Letter s  Overview   Ahead of What’s Next  Sustainable Logistics   Our Inspired People  Resilient Communities   Appendix Siting, design and construction We locate, design and build our distribution centers in a way that helps maximize efficiency and minimize impact. Green Financing Siting Prologis and our co-investment ventures in Europe, Japan, Mexico and the U.S. A distribution center’s location is a key aspect of sustainable logistics. Siting our buildings near major metropolitan have issued 29 green bonds and 12 green private placements of debt since 2018. These bonds and private placements attract environmentally conscious areas helps our customers shorten delivery routes and reduce delivery times and related emissions. The investors from around the world. sustainability benefits of smart siting cannot be overstated. We describe our approach to project permitting and In 2024, we updated our Green Financing Framework to align with the latest stakeholder engagement in Resilient Communities . global standards: The Green Bond Principles 2021, administered by the International Capital Market Association, and the Green Loan Principles 2023, Design and construction administered by the Loan Market Association. We also updated the types of We follow circular design principles (e.g., reduce, reuse, refurbish, recycle) in new construction, where feasible. We projects eligible for the use of proceeds, including the following categories: report contractor-provided waste data on our ESG data page . In some cases, we use a digital material passport to Green Buildings; Renewable Energy; Energy Efficiency; Clean Transportation; catalog materials and components used, making it easier to reuse them at the end of the building’s life. and Circular Economy and Pollution Prevention & Control. Our green financing efforts also include our global line of credit (GLOC), our We reduce embodied carbon through the use of the latest construction technologies and materials, including Yen revolver and additional sustainability linked lines of credit and term loans mass timber, flexible office walls and lower-carbon concrete and steel. We intend to increase our use of these that support the operations of the FIBRA, PELF and USLF. Our GLOC key materials and leverage our significant purchasing power to encourage innovation. See Innovation in New performance indicators include sustainably certified space and onsite solar Development for examples. generation/storage capacity. At year-end 2023, these figures were 287 MSF and 506 MW, respectively. Our design standards require that buildings be rooftop-solar ready, have LED lighting and have heat pumps Prologis is also a signatory to the UN Principles for Responsible Investment (PRI). where feasible. We complete a life cycle assessment of the GHG impacts of every new building. We aim to achieve carbon-neutral construction by 2025 through our purchase of high-quality carbon offsets. Our offset strategy is based on the principles of additionality (mitigation or removal would not otherwise have occurred); co-location (in same geographic region as our operations); and ESG co-benefits (local social and environmental benefit beyond emissions reduction). We require offsets to have been verified by Gold Standard, Voluntary Carbon Standard(VCS)/Verra, Climate Action Reserve and/or American Carbon Registry. Each of these registries has been accepted by one or more of the following third parties: ILFI, The Task Force on Scaling Voluntary Carbon Markets and/or California’s Cap and Trade program. In 2023, we retired, or utilized, offsets to account for approximately 60% of our construction-related GHG emissions. Rooftop solar installations, Prologis Park Sendai-Izumi 2, Sendai City, Miyagi, Japan. 27