Letter s  Overview   Ahead of What’s Next  Sustainable Logistics   Our Inspired People  Resilient Communities   Appendix Climate strategy As the global leader in logistics real estate, our climate strategy is to site, develop and operate our buildings with efficiency in mind. We create additional emissions reductions through our operations and energy + sustainability solutions. Our goal to achieve net-zero emissions by 2040 demonstrates our ambition. This goal includes Scopes 1, 2 and 3 emissions and has been validated by the Science Based Targets initiative. Collaborating on Climate Our path to net zero includes tackling some big challenges. MIT’s Climate & Sustainability Consortium Climate Group’s EV100+ and RE100 are Innovation and collaboration will be key. In 2023, our is an academic and industry group industry groups working to accelerate development teams piloted a range of solutions, including the working to develop and implement large- the industry’s transition to zero-emission use of recyclable modular building materials, mass timber and scale climate solutions, including in medium- and heavy-duty vehicles and stronger lower-carbon concrete. And by collaborating with transportation, value chain resilience and increase the use of renewable energy. industry and academic organizations, we can accelerate our low-carbon building materials. industry’s progress and ramp up our impact: The Climate Pledge is a cross-sector ZEROGrid Initiative is building a new community launched by Prologis’ customer framework to accelerate the transition to Amazon to develop and implement a reliable and affordable zero-emissions decarbonization strategies and measure electric grid. and report on results. 22