Public Storage is committed to doing its part to reduce its environmental footprint and help shape a sustainable future for our planet.
To that end, we recently joined Energy Impact Partners (EIP), a global investment firm, in their newest $1 billion fund focused on developing critical climate and sustainability solutions. EIP comprises a comprehensive ecosystem of energy providers and innovators focused on accelerating progress towards a sustainable future. Public Storage is one of the first real estate companies to join EIP.
“We are pleased to join EIP and our partners in investing in the transition to a low-carbon energy future,” said Joe Russell, Public Storage’s President and Chief Executive Officer. “Our partnership with EIP further demonstrates our commitment to sustainable value creation for our stakeholders. We are excited to help shape a sustainable future as we continue to execute on our growth strategies at Public Storage.”
As a leader in the self-storage industry, we’ve long focused on environmentally friendly practices. Our self-storage properties are low impact, have approximately one-tenth the environmental impact of other property types (e.g., office and apartment buildings) in regards to energy use, carbon emission, water use, and waste production.
As a good corporate citizen, we actively reduce our impact even further through initiatives including solar power generation, LED lighting, efficient HVAC upgrades, and low water use landscaping. In fact, we reduced our energy use, carbon emission, water use, and waste production by 12%, on average, last year.
Through EIP, we are collaborating with the sustainability experts in helping enhance and accelerate a sustainable future for Public Storage and the world.