Link Logistics
2023 Sustainability Report
P.7
Introduction
Overview
Sustainability
Social Impact
Governance
Appendix
Our Role in the Energy Transition Adapting to Customers' Needs
2023 Key Highlights Who We Are
Our Role in the Energy Transition The clean energy
We are increasingly observing our customers drive the energy transition, which is intertwined with onshoring trends in manufacturing. In 2023, Link Logistics tracked over $167 billion in planned U.S. clean energy projects and 169,000 associated jobs. Our Research & Analytics team estimated that these projects will require more than 300 million square feet of direct manufacturing space and over 80 million square feet of related warehouse space over the next five years. While overall numbers have moderated, most of this demand will concentrate in the “Battery Belt” across the Midwest and Southeast, where clean energy projects call for more power-intensive facilities. In 2023, clean energy made up 10% of leasing in key electric vehicle markets, up from nearly zero in 2021. Manufacturers supporting the energy transition increasingly prioritize infill industrial locations—the core of our managed portfolio.
As providers of space, we are also doing our part to support the energy transition by ensuring our managed portfolio is operationally efficient through initiatives that include building all new developments to LEED standards, increasing solar capacity and installing LED lighting. This creates value for our customers across industries, from manufacturing to e-commerce to logistics. Because the energy transition requires broad partnership, we believe that working with our customers and adapting to their needs is the most effective way to advance decarbonization in industrial real estate. Along these lines, the most disruptive way we are progressing this work is through Energy Solutions, a product we introduced in 2023. A data-driven, first-of-its-kind energy and utility management program, Energy Solutions is examined in more detail on Page 10 of this report.
transition is a societal- scale endeavor—one in which we have a material role as providers of space and value-additive customer solutions.
Link Logistics Paw Creek Logistics Center, Charlotte, North Carolina
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