
| Development and Investments in Green buildings |
Ratio of eligible green projects (%) Target: maintain 95% or more (acquisition price basis) |
97.9% (As of February 28, 2025) |
 |
| Sustainable Energy Use |
|
64.2MW (As of December 31, 2024) |
 |
|
94% (As of December 31, 2024) |
||
| Response to Climate Change |
Disclosure aligned with TCFD Under discussion on quantitative targets of the greenhouse gas (GHG) emission |
NPR’s GHG emission Scope 1 & 2 7,427 tCO2e Scope 3 (Category 13) 64,877 tCO2e (2023) |
 |
| Customer Engagement |
Floor area basis green lease contracts ratio of the NPR’s portfolio（%） Target: 70% or more by 2026 |
72.5% (As of December 31, 2024) |
 |
| Contribution to Local Communities |
Volunteer hours spent by the employees of PLDRM and Prologis Japan (hours) Target: 1,000 hours per year |
1,146 hours (2024) |
 |
| Fulfilling Workplaces |
|
 
|
|
|
17% | ||
|
30% | ||
|
0.5 year difference (As of December 31, 2024) |
||
| Corporate Governance |
|
75% |  |
|
100% (2024) |
||
| Risk Management (Resilience) |
Risk monitoring conducted by PLDRM (cases) Target: 4 cases or more |
4 cases (2024) |
|
| Compliance |
Ethics Training Completion Rate (%) Target: 100% completion at PLDRM |
100% (2024) |
|