Acting Responsibly Report

As a leading owner and operator of European logistics real estate, Logicor has an important role to play in building a sustainable future for the benefit of society.

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Michael Slattery

CEO

Our beliefs

We believe acting responsibly is vital to the long-term success of our business and will benefit our customers and employees as well as the wider communities impacted by our activities. This is why we are committed to embedding sustainability policies and practices into our day-to-day operating activities.

Our report

In our 2019 Financial Year End Report, we reported for the first time on our five-year Environmental, Social and Governance (ESG) strategy. We have produced our first dedicated ESG report, entitled Acting responsibly for a sustainable future. This provides detail on our five-year strategy for continued positive change and highlights actions that are already underway, demonstrating to our customers, investors, employees and our communities that together, we can build a sustainable future. We also presented a strategic update on ESG progress within our 2023 ESG Report.

2023 ESG Report

Emerging Trends

E-commerce driving demand for logistics

Switch to online retail driving demand for modern, efficient and sustainable warehouse facilities
Greater demand and bespoke designs driving advances in technological and sustainable solutions
E-commerce requires more logistics space because of inventory levels, product choice and returns policies

300%

E-commerce supply chain operations require more warehouse and logistics space – typically three times more than a traditional brick-and-mortar supply chain1

Emerging Trends

Sustainable building development and design

Pursuit of net zero carbon is driving whole-life carbon performance of buildings
New technologies to assess sustainability metrics
Increasing biodiversity opportunities across sites
Increasing severity and frequency of climate events impacting real estate assets is making resilience planning for real estate portfolios a top priority

+20%

Year-on-year growth in BREEAM certifications since 2014.

Emerging Trends

Renewable energy sources

Potential for solar installation at logistics assets is a key differentiator from other real estate classes
A shift to renewable energy generation is a critical component in achieving net zero carbon goals
Transport and logistics companies are focused on reducing their operational CO2 emissions and renewables can be part of the strategy
Renewable energy complements other emerging trends such as electric vehicle charging and hydrogen-fuelled infrastructure

2020

Solar photovoltaic (PV) systems are projected to compete with the marginal operating cost of existing coal plants by this year

Emerging Trends

Rise of occupier technology

Occupiers will increasingly shift to capital-intensive machinery and autonomous robotics to address multi-channel challenges
Increasing need to focus on energy implications throughout assets’ lifecycles

61%

Over 60% of respondents agree that IT/technology utilisation is their biggest operational challenge over the next five years.

Emerging Trends

Business partnerships driving collective responsibility

Working across sectors with customers, employees, suppliers and investors will drive long-lasting positive change
Partnerships will increasingly be evaluated on their sustainability capabilities and credentials
Acceleration of stringent regulation is driving carbon reduction of new and existing buildings in response to the ambitions of the Paris Climate Agreement

2050

A shift to renewable energy and energy efficiency in the power, buildings and transport sectors could deliver reductions of over 16 gigatonnes of CO2 equivalent (29% of 2018 global emissions) each year by 2050

Emerging Trends

COVID-19 acceleration

Structural change to everyday life has impacted how people live and work
We anticipate growing support for sustainability as companies recognise the imperative of collective responsibility to tackle complex challenges for everyone's benefit
It has accelerated the existing trend to online retail, driving increasing inventory levels and on-shoring production in Europe, supporting strong demand for well-located sustainable logistics real estate

61%

Over 60% of respondents agree that IT/technology utilisation is their biggest operational challenge over the next five years.

Our ESG activities

Our ESG activities are guided by a set of nine principles which we use to ensure that our actions at every level of the organisation are fully aligned with our sustainability responsibilities, ambitions and strategy. The principles are to: