Prologis named most sustainable real estate firm on globe
Prologis has been named the top real estate company on the Corporate Knights "2020 Global 100 Most Sustainable Corporations in the World List", according to a press release sent to the Budapest Business Journal.
Prologis Park Budapest - Sziget
This annual ranking of corporate sustainability performance also put Prologis at number 6 among U.S. companies and number 26 overall. The announcement was made at the World Economic Forum in Davos, Switzerland.
The 2020 recognition marks Prologis’ 11h appearance on the list. According to the press release, Global 100 companies represent the top 1% in the world on sustainability performance. It is administered by Corporate Knights, a specialized media company and investment research firm that ranks publicly traded global companies based on metrics related to environmental stewardship, social responsibility, and governance (ESG).
"This recognition demonstrates our leadership not only in real estate but across a spectrum of diverse global companies," said Prologis chief legal officer and ESG head Edward S. Nekritz. "We remain steadfast about our commitment to and focus on industry-leading innovation."
Corporate Knights’ assessed 7,395 companies against global industry peers on a suite of up to 21 quantitative key performance indicators (such as greenhouse gas emissions, clean revenue, leadership diversity, and earnings) weighted to reflect each industryʼs impact profile.
Corporate Knights CEO Toby Heaps says, "The Global 100 companies show that companies that put sustainability at their core outlast and outperform the competition."
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.