Company communicates ESG vision and sets measurable commitments and roadmap to leverage its scale to drive impact on environmental, social issues
New York – November 17, 2021 – Link Logistics Real Estate (“Link” or “the company”), a Blackstone portfolio company and the largest logistics real estate company operating solely in the United States, today released its first Environmental, Social and Governance (ESG) Report. The report describes Link’s leading ESG program and its approach to redefining the role that logistics and real estate companies can take in creating a more sustainable future.
“We view ESG as foundational to who we are as a firm, how our teams work together and all that we are building,” said Luke Petherbridge, Link’s chief executive officer. “This past year, we endeavored to position ourselves as the long-term sustainable partner of choice for our customers, leveraging our scale to set ambitious goals that will move the needle on the most pressing environmental issues we face today. The challenges of the past year have made clearer the responsibility we have to our customers, partners and society, and the importance of creating spaces and environments where people want to work. During such a critical time for our industry, we believe that our ESG initiatives have a vital role to play in helping our customers maintain resilient and sustainable supply chains.”
Highlights from the report:
“Blackstone is committed to sustainability and good governance across our portfolio, and we are proud of Link’s accomplishments in these areas,” said Eric Duchon, Global Head of ESG for Blackstone Real Estate. “Link continues to deliver excellent performance and financial growth while staying true to Blackstone’s commitment to strengthen the communities in which we live and work.”
Link made tremendous strides in the past year in furthering its commitment to the goals outlined in the report. Link is committed to industry leading ESG disclosure through GRI, TCFD and SASB Industry Standards, and has included additional information on its progress in the report. Furthermore, the company is an ENERGY STAR Partner and has formalized its commitment to 100% renewable operations through its partnership with the Climate Group’s RE100 initiative.
“Our sustainability strategy is informed by what is material to our business and our stakeholders,” said Nicholas Pell, Link’s president and chief investment officer. “Supporting our customers is our priority, and we are proud of the way we have helped them respond to unpredictable logistics challenges while staying true to our core sustainability principles. At the same time, we are consciously creating an engaged and inclusive workplace where our 700 colleagues feel celebrated, valued, empowered and proud to be a part of this incredible team.”
Visit Link’s ESG webpage to download the full report.
About Link Logistics
Link Logistics is the largest U.S.-only owner and operator of last-mile industrial real estate. As of September 30, 2023, Link Logistics serves more than 10,000 customers and owns, has interests in, or has under development logistics facilities that will represent a total of 538 million square feet across key U.S. distribution markets. Established by Blackstone in 2019, Link Logistics has the scale, footprint, and proprietary insights, as well as a heightened focus on sustainability, to drive value for our customers and stakeholders. For more information regarding the Company, please visit www.linklogistics.com.