FIBRA Prologis: Leading the Sustainable Agenda towards Net Zero Emissions by 2040

During the second quarter of 2023, FIBRA Prologis, a real estate investment trust, achieved significant milestones in its commitment to sustainability and Environmental, Social, and Governance (ESG) projects in Mexico. The trust certified over 446,000 square meters of industrial properties with the International Building Owners and Managers Association (BOMA) and the U.S. Green Building Council (USGBC).

As of the end of 2022, FIBRA Prologis had already reported 71 BOMA-certified properties, covering nearly 1.7 million square meters, which accounts for 42% of its portfolio. Additionally, the trust reported 38 properties certified by the USGBC, representing approximately 1.1 million square meters or 28% of its portfolio.

Among the recently certified properties is Prologis Park El Florido - Florido #2, a 28,300 square meters industrial facility in Tijuana. On June 15, 2023, this property achieved LEED Silver certification for its outstanding environmental performance during its design and construction phase, as confirmed by data from USGBC analyzed by SiiLA.

With these recent certifications, FIBRA Prologis is making significant strides towards certifying 100% of its operational portfolio by 2025, based on the trust's net leasable area as of December 31, 2021.

Environmental Commitments for 2025-2040

Over the next two years, FIBRA Prologis has set several sustainable objectives, including generating one gigawatt of solar energy, developing carbon-neutral constructions, and implementing LED lighting in all its properties.

To achieve these targets, FIBRA Prologis benefits from the support of its sponsor Prologis, which has invested in energy assets, such as infrastructure for electric vehicle charging and sustainable electricity generation through solar cells.

Looking ahead to 2040, the trust has set an ambitious target for all its operations to have net-zero carbon emissions under Scopes 1 (direct emissions), 2 (indirect emissions), and 3 (indirect emissions from the value chain). This objective is closely tied to one of its ASG projects aimed at providing logistics training to its personnel. Moreover, FIBRA Prologis is committed to forming strategic alliances with other companies to drive decarbonization in the real estate sector's value chain and promote sustainable construction materials.

Currently, around 70% of FIBRA Prologis' portfolio boasts sustainability certifications and/or features, according to data from the trust and SiiLA FIBRA Analytics. As of June 30, 2023, FIBRA Prologis reported 228 strategically located properties for logistics and manufacturing purposes across six industrial markets in Mexico, covering an approximate gross leasable area of 4.1 million square meters.