What Is Extra Space Storage Doing to Promote Environmental, Social, and Governance (ESG) Initiatives?

Extra Space Storage is committed to promoting environmental, social, and governance (ESG) initiatives in order to improve the sustainability of our company, support the communities we serve, and deliver long-term value for shareholders. We achieve our goals through a variety of eco-friendly measures, community-focused efforts, annual internal reviews, and more. Explore each area in more detail below.

To view our full ESG report and highlights from the past year, visit the Extra Space Storage Sustainability page.

How Does Extra Space Storage Promote Environmental Initiatives?

Extra Space Storage promotes environmental initiatives by prioritizing energy efficiency, environmentally-friendly transportation, waste reduction, water conservation, and more. Our latest environmental achievements include:

• 50.2 GWhs of solar production in 2024

• Invested $30.1 million in solar projects in 2024

• 42% of REIT owned properties have solar power

• Six consecutive years of GHG emissions reduction in our like-for-like pool

• 8.3% GHG emissions intensity reduction in like-for-like pool in 2024

• 79% less carbon emissions than real estate sector average

• 7.8% reduction in non-recyclable waste intensity in like-for-like pool in 2024

• Invested $13 million in HVAC retrofitting in 2024

How Does Extra Space Storage Promote Social Initiatives?

To promote social initiatives and invest in the future of our employees, customers, and communities, Extra Space Storage empowers team members to provide exceptional customer service and give back to their local communities. We also offer paid volunteer time off (VTO) to corporate employees, run an employer donation matching program, and have a company-wide volunteer recognition program in place. Our latest social achievements include:

• Gender and race pay equity

• New customer satisfaction rating of 94.4%

• Annual "There's Space For Everyone" scholarship awarded 8 scholarships

• Over 800 hours of volunteer time in local communities through the company's paid volunteer time program

• Partnering with USANA Kids Eat to address hunger in Utah schools

How Does Extra Space Storage Promote Governance Initiatives?

To benefit our shareholders, enhance management accountability, and uphold public trust, Extra Space Storage carefully reviews internal operations, maintains resiliency strategies to manage risks and opportunities, and more. Our latest governance achievements include:

• Board of Directors are 90% independent

• Annual vote to approve Board of Directors passed with 98% approval

• Stockholder ability to amend bylaws

• Annual advisory vote to approve executive compensation passed with 94% approval

Code of Conduct and Business Ethics that is signed by all directors, officers, and employees