Public Storage Releases 2021 Sustainability Report | Business
GLENDALE, Calif .– (BUSINESS WIRE) – June 29, 2021–
Public Storage (NYSE: PSA) today announced the release of its 2021 Sustainability Report detailing how the company’s engaged and diverse team, innovative and sustainable operations, and financial strength position the company for growth and a long-term resilience.
The Company has stepped up its efforts in terms of sustainable development, in particular:
- Create new career paths for upward mobility and establish an employee engagement committee to ensure that the perspectives of team members are understood and considered through the implementation of initiatives in the whole company;
- Reduce energy consumption, carbon emissions, water consumption and waste production by 12%, on average, in 2020 compared to 2019 through proactive initiatives such as LED lighting conversions, solar power installations and low water consumption irrigation upgrades; and
- Improve corporate risk management, formalize oversight of board sustainability through the Nominating, Governance and Sustainability Committee, and undertake significant changes in board composition by adding six independent directors over the eight last months. Three of the new directors are women and two identify as racially diverse.
“Our more than 2,600 properties and 5,400 employees serve our customers and communities with a focus on transforming the customer experience through innovation, growth through acquisitions and development, and improving the resilience of our properties and our business, ”said Joe Russell, Managing Director. Officer. “We are delighted to share our progress, our commitments and our perspectives in the 2021 sustainability report.”
Public Storage, a member of the S&P 500 and the FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. As at March 31, 2021, we held: (i) interests in 2,563 self-storage facilities located in 38 states with approximately 176 million net rentable square feet in the United States, (ii) an ordinary interest of approximately 35% in Shurgard Self-Storage SA (Euronext Brussels: SHUR) which owned 243 self-storage facilities located in seven Western European countries with approximately 13 million net rentable square feet operated under the “Shurgard” brand, and (iii ) an approximate 42% interest in PS Business Parks, Inc. (NYSE: PSB) which owned and operated approximately 28 million square feet of leasable retail space as of March 31, 2021. Our head office is located in Glendale, California .
Additional information on public storage is available on the Company’s website at PublicStorage.com.
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CONTACT: Ryan Burke
(818) 244-8080, ext. 1141
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: COMMERCIAL BUILDING AND REAL ESTATE CONSTRUCTION AND REAL ESTATE ENVIRONMENT REIT
SOURCE: Public storage
Copyright Business Wire 2021.
PUB: 06/29/2021 4:05 PM / DISC: 06/29/2021 4:06 PM
Copyright Business Wire 2021.