The latest ProLogis' report documents significant progress on all three fronts. Conceding that raising the report to the level of financial reporting is important to the company's shareholders, Jack Rizzo, managing director of global development, tells GlobeSt.com that "employees worldwide" is the company's major audience for the report.
On the environmental front, 5.7 million sf of ProLogis warehouse space 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. This January ProLogis committed to develop all new warehouses in the US and UK to LEED and BREEAM standards. ProLogis will retrofit between 7 million and 10 million existing sf a year in the US.
As for the rest of the world, Rizzo says, "a universal standard is a long way off. This year we are coming up with our own checklist, a kind of global checklist regarding construction standards for the way to score in China and Poland, for example."
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