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

Highest-rated U.S. Self-storage REIT by GRESB

GRESB Public Disclosure Level

Global Average: C

GRESB Real Estate Assessment

2019 Improvement

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 the last ten years. With over 440 facilities powered by solar, we’ve produced enough solar energy to power over 2,500 homes for an entire year.

We’ve added so many installations that the Solar Energy Association recognized Extra Space Storage as a Top 10 Corporate User by Number of Solar Installations last year, alongside Target, Walmart, and Walgreens.

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

  • 440+ Solar Powered Facilities
  • 48 New Solar Installations at REIT Stores in 2019
  • 43% of REIT Owned Locations with Solar Panels
  • 26.4 GWh of Energy Through Solar Panels in 2019
  • Recognized as a Top 10 Corporate User of Solar Installations
  • Light fixtures in all REIT properties updated to LED or T8 lighting systems
  • 3.5% reduction in water usage, despite 10.3% increase in property count
  • Saved over 10 million sheets of paper through digital lease initiative

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.

 

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Extra Space Storage Inc., headquartered in Salt Lake City, Utah, owns and/or operates over 1,850 self-storage properties in 43 states, Washington, D.C. and Puerto Rico. Extra Space Storage properties comprise approximately 1,010,000 units and over 585M square feet of rentable storage space, offering customers a wide selection of affordable and conveniently located and secure storage solutions across the country, including personal storage, boat storage, RV storage and business storage. We are committed to being the most convenient, secure and professional storage solution in your neighborhood. And it is this commitment which has allowed Extra Space Storage to become the second largest storage units operator in the U.S. with over 1,850 properties across the country.