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
- 14.8% reduction in Greenhouse Gas (GhG) emissions per square foot
- 17.7 million in solar investment in 2021
- 53% of REIT owned locations equipped with solar panels
- 5.7% reduction in energy use per square foot (net of solar production)
- 60% increase in waste diverted to recycling centers rather than landfills
- Lighting fixtures updated in all REIT stores to efficient LED or T-8 lighting systems
Governance Highlights
- NAREIT “Leader in the Light” award winner 2020 & 2021
- 89% our board directors are independent
- Lead independent director of board and independent director lead Audit, Compensation, Nominating and Governance Committees
- 22% of board directors are female
- Separate Chairman and CEO
- Stockholder ability to amend bylaws
- Annual advisory vote to approve executive compensation
- Robust stock holding requirements for Directors and Executives
- Strict anti-hedging policy in place
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.
Sustainability Documents
Social Highlights