MI-LINEAGE-LOGISTICS

Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has signed onto The Climate Pledge and committed to be net-zero carbon across business operations by 2040 – 10 years ahead of the Paris Agreement.

The Climate Pledge, co-founded by Amazon and Global Optimism, is a cross-sector community of more than 200 companies working together to encourage corporate action and address the climate crisis. By signing the pledge, Lineage reinforces its commitment to sustainability and has agreed to:

• Measure and report greenhouse gas emissions on an annual basis.
• Implement decarbonization strategies in line with the Paris Agreement through real business change and innovation, including efficiency improvements, renewable energy, materials reductions, and other carbon emission elimination strategies.
• Take actions to neutralize any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets to achieve net-zero annual carbon emissions by 2040.

“Lineage is deeply committed to sustainable operations, and we look forward to joining other forward-looking signatories of The Climate Pledge to work towards its important mission,” said Greg Lehmkuhl, Lineage’s President and CEO. “Building off of our demonstrated achievements in this space – and with continued emphasis on innovation in logistics optimization, refrigeration system efficiency and renewable energy technologies – I am confident in Lineage’s ability to lead our industry’s charge on decarbonization and encourage others to reduce their impact on our climate.”

Lineage aims to meet the goal of The Climate Pledge through a combination of innovative energy efficiency measures, onsite energy generation and storage, and network-wide standards to minimize and eliminate carbon emissions associated with its daily operations.

“As the world’s largest temperature-controlled warehousing company, Lineage has a responsibility to lead sustainability innovation and progress across the cold chain,” said Chris Thurston, Lineage’s head of renewable energy projects. “In our never-ending pursuit of carbon savings across our facility network, we are constantly developing and deploying new technologies and are excited to share even more as we work towards net-zero operations by 2040.”

Lineage has already begun implementing major initiatives across its network to reduce its carbon footprint. The Company previously committed to decreasing its energy intensity by 25% over 10 years starting in 2015 and met the target in just two years. Additionally, Lineage has committed to installing 85 MW of onsite solar energy capacity by 2025. These plans would place Lineage among Top 5 in the World in on-site solar capacity. As part of these efforts, Lineage also announced that its Colton, CA facility will be among the first of its kind to generate 100% of its energy consumption on-site.

In 2021, the company was awarded the U.S. Department of Energy Better Plants award for the third consecutive year for its cutting-edge energy efficiency initiatives.

About Lineage Logistics

Lineage Logistics is the world’s largest temperature-controlled industrial REIT and logistics solutions provider. It has a global network of over 400 strategically located facilities totaling over 2 billion cubic feet of capacity which spans 19 countries across North America, Europe and Asia-Pacific. Lineage’s industry-leading expertise in end-to-end logistical solutions, its unrivaled real estate network, and development and deployment of innovative technology help increase distribution efficiency, advance sustainability, minimize supply chain waste, and most importantly, as a Visionary Partner of Feeding America, help feed the world. In recognition of the company’s leading innovations and sustainability initiatives, Lineage was listed as No. 17 in the 2021 CNBC Disruptor 50 list, the No 1. Data Science company, and 23rd overall, on Fast Company’s 2019 list of The World’s Most Innovative Companies, in addition to being included on Fortune’s Change The World list in 2020. (www.lineagelogistics.com )

About The Climate Pledge

In 2019, Amazon and Global Optimism co-founded The Climate Pledge, a commitment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040. Now 105 organizations have signed The Climate Pledge, sending an important signal that there will be rapid growth in demand for products and services that help reduce carbon emissions. For more information, visit www.theclimatepledge.com .

View source version on businesswire.com: https://www.businesswire.com/news/home/20211110005571/en/

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