At FIBRA Prologis, our business practices are driven by environmental stewardship, social responsibility, and governance (ESG), which we believe not only strengthens our relationships with customers, investors, employees, but also with the communities in which we do business.
Since its inception more than three decades ago, our parent company and sponsor Prologis has been leaning on ESG practices for key business drivers. Boasting one of the strongest balance sheets in the industry, Prologis and its affiliates can go beyond the role of landlord and focus on key initiatives and innovation.
In 2018, Prologis was ranked the top U.S. company and sixth overall on the 2019 Global 100 Most Sustainable Corporations in the World list published by Corporate Knights – a brand differentiator driven by ESG. In addition, Prologis (through affiliates) was the first logistics real estate company globally to issue green bonds, tying a financial benefit to the business related to ESG progress.
After exceeding the original greenhouse gas (GHG) emissions reduction goal four years early, Prologis further demonstrated industry leadership by becoming the first logistics real estate company with an approved Science Based Target (SBT).
Prologis operates one common ESG platform across all its entities, including FIBRA, that includes ESG principles, policies, goals, and monitoring systems. We at FIBRA Prologis, engage with employees and customers to reduce energy, water, and waste across our operations and portfolio. We believe that investing in these initiatives helps to strengthen the connections between our business and local communities while allowing us to thrive where we live and work.
At FIBRA Prologis, we continue to support the global goal of 100% sustainable design through several initiatives, including expanding on our existing 21 LEED building certifications by developing infrastructure that abides by the sustainable building standards and/or includes sustainable design features that are appropriate and in line with customer specifications.
Our employees are regularly trained on our Code of Ethics and Business Conduct, information security, global fraud prevention, Global Anti-Corruption and the Foreign Corrupt Practices Act. In addition to the trainings, we also prioritize the physical safety of our employees and customers. This ensures good governance and resiliency across the FIBRA Prologis business, employee base, and portfolio.
In May 2018, our group in Mexico teamed up with global Prologis employees to engage in the Sixth Annual IMPACT Day, our global day of service where we give back to the communities where we live and work. In addition, we sponsor and participate in several charitable events, such as the Annual Prologis Race, a 5- and 10-kilometer race sponsored by Prologis to raise funds toward the construction of a clinic in Tepotzotlán and for Ecological Xochitla Park.
We believe safety is a foundation of our work and we have taken certain measures and implemented new safety features that prioritize the well-being of our employees and customers. For example, in 2018 we installed nearly 600 preventative fall safety devices for skylights to further protect those that work with us.
Our future-focused approach to ESG not only enables us to be resilient in a dynamic world, but also demonstrates leadership across the global business community.
FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico managed by Prologis Property México, S.A. de C.V., a subsidiary of Prologis.
We are committed to demonstrating alignment on matters such as climate change, which are important to our customers, employees, investors and communities. In 2018, we became the first logistics real estate company with an approved Science Based Target (SBT) to reduce greenhouse gas (GHG) emissions. In our innovation center, Prologis Labs, we partner with our customers to test cutting-edge technologies. These new technologies, such as motion sensors and smart meters, improve the operating efficiency of our buildings while advancing our progress toward meeting our SBTs.
