Letter s  Overview   Ahead of What’s Next  Sustainable Logistics   Our Inspired People  Resilient Communities   Appendix ESG materiality assessment In early 2024, we completed an ESG materiality assessment to identify key issues, TOPIC REPORT SECTION(S) risks and opportunities that might impact our business and our stakeholders. We Climate change and GHG emissions Net zero , Climate strategy used an AI-driven platform to analyze real estate industry-level data and regulations, applying Prologis-specific filters for geography, customers, suppliers and investors. Renewable energy and energy management Driving sustainable logistics We evaluated the initial ranking of issues, which consisted of separate numerical Data governance and information security What makes us different ; Governance and ethics scores for impacts on our business (outside-in) and stakeholders and the environment Business model resilience What makes us different (inside-out), making adjustments based on our knowledge of the current logistics real Employee diversity and inclusion Diversity, equity, inclusion and belonging estate business environment and our business model. The final list of material ESG Governance and ethics Governance and ethics topics, in order of importance, has been reviewed and approved by our Global ESG Steering Committee. Employee health and safety Employee health and safety Innovation and technology What makes us different Sustainable buildings Driving sustainable logistics ; Siting, design and construction Stakeholder engagement Stakeholder engagement Talent management Our inspired people Waste and water management and circularity Siting, design and construction Supply chain responsibility Supply chain responsibility Ecological Impacts Siting, design and construction Local social and economic impact Resilient communities Management of the legal and regulatory Governance and ethics ; Stakeholder engagement environment 48