Letter s  Overview   Ahead of What’s Next  Sustainable Logistics   Our Inspired People  Resilient Communities   Appendix LRQA Independent Assurance Statement Table 1. Summary of Prologis’ GHG Emissions Data for CY 2023 Table 3.2 CY 2023 ESG Metrics by Entity and Funds Relating to Prologis’ Greenhouse Gas Emissions and Environmental, Social & Scope of GHG emissions Tonnes CO2e Funds and Entity Governance Metrics for the 2023 Calendar Year Scope 1 Direct GHG Emissions 6,063 Data Parameter PLD FIBRA NPR PBLV PCCLF PELF PELP USLF USLV Energy indirect GHG emissions (Location-based) 2,239 Onsite installed solar capacity 506 1 59 0.1 3 150 39 44 31 Scope 21 supported by storage (MW)1 This Assurance Statement has been prepared for Prologis, L.P. in accordance with our contract. Energy indirect electricity GHG emissions (Market-based) 0 Percentage of LED lighting 74% 81% 89% 77% 72% 81% 83% 66% 68% Energy indirect total GHG emissions (Market-based) 17 installed by area LRQA was commissioned by Prologis, L.P. (Prologis) to provide independent assurance of its greenhouse gas (GHG) Category 1 Purchased goods and services 202,491 Percentage of owned and 23% 85% 92% 70% 15% 36% 20% 10% 5% emissions inventory and its environmental, social and governance (ESG) metrics (“the Report”) for the Calendar Year Category 2 Capital goods 973,765 managed portfolio sustainability 2023 against the assurance criteria below to a limited level of assurance using LRQA’s verification procedure and ISO Category 3: Fuel and Energy Related Activities 1,941 certified by area 14064 - Part 3 for greenhouse gas emissions data. LRQA’s verification procedure is based on current best practise and is Note 1: Capacity in megawatts (MW) is expressed in terms of the peak capacity of the installed solar energy systems. in accordance with ISAE 3000 and ISAE 3410. Scope 3 Category 6: Business Travel 5,630 Category 7: Employee Commuting 2,921 LRQA’s Approach Our assurance engagement covered Prologis corporate operations and activities worldwide and specifically the Category 8 Upstream leased assets 57 LRQA’s assurance engagements are carried out in accordance with our verification procedure. The following tasks were following requirements: undertaken as part of the evidence gathering process for this assurance engagement: • Verifying conformance with: Category 13 Downstream leased assets2 2,664,938 • interviewing relevant employees of the organization responsible for managing GHG emissions and ESG data and • Prologis’ reporting methodologies for the selected datasets Category 15: Investments 2,752 records; • Corporate offices and GHG emissions from Prologis’ wholly-owned subsidiaries, Nippon Prologis Note 1: Scope 2 Location-based and Scope 2 Market-based are defined in the WRI/WBCSD GHG Protocol Scope 2 Guidance, 2015. • reviewing Prologis’ systems for collecting, recording and reporting data; Note 2: Scope 3 Category 13 includes all energy for Prologis tenant portfolio buildings. Properties from the following funds were included in the verification REIT and FIBRA Prologis, are included in the total emissions and also listed separately for CDP activities of Scope 3 Downstream Leased Assets: FIBRA Prologis (FIBRA); Nippon Prologis REIT, Inc. (NPR); PBLV; PCCLF; PELF; PELP; USLF; and USLV. • verifying direct and indirect GHG emissions and ESG data and records at an aggregated level for the calendar year reporting purposes. 2023; and • World Resources Institute / World Business Council for Sustainable Development Greenhouse Gas Table 2. REIT GHG Emissions Inventory for CY 2023 • reviewing Prologis’ Base Year recalculation policy and confirming that recalculation is not required at this time. Protocol: A corporate accounting and reporting standard, revised edition (otherwise referred to as the Scope of GHG emissions Tonnes CO2e WRI/WBCSD GHG Protocol) for the GHG data1. 1 Nippon Prologis REIT LRQA’s Standards, Competence and Independence • Evaluating the accuracy and reliability of data and information for only the selected indicators listed below: Scope 1 Nippon Prologis REIT Direct GHG Emissions 2 LRQA implements and maintains a comprehensive management system that meets accreditation requirements for ISO • Direct (Scope 1), Energy Indirect (Scope 2) and Other Indirect (Scope 3) GHG emissions; 2 14065 Greenhouse gases – Requirements for greenhouse gas validation and verification bodies for use in accreditation ▪ Scope 3 GHG emissions verified by LRQA only include Purchased Goods and Services, Capital Scope 2 Nippon Prologis REIT Energy Indirect GHG emissions (Location-based) 14 or other forms of recognition and ISO/IEC 17021 Conformity assessment – Requirements for bodies providing audit and 2 Goods, Fuel and Energy Related Activities, Business Travel, Employee Commuting, Upstream Nippon Prologis REIT Energy Indirect total GHG emissions (Market-based) 0 certification of management systems that are at least as demanding as the requirements of the International Standard Leased Assets, Downstream Leased Assets and Investments. FIBRA Prologis1 on Quality Control 1 and comply with the Code of Ethics for Professional Accountants issued by the International Ethics ▪ Properties from the following funds were included in the verification activities of Scope 3 Scope 1 FIBRA Prologis Direct Emissions 303 Standards Board for Accountants. Downstream Leased Assets: FIBRA Prologis (FIBRA); Nippon Prologis REIT, Inc. (NPR); PBLV; PCCLF; 2 PELF; PELP; USLF; and USLV. Scope 2 FIBRA Prologis Energy Indirect GHG emissions (Location-based) 188 LRQA ensures the selection of appropriately qualified individuals based on their qualifications, training and experience. 