Sustainability

Through the program, customers appoint Link Logistics to open and manage utility accounts on their behalf, allowing us to manage their accounts directly. Our teams track energy consumption and costs via a dashboard within Link+, providing valuable operational insights. Using that data, we identify cost-saving energy management opportunities and, where applicable, invest in energy efficiency upgrades that create financial value for both customers and our firm.

Beyond utility management, Energy Solutions enables deeper partnership with customers, facilitating LED retrofits, renewable energy products, ENERGY STAR® certifications, compliance with benchmarking and performance requirements, and strategic power procurement. By combining data insights and portfolio scale, the program continues to create new efficiencies across our real estate, delivering measurable value for customers while advancing long-term environmental goals.

Managing power market risk is another key component of Energy Solutions. Customers can benefit from Link Logistics' scale through our power hedging program, which seeks to create energy rate stability and insulate customers from increasingly unpredictable electricity markets. In 2024, we generated $2.2 million in cost avoidance across more than 15 retail power markets, 400 properties and 950 accounts by leveraging our power market expertise.

Stabilizing Energy Cost Avoidance in a Volatile MarketHedging against power price volatility is a well-established best practice for properties such as data centers and office buildings, which have high power demand. Traditionally, operators of lower-energy-density assets—logistics real estate, for example—have lacked the ability to aggregate power demand across multiple properties. This results in fragmented purchasing, with thousands of individual contracts limiting cost-saving opportunities. (Under this traditional operating model, a portfolio of Link Logistics' scale would require more than 3,000 separate contracts.)

A New Approach to Power Market RiskLink Logistics has restructured this approach. Instead of negotiating separate agreements at the asset level, the firm has consolidated retail energy contracting under a single master services agreement. This structure enables our firm to leverage its scale across deregulated energy markets, providing customers with budget stability and access to more favorable energy rates. By fixing exposure to market volatility, the program helps lower long-term operating costs, reinforcing our commitment to both efficiencyand resilience.

Lighting is one of the most impactful ways to enhance energy efficiency in industrial real estate. It accounts for up to 55% of power usage and electric utility expenses in the average Link Logistics warehouse; installing LED or high-efficiency lighting can reduce warehouse lighting consumption by approximately 50%.

A strategic, portfolio-wide approach has been key to scaling this impact to significantly reduce energy consumption and lower costs for both Link Logistics customers and the firm itself. By utilizing an internal team of energy experts, we streamline the process from site audits and ROI analysis to specification design, procurement and execution. This efficiency enables faster deployment and maximizes energy savings across our managed portfolio.

Driving Measurable ResultsIn 2024 alone, we deployed LED or high-efficiency lighting across 49 million square feet, surpassing the previous year's pace by more than 10 million square feet. As of year-end 2024, 238 million square feet are equipped with LED or high-efficiency lighting.

Beyond cost and energy savings, the firm's data-driven approach allows for precise measurement of impact. Since starting our LED program, we have completed 113 million square feet of LED projects, reducing warehouse energy consumption by 101,284 megawatt hours and cutting carbon emissions by 44,556 metric tons–equivalent to carbon sequestered by 44,692 acres of U.S. forests in one year.

We advanced our onsite renewable energy efforts in 2024, with Link Logistics properties hosting 52 projects with a combined capacity of 74.8 MW of clean power. This was a foundational year, focused on scaling impact by unifying our solar program under one national developer and aligning the firm's roofing strategy to support solar deployment in key markets. These steps taken in 2024 position us to expand our renewable energy footprint across our managed portfolio.

Stormwater runoff is one of the fastest-growing sources of water pollution in the United States and a significant contributor to flooding and habitat degradation. At Link Logistics, we recognize the opportunity to enhance ecosystem health and biodiversity by improving the performance of stormwater management systems across our managed portfolio.

Piloting Smarter Solutions in JacksonvilleWith 570 stormwater retention ponds at our properties, we are focused on reducing phosphorus, nitrogen and sediment discharge; increasing flood capacity; and minimizing erosion. In 2024, we launched a smart stormwater pond pilot in collaboration with The Nature Conservancy, installing the first system at a Link Logistics property in Jacksonville, Florida. Unlike traditional passive stormwater ponds, smart stormwater ponds use data-driven controls to optimize water flow and treatment, often doubling pollution removal efficiency.

Delivering Measurable ImpactThe City of Jacksonville is working to meet stringent water quality targets by reducing nutrient pollution in local rivers by millions of tons. Our pilot demonstrates how landowners can play a role in advancing these goals. It enables up to 78 million additional gallons of runoff to be treated annually, capturing nearly 200 pounds of nutrient pollutants that would otherwise enter local waterways.

Looking AheadWe are evaluating future opportunities to deploy this capability to improve water quality, help meet regulatory requirements and benefit local communities.