The latest ProLogis' report documents significant progress onall three fronts. Conceding that raising the report to the level offinancial reporting is important to the company's shareholders,Jack Rizzo, managing director of global development, tellsGlobeSt.com that "employees worldwide" is the company's majoraudience for the report.

|

On the environmental front, 5.7 million sf of ProLogis warehousespace under design or construction is pursuing LEED certification.Projects in the UK are catching up with 3.7 million sf completed,underway or planned for BREEAM ratings, the UK equivalent of LEED,and another 2 million sf are eligible there for equal rating. ThisJanuary ProLogis committed to develop all new warehouses in the USand UK to LEED and BREEAM standards. ProLogis will retrofit between7 million and 10 million existing sf a year in the US.

|

As for the rest of the world, Rizzo says, "a universal standardis a long way off. This year we are coming up with our ownchecklist, a kind of global checklist regarding constructionstandards for the way to score in China and Poland, forexample."

|

Regarding the investment in building to green standards, Rizzosays, "there really is no overall dollar figure. We had highperformance specifications to begin with. We were so darn close, weonly needed to assemble documents. As a long-term owner we believethe 1% to 3% invested up front will save ongoing capital."

|

Another 2008 goal is to move beyond the design and constructionprocesses "and start to work with our supply chain," says Rizzo.There are what he calls "sustainability champions" in each ProLogisoffice, "who are taking us to the next level."

|

Among the many social achievements in the latest report is the2007 completion of a Hope School in China's Guangxi area. ProLogishas pledged to fund construction of one new school in China forevery 5 million sf it develops there. Why China? "Because there issuch need," Rizzo says. "The school is not even close to wherewe're developing projects. We have an internal committee in China,working with the Chinese government to assess need and locatesites. We are developing so fast over there," he adds that threeadditional schools are slated for completion in China thisyear.

|

In China and elsewhere, employees are at the heart of the socialcomponent of the company's three-prong sustainability course. Thecompany is now establishing "social regional offices," devoted toassessing and selecting projects. Rizzo declines to put a dollarfigure on this investment and says, "most of it is driven by manhours, time spent by our employees." Another 2008 goal "is to comeup with a consistent strategy to identify causes for investmentthat will be evaluated by employees and management."

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.