Public Storage Recognized as the U.S. Self-Storage Sustainability Leader on the GRESB Benchmark
November 29 2022 - 4:07PM
Business Wire
Public Storage (NYSE:PSA), the world’s largest owner and
operator of self-storage facilities, announced today that the
Company is the U.S. self-storage sustainability leader on the 2022
GRESB Real Estate Benchmark, one of the world’s leading ESG
benchmarks and reporting frameworks. Increasing its score by 18% to
80 out of 100 possible points, Public Storage ranks highest amongst
its U.S. peer group for sustainability and was awarded an “A”
rating for public disclosure in 2022.
In addition to this recognition, Public Storage’s recent
sustainability and Diversity, Equity, and Inclusion (DEI)
highlights include:
- Reduced same-store Scope 1 and Scope 2 carbon emission
intensity by 9% and 27% over the past one and three years,
respectively;
- Enhanced nearly 200 properties through solar power generation
and use, with a goal of reaching more than 1,000 properties over
the next few years;
- Recognized by Forbes and Statista as one of “America’s Best
Large Employers” and by Comparably as a “Choice Employer” with an
“A+” culture based on employee feedback;
- Created new career paths that bolster employee satisfaction
through greater role specialization and upward mobility for our
property manager and customer care center teams;
- Increased diversity in management positions and formalized a
diversity-hiring policy, furthering our commitment to an already
diverse workforce that is 68% female and 52% people of color;
and
- Formalized oversight responsibilities of sustainability
initiatives by the Company’s Board of Trustees and its
committees.
“Public Storage’s engaged and diverse team, innovative and
sustainable operations, and financial fortitude are recognized with
top U.S. self-storage peer group rankings across the leading
sustainability benchmarks, including GRESB,” said Joe Russell,
Chief Executive Officer. “Our proactive, forward-looking strategies
reflect our commitment to achieving positive environmental and
social impacts while positioning the company for long-term
resilience, growth, and value creation.”
Company Information
Public Storage, a member of the S&P 500 and FT Global 500,
is a REIT that primarily acquires, develops, owns, and operates
self-storage facilities. At September 30, 2022, we had: (i)
interests in 2,836 self-storage facilities located in 40 states
with approximately 202 million net rentable square feet in the
United States and (ii) a 35% common equity interest in Shurgard
Self-Storage SA (Euronext Brussels:SHUR), which owned 259
self-storage facilities located in seven Western European nations
with approximately 14 million net rentable square feet operated
under the Shurgard® brand. Our headquarters are located in
Glendale, California.
Additional information about Public Storage is available on the
Company’s website at PublicStorage.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221128005809/en/
Ryan Burke (818) 244-8080, Ext. 1141
Public Storage (NYSE:PSA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Public Storage (NYSE:PSA)
Historical Stock Chart
From Sep 2023 to Sep 2024