Sustainability
Learn about our sustainability efforts including energy efficiency, solar, waste reduction and recycling, and reduced water consumption.
At Extra Space Storage, our sustainability efforts are an investment in the environment and the communities that we’re part of. From solar installations to waste reduction efforts, we’re invested in doing what’s right and creating a better future for our employees, customers, and the environment.
Choosing to lead the industry in sustainability is in our DNA. Sustainability is at the intersection of what’s best for the environment, for our employees, for our customers, and for the communities we are in.
JOSEPH D. MARGOLIS
Chief Executive Officer
Sustainability Efforts
Energy Efficiency
Lighting retrofits have been completed at over 350 of our wholly-owned Extra Space Storage stores in 27 states—the equivalent in CO2 savings of removing 15,000 cars from the roads, based on U.S. Environmental Protection Agency metrics.
All of our wholly-owned stores have been upgraded to LED or T-8 lighting systems, with LED fixtures used on all projects since 2017. These lighting retrofit initiatives result in an estimated savings of nine million kWh annually.
Solar Program
We’ve been committed to our solar program for over 10 years. With 50% of REIT Owned Locations now operating with solar panels, we’ve produced enough solar energy to power over 2,500 homes for an entire year.
We have plans for hundreds of additional installation projects in planning, development and building phases. Our solar efforts reduce our grid electricity consumption while providing a strong financial return.
Waste Reduction & Recycling
Extra Space Storage is committed to using recycled materials in the products we sell in our stores. Our boxes are certified by the Sustainable Forestry Initiative (SFI), demonstrating that they have been produced by responsible sources. With everything from boxes to packing supplies containing recycled materials, we continue to find ways to reduce our carbon footprint.
In our stores, we also utilize a digital lease form, reducing the use of paper with every rental transaction. This initiative saved over 10 million sheets of paper in 2018, and over 58 million sheets since the beginning of this paper reduction initiative in 2012.
Reduced Water Consumption
Though our properties already use relatively limited water, that didn’t stop us from taking addition measures to reduce this already low usage through efficient plumbing devices and irrigation systems.
We’re also mindful of the landscaping installed at our facilities, seeking to xeriscape when permitted by local municipalities, or to install landscaping that doesn’t require significant watering.
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
Building for the Future
Our sustainability initiatives are ongoing. Every year, we take additional measures to make sure we’re doing what’s right for the environment and our customers.
For more details visit ir.extraspace.com/sustainability.