Sustainability
Sustainability at Link Logistics is about driving value for our customers, our managed portfolio and the communities where we operate. By investing in energy efficiency, cleaner power and smarter warehouse performance, we lower operating costs, strengthen industrial real estate asset quality and help businesses meet the demands of a rapidly evolving supply chain. Our approach is practical and execution-focused, built around programs that scale, results that are measurable and solutions that make business sense.
In This Report: Overview | Sustainability | Social Impact | Governance
Spotlight on Energy Solutions
Robust energy management shouldn't be a distraction from running a business. Yet for many industrial real estate customers, it is. Sorting through utility billing, navigating complex rate structures, recouping security deposits and staying on top of benchmarking requirements consume time and resources that companies would rather direct elsewhere. We built Energy Solutions to change that for warehouse users.
Launched in December 2023, Energy Solutions has grown steadily and in 2025 continued to scale across our managed portfolio. The program transfers utility account management to Link Logistics, providing customers with access to a dedicated team that understands the billing logic and rate structures of roughly 600 utilities nationwide. That expertise translates directly into cost avoidance as customers benefit from billing error recoveries, security deposit recovery and power hedging. New customers can enroll before move-in; existing customers can join at any time through the Link+ platform, where energy and utility data are tracked in a single dashboard alongside the rest of their property management activity.
The value extends beyond utility management. Energy Solutions serves as the foundation for deeper operational partnerships with customers, facilitating LED retrofits, renewable energy products, ENERGY STAR certifications, compliance with local benchmarking and performance requirements, and strategic power procurement. By combining data-driven insights with portfolio-wide scale, the program continues to create efficiencies that benefit customers and the firm alike.
Photo: Energy Solutions dashboard as viewed through Link+
Driving Results
1,474
customers enrolled in Energy Solutions
*Savings are sourced at the customer level from the following energy and utility management activities: account setup fee avoidance, cost recovery actioned from utility bill audits, security deposit recovery, and power hedging. An average is then calculated across all customers.
Awards
Better Buildings Better Practice Award (2025)
— U.S. Department of Energy
Sustainability Product of the Year (2025)
— Business Intelligence Group
2026 FreightTech 100 (2025)
— FreightWaves
ENERGY STAR® Excellence in Data Innovation Award (2024)
— U.S. Environmental Protection Agency
Power Procurement: Managing Market Risk at Scale
Electricity prices in deregulated markets have grown increasingly volatile, and for many industrial real estate operators, there has been little recourse. Managing warehouse utility contracts at the asset level means negotiating thousands of separate agreements, each one too small to attract favorable terms. The result is fragmented purchasing, limited cost visibility and direct exposure to market swings.
Link Logistics has taken a different approach. Through our power hedging program—a core component of Energy Solutions—we consolidate retail energy contracting under a single master services agreement, enabling us to aggregate demand across our managed portfolio and act as a large-scale buyer in deregulated energy markets. Customers enrolled in the program benefit from that scale directly: In 2025, they experienced enhanced cost stability compared to local utility supply rates across the 684 accounts where Link Logistics procured power.
The mechanics are straightforward. By purchasing power strategically rather than leaving customers exposed to fluctuating market prices, our power procurement program delivers greater budget predictability, which matters for any business managing warehouse occupancy costs.
Photo: Link Logistics team member, Grand Prairie, Texas
Market includes the following retail power markets: American Electric Power, Atlantic City Electric Company, Allegheny Power (Potomac Edison), Baltimore Gas and Electric Company, Commonwealth Edison Company, Delmarva Power and Light Company, Duke Energy, Electric Reliability Council of Texas- Houston, Electric Reliability Council of Texas- North, Electric Reliability Council of Texas- South, Metropolitan Edison Company, Pennsylvania Power and Light, Philadelphia Electric Company, Potomac Electric Power Company, Public Service Electric and Gas Co, Rockland Electric Company, Zone J (NYC) Market price is the average of LMP settlement sourced across all load zones where Link participates and is inclusive of energy and non-energy charges (ancillaries) Link's fixed rate shown is the weighted average cost of fixed positions active during the reporting term and varies at the individual load zone based on contracted volumes.
LED Retrofits: From Site Audits to Energy Savings
Lighting is one of the highest-impact opportunities landlords can leverage to improve energy efficiency in industrial real estate. Installing LED or high-efficiency lighting and controls can cut warehouse lighting consumption by roughly 50%.
Realizing that opportunity at scale requires a repeatable process that can move efficiently across hundreds of properties. Our internal team of energy experts manages the full workflow—from site audits and ROI analysis to specification design, procurement and installation—which shortens timelines, controls costs and allows us to maintain consistent standards across every project.
Since 2021, we have deployed LED projects across 146 million square feet, the equivalent of retrofitting 1.4 American football fields every day for five years. In 2025 alone, we executed 36 million square feet of retrofits. Since the program began, our LED work has reduced warehouse energy consumption by 119,747 megawatt hours and cut carbon emissions by 72,994 metric tons.
The business logic is clear. Lower energy consumption means lower utility bills and reduced operating costs for our customers. LED upgrades also improve light quality inside facilities, which matters for operations. For customers already enrolled in Energy Solutions, LED retrofits are a natural next step—identified and executed through the same program infrastructure, with savings tracked in the same dashboard.
Photo: Exit 8A Distribution Center, Cranbury, New Jersey
* High-efficiency lighting indicates spaces where the lighting power density (LPD) falls at or below 0.45 watts per square foot, aligned with ASHRAE/IES 90.1-2022 LPD standard for warehouses.
LED Program Highlights
36 MSF
of LED or high-efficiency retrofits in 2025
72,994
metric tons of carbon emissions avoided by year-end 2025
Building Our Solar Pipeline
Scaling a solar program across a large industrial real estate portfolio requires more than identifying good warehouse rooftops—it also requires coordinating solar timelines with the realities of building operations and roof replacement cycles. We screen candidate sites years before their roofs are scheduled for replacement. That early identification allows us to align solar development with planned roofing capital upgrades. Once a roof replacement is approved, the solar project folds directly into that schedule, moving permitting, procurement and utility coordination in parallel rather than in sequence. The result is lower cost, reduced schedule risk and faster deployment without compromising building integrity or warranties.
Current Operating vs. Option Pipeline by Region
Solar capacity in MW · year-end 2025 ·
grouped by region, ranked by total within region
After announcing a solar development partnership with Reactivate, 2025 was a year focused on execution and what comes next. In addition to completing construction on four projects representing 6.86 MW, we increased our solar development pipeline by over 50 MW in 2025. (If fully developed, these projects would increase our operating solar portfolio by nearly 74%.) Across the lifetime of Link Logistics’ solar program, our rooftops have hosted over 92 MW across 84 projects. As of year-end, Link Logistics properties hosted 47 projects with a combined capacity of 70 MW of clean power.
Sustainable Development for the Long Term
Sustainable industrial real estate development is a strategic priority for us, as it supports long-term value for our business, customers and the broader market. We work to ensure that all new Link Logistics warehouse development projects attain LEED certification, incorporating high-performance building standards that drive energy efficiency, reduce emissions and enhance operational resilience.
In 2025, we continued that momentum, delivering 14 MSF across 49 high-efficiency warehouses to the market. Since launching our LEED certification program in 2022, we have delivered a total of 69 LEED-certified spaces, registered an additional six properties with the U.S. Green Building Council, and have 10 more in the development pipeline.
Photo: 8800 NW 99th Terrace, Miami, Florida
Link Logistics LEED Program
14 MSF
total space delivered in 2025
69
total LEED-certified spaces since 2022
