Letter s  Overview   Ahead of What’s Next  Sustainable Logistics   Our Inspired People  Resilient Communities   Appendix Stakeholder engagement We are more effective when we incorporate ideas and input from our stakeholders. The social impact section of our ESG Policy describes our approach. We engage with our employees through webinars, intranet storytelling and interactive town hall meetings. We aim to create a people-first culture that prioritizes well-being and connects Prologis employees around the world in an authentic, fun and human way. During project planning and development, we work closely with city staff to align our projects with applicable ordinances, regulations and guidelines. As appropriate, we engage with community members to learn about community needs and find ways to help address them. Depending on the project, this can include face-to-face meetings, presentations and community workshops. We also participate in community organizations and volunteer with local Laying the Groundwork: Community Engagement Done Right nonprofits in the communities where we do business. As a long-term owner, Prologis is part of the fabric of the community. We recognize that community We work closely with policymakers to strengthen the supply chain, improve sustainability and engagement is most successful when it is consistent and authentic. advance our core business objectives. This includes working to advance positive economic The Prologis team in Japan provides a good example of this approach. They reach out to the full range development, smart land use planning, rooftop solar, battery storage and mobility policy. of stakeholders, including local residents, landowners, government agencies, neighboring companies, customers and warehouse workers. Their engagement is consistent, often beginning years prior to land acquisition, and continues through entitlement (permitting) and on to construction and operation. In December 2023, our senior leaders provided an in-depth view of Prologis’ market position to Community engagement in Japan takes many forms, allowing each stakeholder many different more than 1,000 investors and analysts during our Investor Forum in New York City. From May opportunities to learn about a project and share their ideas. These include town hall meetings, 2023 to March 2024, we engaged with shareholders representing 71% 1 of the shares held by property tours, individual meetings with elected leaders, urban planning meetings, participation in our 100 largest shareholders, or 56% of total outstanding shares. In response to their feedback local and regional economic councils, hosting or sponsoring local events, warehouse tours for local over the years, we have made enhancements to our executive compensation and corporate elementary students and disaster response demonstrations and trainings. As one example, the Japan governance. For more detail, please see our most recent Proxy Statement . team put together a contest for local children to design the artwork that will be displayed on the side of the Prologis shuttle bus. During warehouse operation, the Japan team works to create community value, including by running job training programs; conducting emergency response drills; maintaining PARKlife spaces; and even operating public convenience stores and dining spaces. The outcome, in most cases, is that local stakeholders see the benefit of having a Prologis warehouse nearby—and Prologis and Prologis customers enjoy a positive and productive relationship with the local community. 1. Calculated by outstanding shares of common stock of our top 100 stockholders. Our top 100 stockholders hold 79% of our outstanding shares. 38