2 • ESG metrics including: FIBRA Prologis Energy Indirect total GHG emissions (Market-based) 0 The outcome of all verification and certification assessments is then internally reviewed by senior management to ▪ Site solar capacity, percentage of LED lighting installed by area, percentage of new developments Note 1: Nippon Prologis REIT (NPR) and FIBRA Prologis GHG emissions are included in the total Prologis emissions in Table 1 and are also listed separately in Table ensure that the approach applied is rigorous and transparent. that are sustainability certified or in the process of being certified (by building count), percentage 2 for CDP reporting purposes. Emissions for NPR only include those associated with Prologis REIT Management K.K. (PLDRM), NPR's Asset Manager as specified on of owned and managed portfolio (by area) that is sustainability certified, number of people NPR's Corporate Governance webpage. Scope 1 and 2 data reflects emissions from Prologis Mexico’s operations that are under FIBRA's operational control. Note 2: Scope 2, Location-based and Scope 2, Market-based are defined in the WRI/WBCSD GHG Protocol Scope 2 Guidance, 2015 trained through the Community Workforce Initiative since CY 2020, number of volunteer hours Signed Dated: May 25, 2024 since CY 2019, percentage of women in workforce and in senior leadership (globally), percentage Table 3.1 CY 2023 ESG Metrics of people of color in workforce and in senior leadership (U.S. only). Data Parameter Value Percentage of new developments that are sustainability certified or in the process of 96% LRQA’s responsibility is only to Prologis. LRQA disclaims any liability or responsibility to others as explained in the end being certified (by building count) Joycelyn Swamidoss footnote. Prologis’ responsibility is for collecting, aggregating, analysing and presenting all the data and information Number of people trained through the Community Workforce Initiative since CY 2020 29,724 LRQA Lead Verifier within the Report and for maintaining effective internal controls over the systems from which the Report is derived. Number of volunteer hours since CY 2019 54,587 On behalf of LRQA, Inc. Ultimately, the Report has been approved by, and remains the responsibility of Prologis. Percentage of women in workforce (globally) 50% 810 Seventh Avenue, Suite 1110, NY 10019 LRQA’s Opinion Percentage of women in senior leadership (globally) 23% LRQA reference: UQA00000496/6751384 Based on LRQA’s approach, nothing has come to our attention that would cause us to believe that Prologis has not, in Percentage of people of color in workforce (U.S. only) 34% LRQA Group Limited, its affiliates and subsidiaries, and their respective officers, employees or agents are, individually and collectively, referred to in all material respects: Percentage of people of color in senior leadership (U.S. only) 15% this clause as 'LRQA'. LRQA assumes no responsibility and shall not be liable to any person for any loss, damage or expense caused by reliance on the • Met the requirements of the criteria listed above; and information or advice in this document or howsoever provided, unless that person has signed a contract with the relevant LRQA entity for the • Disclosed accurate and reliable performance data and information as summarized in Table 1 below. provision of this information or advice and in that case any responsibility or liability is exclusively on the terms and conditions set out in that contract. 2 Note: The extent of evidence-gathering for a limited assurance engagement is less than for a reasonable assurance engagement. The English version of this Assurance Statement is the only valid version. LRQA assumes no responsibility for versions translated into other languages. The opinion expressed is formed on the basis of a limited level of assurance2 and at the materiality of the professional Limited assurance engagements focus on aggregated data rather than physically checking source data at sites. Consequently, the This Assurance Statement is only valid when published with the Report to which it refers. It may only be reproduced in its entirety. judgement of the verifier. level of assurance obtained in a limited assurance engagement is lower than the assurance that would have been obtained had a Copyright © LRQA, 2024. reasonable assurance engagement been performed. 1 http://www.ghgprotocol.org/ . . . Page 1 of 3 Page 2 of 3 Page 3 of 3 47