Link Logistics Real Estate LLC
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:1,494,010 tCO2e/year (Scope 1, 2, and 3)
Scope 1 Emissions:19,603 tCO2e/year
Scope 2 Emissions:60,062 tCO2e/year
Scope 3 Emissions:1,414,344 tCO2e/year
Renewable Energy Share:0.12% (Industrial)
Total Energy Consumption:5,124,018 MWh/year
Water Consumption:10,505,091.63 m3/year (Industrial)
Carbon Intensity:0.177 MTCO2e / 1,000 sqft (Scope 1 & 2); 3.31 MTCO2e / 1,000 sqft (Scope 1, 2, & 3)
ESG Focus Areas
- Decarbonization
- Renewable Energy
- Carbon Neutrality
- Social Impact
- Community Partnerships
- Governance
- Diversity, Equity & Inclusion
Environmental Achievements
- Converted 14,000,000+ square feet to LED lighting (42% of portfolio)
- Reached 65 megawatts of solar capacity (with 220 MW in pipeline)
- Achieved WELL Health-Safety certification for 6,000,000 square feet
- Delivered 5 LEED certified development projects (55 projects registered for LEED)
- Achieved ENERGY STAR® certification for 10.1 million square feet (largest owner of certified industrial properties in the US)
- Committed $4.75M to The Nature Conservancy and American Forest Foundation for carbon sequestration
Social Achievements
- Launched Link Logistics Community Grants Program, distributing $2M to 21 grantees
- Exceeded 10,000 employee volunteer hours (650,000+ meals provided through CoreGiving)
- Launched DEI scholarships and a diverse supplier program
- 58% of new hires were female, 41% were people of color
- Received a 2022 Gold Stevie® Award for Great Employers
Governance Achievements
- Established a Data Governance Committee
- Appointed a Chief Risk Officer
- Launched a Risk Committee
- 100% of employees completed compliance training
Climate Goals & Targets
Long-term Goals:
- All New Link Logistics Developments LEED Certified
Medium-term Goals:
- 300 MW Solar Capacity Installed by 2025
- 100% Renewable Energy in Operations by 2024
Short-term Goals:
- 100% LED Lighting by 2025
- Carbon Neutral Operations by 2025
- 100% ENERGY STAR® Compliance Annually
Environmental Challenges
- Access to customer energy data
- Unique barriers to decarbonization in industrial real estate
- Climate-related risks (acute physical risks like storms and flooding; chronic physical risks like temperature rise and increased natural disasters)
- Emerging regulations
- Reputational risk related to climate change
Mitigation Strategies
- Created a service offering to manage utilities on behalf of customers
- Developed a three-step (Measure, Reduce, Offset) sustainability program
- Invested in retrofitting with TPO Cool Roofs, LED upgrades, and pursuing 100% renewable energy by 2024
- Engaged policy leaders and nonprofit experts to monitor emerging regulations
- Partnered with an external law firm for energy and ESG counsel
- Participated in the ENERGY STAR® Warehouse Leadership Working Group
Supply Chain Management
Responsible Procurement
- Supplier diversity program
- Vendor Code of Conduct (details in Appendix)
Climate-Related Risks & Opportunities
Physical Risks
- Storms
- Flooding
- Temperature rise
- Increased frequency of natural disasters
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Energy efficiency retrofits
- Renewable energy integration
Reporting Standards
Frameworks Used: GRI Standards, SASB Standards, TCFD
Certifications: ENERGY STAR®, LEED
Third-party Assurance: RE Tech Advisors (GHG inventory, limited assurance); Quinn & Partners (GHG inventory accuracy and completeness)
UN Sustainable Development Goals
- Nine UN Sustainable Development Goals (specific goals not listed)
Alignment ensures mobilization of business and resources to safeguard the future
Awards & Recognition
- 2022 Gold Stevie® Award for Great Employers
- ENERGY STAR® Partner of the Year 2022