At Extra Space, we are committed to being good corporate citizens and running a company that is built to last. We achieve our goals through our ongoing efforts to improve the sustainability of our operations through environmental, social and governance best practices.
Environmental Highlights
- $19.8 Million in solar investments in 2022
- 55% of REIT owned properties have solar power
- Four consecutive years of GHG emissions reduction in our like-for-like pool
- 80% less carbon emissions than the real estate sector average, according to data from Urban Land Institute’s Greenprint Performance Report.
- 4.9% reduction in water use intensity per square foot
- 44 new energy efficient HVAC systems installed
- 48 new sustainable roofing projects completed
- $1.6 million invested in our on-going lighting retrofit program, which now creates over 13 million kwhs in energy savings annually.
Governance Highlights
- 2020, 2021 & 2022 Nareit “Leader in the Light Award” Winner
- 90% of our board of directors are independent
- Nareit “Communications and Reporting Excellence” (CARE) award winner
- 30% of directors are women
- Separate Chairman and CEO
- Stockholder ability to amend bylaws
- Annual advisory vote to approve executive compensation
Historical Solar Production
Extra Space has been investing in solar panels on our facilities for over a dozen years. This year we invested $19.8 million into solar builds and have over a hundred installation projects in planning, development, and building phases. As of December 31, 2022, 55% of our REIT wholly-owned facilities had solar panel systems. Our solar efforts reduce our grid electricity consumption while targeting a great financial return, showing clearly how sustainability can be at the intersection of what is good for the environment, the community, and our shareholders.
Sustainability Documents
Social Highlights