Committed to integrating environmental stewardship, social responsibility, and governance across the company
Logistics Property Company, LLC (LPC) is pleased to announce that it has become a signatory to the United Nations-supported Principles for Responsible Investment (PRI). As a leading owner, developer, and manager of sustainable modern logistics buildings, LPC understands the importance of integrating environmental stewardship, social responsibility, and governance into every aspect of our business. LPC is purpose-driven, and through engagement with its stakeholders, strives to embrace evolving expectations, implement best practices, and maximize environmental, social, and community contributions.
The PRI is recognized as the leading global network for investors who are committed to integrating environmental, social and governance (ESG) considerations into their investment practices and ownership policies. Early in 2022, LPC appointed its new Head of ESG to manage and implement the company’s enhanced ESG framework. LPC has achieved key milestones within the ESG journey and has set targets and goals to continue its success, including becoming a signatory to the PRI.
Jim Martell, Chief Executive Officer, Logistics Property Company, stated, “LPC aims to integrate the United Nations-supported Principles for Responsible Investment (PRI) within our investment process. Our team is dedicated to building and protecting the long-term value of our assets. The PRI supports our responsible investment practices and is consistent with our fiduciary responsibilities.”
LPC is committed to the following Principles used as a framework within its ESG responsible investment process:
- To incorporate Environmental, Social and Corporate Governance (ESG) issues into investment analysis and decision-making processes.
- To be an active owner and to incorporate ESG issues into our ownership policies and practices.
- To seek appropriate disclosure on ESG issues by the entities in which we invest.
- To promote acceptance and implementation of the Principles within the investment industry.
- To work with the PRI Secretariat and other signatories to enhance their effectiveness in implementing the Principles.
- To report on our activities and progress towards implementing the Principles.
About Logistics Property Co.
Logistics Property Company, LLC (LPC) is an industrial real estate company focused on the acquisition, development, and management of modern logistics properties. The group is led by a diverse management team that averages more than 25 years of experience and has developed more than 55.3 million square feet of logistics buildings since 1995. LPC is headquartered in Chicago with more than 70 employees strategically located across eight offices. Its portfolio currently comprises 52 buildings across 23 million square feet in key logistics markets across North America with an estimated end value of more than $3 billion. For further information, please visit logisticspropco.com and follow @logisticspropco.
About the Principles for Responsible Investment
The Principles for Responsible Investment (PRI) is the world’s leading proponent of responsible investment. It works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate and ultimately of the environment and society. Launched in New York in 2006, the PRI has grown to more than 3,000 signatories, managing over $100 trillion AUM.