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"Our commitment to a research-based and data-driven approach that links sustainability to financial materiality and generating superior risk-adjusted returns keeps us at the forefront of an ever-evolving sustainability landscape. We've built the agility to respond as industry standards develop and client expectations grow — cementing our reputation as a trusted leader who moves with purpose, not just with the moment."
Through the comparison of ESG scores for CenterSquare's Global and U.S. Core REIT strategies and their respective benchmarks, we have consistently observed higher scores across our strategies.
Source: CenterSquare, as of December 31, 2025.
Source: CenterSquare, as of December 31, 2025.
Source: CenterSquare, December 31, 2025. Past performance is not indicative of future results.
Key Metrics
Source: CenterSquare, as of December 31, 2025.
Key Metrics
Source: CenterSquare, as of December 31, 2025.
"Our clients, particularly in Europe, continue to request more solutions when it comes to the sustainability and impact of their portfolios. They require transparency beyond the financial implications of their investments, and want to gain a clearer understanding of the broader impact their investments have from a sustainability perspective. This strategy enables us to build portfolios tailored to their investment and impact preferences."
Prologis (PLD)
To be included in the Global Sustainable REIT portfolio, REITs must pass our multi-level screening process, which identifies companies committed to making a positive impact and ensures they collect and report data to demonstrate their progress. Further, companies must have an ESG score within the top third of our global universe for inclusion. Prologis (PLD) is one such company that passes this rigorous screening process. PLD is a global real estate industry leader in sustainability focused on logistics real estate. The company owns and manages 1.3 billion square feet of real estate in 20 countries.
With an overall ESG score of 84/100 based on our proprietary ESG assessment, which measures environmental stewardship, social responsibility, and corporate governance, PLD easily qualifies for inclusion in the portfolio.
| Score Component | PLD Score | Possible Score |
|---|---|---|
| Environmental | 34 | 40 |
| Social | 16 | 20 |
| Governance | 34 | 40 |
| ESG Score | 84 | 100 |
The impact portion of our analysis focuses on a company’s effort to both measure and make meaningful progress toward at least one of seven identified SDGs (eight underlying metrics). Notably, Prologis has committed to achieving net-zero emissions across its value chain by 2040 and has already reduced emissions by roughly 36% from a 2019 baseline, supported by large-scale deployment of renewable energy, including more than 600 MW of solar and storage capacity and rapidly expanding EV infrastructure. Its leadership is further reflected in delivering sustainable buildings at scale, innovating through energy and logistics solutions for customers, and investing in resilient communities through funding, volunteerism, and social programs. By combining global reach, data-driven infrastructure, and integrated energy solutions, Prologis is not only reducing its own environmental footprint but also enabling customers and supply chains worldwide to operate more sustainably.
Prologis (PLD)
To be included in the Global Sustainable REIT portfolio, REITs must pass our multi-level screening process, which identifies companies committed to making a positive impact and ensures they collect and report data to demonstrate their progress. Further, companies must have an ESG score within the top third of our global universe for inclusion. Prologis (PLD) is one such company that passes this rigorous screening process. PLD is a global real estate industry leader in sustainability focused on logistics real estate. The company owns and manages 1.3 billion square feet of real estate in 20 countries.
With an overall ESG score of 84/100 based on our proprietary ESG assessment, which measures environmental stewardship, social responsibility, and corporate governance, PLD easily qualifies for inclusion in the portfolio.
| Score Component | PLD Score | Possible Score |
|---|---|---|
| Environmental | 34 | 40 |
| Social | 16 | 20 |
| Governance | 34 | 40 |
| ESG Score | 84 | 100 |
The impact portion of our analysis focuses on a company’s effort to both measure and make meaningful progress toward at least one of seven identified SDGs (eight underlying metrics). Notably, Prologis has committed to achieving net-zero emissions across its value chain by 2040 and has already reduced emissions by roughly 36% from a 2019 baseline, supported by large-scale deployment of renewable energy, including more than 600 MW of solar and storage capacity and rapidly expanding EV infrastructure. Its leadership is further reflected in delivering sustainable buildings at scale, innovating through energy and logistics solutions for customers, and investing in resilient communities through funding, volunteerism, and social programs. By combining global reach, data-driven infrastructure, and integrated energy solutions, Prologis is not only reducing its own environmental footprint but also enabling customers and supply chains worldwide to operate more sustainably.
Source: CenterSquare, as of December 31, 2025.
Source: CenterSquare, as of December 31, 2025.
Source: CenterSquare, as of December 31, 2025.
Source: CenterSquare, as of December 31, 2025.
Proxy Spotlight: Prologis (PLD)
While we consider ISS guidance as part of our review process, we do not follow it automatically. In this case, ISS recommended voting in favor of a shareholder proposal to reduce the ownership threshold required to call a special meeting from 20% to 10%. CenterSquare voted against this proposal, while voting in favor of all management items, including the election of directors and other routine proposals.
Earlier this year, we engaged directly with Prologis' board on this exact governance issue and expressed our view that the prior 50% threshold was too high. Following our discussion, the company amended its bylaws in February 2025 to reduce the threshold to 20%, which we believe appropriately balances shareholder rights with practical governance considerations. In our view, the additional reduction to 10% proposed by the shareholder does not meaningfully enhance shareholder rights beyond the current 20% standard.
We also believe a 10% threshold could increase the likelihood of immaterial meeting requests, adding unnecessary costs and diverting management attention. As the board had already acted on our recommendation earlier in the year, we saw no compelling rationale for a further reduction and voted against the proposal.
Proxy Spotlight: Prologis (PLD)
While we consider ISS guidance as part of our review process, we do not follow it automatically. In this case, ISS recommended voting in favor of a shareholder proposal to reduce the ownership threshold required to call a special meeting from 20% to 10%. CenterSquare voted against this proposal, while voting in favor of all management items, including the election of directors and other routine proposals.
Earlier this year, we engaged directly with Prologis' board on this exact governance issue and expressed our view that the prior 50% threshold was too high. Following our discussion, the company amended its bylaws in February 2025 to reduce the threshold to 20%, which we believe appropriately balances shareholder rights with practical governance considerations. In our view, the additional reduction to 10% proposed by the shareholder does not meaningfully enhance shareholder rights beyond the current 20% standard.
We also believe a 10% threshold could increase the likelihood of nuisance or narrowly driven meeting requests, adding unnecessary costs and diverting management attention. Given that the board had already acted on our recommendation earlier in the year, we saw no compelling rationale for a further reduction and therefore voted against the proposal.