Letter s  Overview   Ahead of What’s Next  Sustainable Logistics   Our Inspired People  Resilient Communities   Appendix ESG governance ESG Governance Creates Accountability and Drives Action ESG at Prologis is not a separate program or initiative. Instead, it is integrated into our business strategy, processes and KPIs, with robust data management and By charter, our Governance and Nomination Committee multiple systems to track our performance. Integrated ESG Board of Directors oversees ESG. Other board committees oversee related issues, reduces risk, improves efficiency, differentiates our brand as appropriate. and expands revenue and talent-recruitment opportunities. It influences the way we design, build and operate distribution centers. This includes providing our customers with services, such as renewable energy, electric vehicle charging and workforce development. Our ESG Policy and Our chief energy and sustainability officer reports to our president and sits the Stakeholder Engagement section of this report provide Executive Team on our Executive Committee. Through our Investment Committee process, additional detail. we assess the ESG profile and net-zero alignment of every investment. A periodic ESG materiality assessment informs our ESG reporting and the priorities of the Global ESG team. The senior leaders who comprise our Global ESG Steering Committee provide strategic direction and guidance, ensuring our ESG efforts are aligned with business Our Global ESG Office is responsible for integrating ESG into our priorities. Please see the appendix for our most recent ESG Global ESG Office business strategy, processes and KPIs. This includes convening materiality assessment . our Global ESG Steering Committee and collaborating across In 2023, ESG performance represented 10% of our bonus departments to improve systems, policies and processes. scorecard. Environmental metrics included solar and storage installed capacity, LED lighting and sustainable building certifications. Social metrics included culture, At Prologis, ESG is everyone’s business. talent and inclusion scores, the number of new participants in our Community Workforce Initiative and employee volunteer hours in our communities. Governance metrics included third-party assessments of our corporate governance performance. Please see our latest Proxy Statement for detail on our performance in these areas. Our Global Leaders Regional ESG Leaders Prologis Employees 2024 bonus scorecard will include similar ESG metrics to and Committees 2023 and will continue to represent 10% of the scorecard. 19