Sustainability

At Extra Space, we are commited 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

  • 7.0% reduction in GhG Emissions (Scope 1&2 like-for-like pool)
  • 50% of REIT Owned Locations with Solar Panels
  • $20 million in solar investment in 2020
  • 111 new solar installations in 2020
  • 9.4% reduction in purchased electricity (like for like pool)
  • REIT store lighting fixtures updated to LED or T-8 Lighting Systems
  • 18.3% of Waste Diverted from Landfills to Recycling Centers

Governance Highlights

  • NAREIT “Leader in the Light” award 2021
  • Lead independent director of board and independent director lead Audit, Compensation and Nominating/Governance Committees.
  • Annual advisory vote to approve executive compensation
  • Separate Chairman and CEO
  • Stockholder ability to amend bylaws
  • 22% of our Board in Female
  • 2/3 of our directors are independent
  • Added one Board seat and refreshed an additional Board seat in 2020

Social Highlights

  • Glassdoor: 2020 Best Places to Work
  • Forbes: America’s Best Employers for Diversity 2020
  • Just Capital: Top 5 Most Just Real Estate Company
  • 85 engagement score on most recent employee survey
  • COVID-19 Immediate Response “Extra Safe, Extra Clean” and donated over 10,000 N95 masks and free storage space to first responders
  • Extra Space employees donated over 91,000 meals to Feeding America food bank
  • Utah Business: Best Companies to Work For 2020
  • Worksite Wellness Council: Utah Platinum Award for employee wellness efforts

Historical Solar Production

We’re celebrating our 10th year of solar installations at Extra Space! Over the last decade, we’ve been dedicated to our solar program, and we are seeing rewards for this effort. With half of our wholly-owned portfolio powered by solar, we’ve produced enough solar power to offset over 30 million pounds of coal burned or over 3 million gallons of gasoline consumed. Our solar efforts reduced our electricity while producing a great return, showing clearly how sustainability can be at the intersection of what’s good for the environment, the community and our shareholders.