Letter s  Overview   Ahead of What’s Next  Sustainable Logistics   Our Inspired People  Resilient Communities   Appendix Driving sustainable operations Through the Prologis Essentials platform, we provide our improves our access to our customers’ utility data, which we customers with operations and energy + sustainability can use to help our customers reduce their energy use and Growth in Solar and Storage Capacity solutions. These solutions can reduce our customers’ operating costs. Approximately 35% of leases across our MW of solar and storage capacity emissions, costs and environmental impact—and can help portfolio are Clear Leases, an increase from approximately them achieve their sustainability goals. 31% at year-end 2022. At year-end 2023, we had more than 1,000 500 MW of solar and storage capacity from approximately Our work in siting, design and construction also supports 425 buildings in 16 countries. 1 That’s enough to power more customer sustainability. This includes sustainable build-to- than 85,000 typical U.S. homes. suit, building certifications and other solutions. 506 We also offer our solar and energy storage resources to 405 Energy local communities through our community solar program. 212 252 285 We build, operate and maintain rooftop solar and energy In 2023, this included projects in various stages in Illinois, storage systems to meet the needs of our customers, Maryland, New Jersey and Oregon. We also started including to reduce their GHG emissions. This includes construction in Southern California on projects that will 2019 20 21 22 23 24F 25F onsite and offsite solutions. The Prologis Clear Lease® provide 5 MW of solar generation capacity to Clean Power is critical to our work in this area. Clear Lease language Alliance, a local utility provider. protects our ability to add rooftop solar to a building. It also Solar + Storage Satisfaction A brand-new speculative building in Northern installation of two solar and two energy storage California provided an opportunity to bring in a key projects, totaling 1.75 MW and 1.11 MWh of retail customer, but the customer had one request: generating capacity and storage, respectively. that the building include onsite solar and energy storage to support their GHG reduction goals. Follow through and attention to detail were critical as we worked to expedite permitting, install Because this was a new site, the energy team at equipment and commence operation. Prologis Essentials took an innovative approach. They analyzed the customer’s energy consumption The resulting project demonstrates Prologis’ ability profile at other locations to estimate how much to integrate clean energy and deliver sustainability energy would be needed at this site. They verified solutions for our customers. this estimate with the customer and then began 1. Within our owned and managed portfolio. 24