Submitted by glpadmin1 on Wed, 08/11/2021 - 12:04

GLP Publishes Global 2020 ESG Report

GLP Publishes Global 2020 ESG Report

Singapore, 12 August 2021 – GLP announced today it has released its 2020 Global Environmental, Social and Governance (ESG) Report, demonstrating the firm’s ongoing commitment to sustainability through its expanded ESG policy and initiatives.

“During 2020 we took our sustainability responsibilities to the next level, spending the majority of the year evaluating what we had accomplished and expanding our ESG policy to better integrate sustainability measures into our business and investment decisions,” said Ming Mei, Co-Founder and CEO of GLP. “As a global leader and pioneer in our industry, we have a responsibility to our shareholders, investors, customers, partners and ourselves to be ambitious in our sustainability efforts and we plan to deliver on that responsibility across the markets and in the communities where we work and operate.”

GLP’s 2020 ESG highlights:

- Launched an updated ESG policy and due diligence process to incorporate more ESG considerations into the investment review process;

- Achieved the world’s first building verified as Net Zero Carbon for Construction in Europe using the UKGBC Net Zero Carbon Buildings Framework Definition;

- 21% of GLP buildings1 are green certified to the standards of LEED, BREEAM, HQE, DGNB, CASBEE, BELS, China Three Star and IFC EDGE;

- Reached 224 MW solar power generating 235,000 MWh, allowing its rooftop solar capacity to reduce CO2 emissions equivalent to that generated by more than 30,3002 households per year;

- Formed a partnership with Contemporary Amperex Technology Ltd. (“CATL”) to expand the use of clean energy in logistics and transportation;

- Raised more than US$2.3 billion3 of sustainability linked loans and green bonds;

- Supported customers to achieve their sustainability goals that incorporate elements such as increased insulation, LED lighting, water reuse systems, solar and renewable energy and more;

- Increased the size of GLP China’s Spring Charity Foundation to support 24,000 students in 56 schools; and

- Launched an internal learning platform with over 100 diversity and inclusion programs courses to upskill and train colleagues.

Notably, in 2021 GLP intends to increase its solar capacity by more than 100%, adding 250 MW across approximately 75 properties. The growing global demand for low-carbon and renewable energy has led to continued growth opportunities for GLP buildings which are sources of renewable energy generated by rooftop photovoltaic (PV) panels.

GLP is committed to a broad range of ESG policies and initiatives that will manage risk, elevate the business, create value for investors, support employees and customers, and show respect to the local communities.

The complete report is available online: https://bit.ly/2X05j9O. For more information on GLP’s ESG efforts, visit: https://www.glp.com/global/impact

About GLP
GLP is a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies. Our combined investing and operating expertise allow us to create value for our customers and investors. We operate across Brazil, China, Europe, India, Japan, the U.S. and Vietnam and have more than US$110 billion in assets under management in real estate and private equity. Learn more at glp.com/global.

Media Contact:

Meredith Balenske
SVP, Global Communications & ESG
Tel: +852 6116 6709
Email:
mbalenske@glp.com

Investor Contact:

Craig A. Duffy
Managing Director, Fund Management
Tel: +852 3959 7009
Email:
cduffy@glp.com

This press release is not an offer of securities for sale or a solicitation of an offer to purchase securities. The information in this press release may not contain, and you may not rely on this press release as providing, all material information concerning the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of GLP or its subsidiaries. This release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements regarding the intent, belief and current expectations of GLP or its officers with respect to various matters. When used in this press release, the words "expects," "believes," "anticipates," "plans," "may," "will," "should," “intends,””foresees,” “estimates,” “projects,” and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Similarly, statements that describe objectives, plans or goals also are forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes, and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events and speak only as of the date of this press release. GLP does not undertake to revise forward-looking statements to reflect future events or circumstances. No assurance can be given that future events will occur, that projections will be achieved, or that GLP’s assumptions are correct.


1By gross floor area (GFA) as of December 31, 2020

2Calculated using the US Environmental Protection Agency Greenhouse Gas Equivalencies Calculator; based on average U.S. households.

3As of June 30, 2021