Letter s  Overview   Ahead of What’s Next  Sustainable Logistics   Our Inspired People  Resilient Communities   Appendix Prologis 2023-24 ESG Report I’ve said this many times, and it remains This ESG report describes our 2023 performance, outlines true: At Prologis, we focus on and invest our continuing priorities and shows where we are headed. in environmental, social and governance In the past year: b ecause it makes good business sense. − We achieved more than 500 megawatts (MW) of installed solar and energy storage capacity. More efficient buildings with features such as solar, energy − Our net-zero goal was validated by the Science Based storage and electric vehicle charging bring our customers a Targets initiative. range of benefits. These services and features also enhance − Prologis employees gave more than 16,400 hours of their the value of our real estate, a priority for our investors. All of time to community organizations. this will help us achieve net-zero greenhouse gas emissions − We announced a $3 million donation to Morehouse by 2040. College to create an endowed fund for the new Morehouse Real Estate Institute (MREI). We’re also creating social and community value through the jobs we support and from the economic value we create — These and many other highlights are a source of pride for more than 1 million people work under a Prologis roof every our people and demonstrate our continuing commitment to day. As a long-term owner, we value long-term relationships leadership — in our industry and beyond. with the people in the communities where we do business. That means we listen and respond to their feedback and Driven by our innovative employees, guided by our create programs and partnerships, such as the Morehouse customers’ priorities and aligned around a clear vision, we We set bold targets College Real Estate Institute, PARKlife and Space for Good. look forward to the future with tremendous optimism. and base our decisions Our focus on good governance goes back to our founding Thank you for your interest in – and engagement with – some 40 years ago. Our culture is a key driver, as is our Prologis. We welcome your input and ideas. on data. drive to stay ahead of what’s next. Our policies, systems and processes encourage integrity, accountability and sound Sincerely, decision-making across our company. We spend significant time and effort fostering a culture of inclusion and belonging, Hamid R. Moghadam which we believe helps us attract and retain the talent we need to implement our business plan. Finally, we set bold Hamid R. Moghadam targets and base our decisions on data. When we know Co-Founder, Chairman and CEO how our buildings are being used, we can better serve our customers. This remains a continuing area of focus. 3