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
- 46.3 GWhs of solar production in 2023
- 33% of REIT owned properties have solar power
- Five consecutive years of GHG emissions reduction in our like-for-like pool
- 4.1% reduction in GhG emissions intensity per square foot in 2023
- 7.7% reduction in energy use intensity per square foot in 2023
- 4.6% reduction in water use intensity per square foot in 2023
- 79% less carbon emissions than the real estate sector average
- 4.9 million invested in HVAC retrofitting projects
Governance Highlights
- 2020, 2021 & 2022 Nareit "Leader in the Light" Award Winner
- Listed on Newsweek's "Excellence Index" for best practices in business and financial growth with dedication to social responsibility and ethical standards
- Nareit "Communications and Reporting Excellence" (CARE) award winner 2023/li>
- 90% of board of directors are independent
- Stockholder ability to amend bylaws
- Annual advisory vote to approve executive compensation
- 30% of directors on board are women
Historical Solar Production
Extra Space has been investing in solar panels on our facilities for over a dozen years. This year we invested over $20 million into solar builds and have over a hundred installation projects in planning, development, and building phases. As of December 31, 2023, 33% 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