We actively work to protect the environment while simultaneously improving the resiliency of our portfolio and making our operations more cost effective. Environmental efficiency in our building design and operations is important to our company, our stakeholders and our customers.

Green Buildings

Life Storage is a silver member of the U.S. Green Building Council (USGBC®). The USGBC® developed the Leadership in Energy and Environmental Design (LEED) green building rating system. LEED provides the framework to create healthy, highly efficient, and cost-saving green buildings. This membership offers educational courses for our operations and construction management staff to keep them informed on the latest green building practices. Currently, 25% of the Expansion and Development team are LEED accredited.

The Life Storage wholly owned portfolio currently includes two certified-sustainable buildings in Deer Park, NY (USGBC Certified LEED Silver) and Chamblee, GA (Green Globe Certified One Green Globe). We also have several requirements in place to further our goal of having more green buildings, including:

  • Energy-efficient technologies on all new roofs
  • Mandatory replacement of LED light fixtures
  • Energy-efficient HVAC units
  • Mandatory installation of motion sensors and energy-efficient lighting.

Sustainable Construction & Design

We believe that sustainable construction and design are integral to a resilient portfolio of properties. All facilities in the Life Storage portfolio must meet a rigorous set of internally developed energy efficiency guidelines. In addition, we are constantly identifying new, cost-effective opportunities to reduce our environmental impacts.

Roofing

All Life Storage roofing projects must use cool roof technologies...

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Lighting

Per Life Storage design guidelines, LED lights are mandatory for all new buildings...

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Heating & Cooling

New central air conditioning systems must be high-efficiency models...

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Renewable Energy

We are actively installing renewable energy at our locations...

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Water Consumption

Self-storage facilities typically have low rates of water consumption...

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Recycling & Waste Reduction

We seek to reduce our waste output as much as possible...

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Sustainable Operations

We integrate sustainability into the day-to-day operations of all Life Storage facilities. Highlights include:

  • Regular assessment of our portfolio's vulnerability to climate change-related risks:
    • Only two of our wholly owned stores are below sea level, representing just 0.36% of our portfolio
  • Availability of lower-environmental impact packing materials:
    • Boxes made from approximately 45% recycled content, certified by the Sustainable Forestry Initiative
    • Locks made of 100% recycled material
    • *Estimation from third-party vendors
  • Significant reduction of the use of paper documents, such as customer leases, communications and contractor proposals, and employee processes, through more efficient technology platforms:
    • Average per-store paper consumption decreased 38% from 2018 to 2019
    • Despite the 22% growth in the number of stores, our gross paper expense shrank by approximately 12.5% per store
    • *Calculation based on estimated data from third-party vendors
  • Extensive, cloud-based 99-point check of all utility bills to identify damaged and underperforming HVAC units, assess the integrity and energy performance of our exterior building shell, and other leaks or energy wastes
  • Evaluation of vendors & suppliers considers sustainable practices and product offerings
Women in Storage Unit

Climate Change Awareness

Life Storage takes seriously the risk of climate change. That is why we are committed to monitoring and mitigating the risks to our assets, as well as to reducing our emissions. Life Storage is in the process of adopting the guidance of the Task Force on Climate-related Financial Disclosures (TCFD), weighing climate change risks across four key areas:

  1. Governance

    Ultimate oversight for sustainability and climate-related topics lies with the Board of Directors. Our Environmental, Social and Governance Committee, which is led by our Senior Vice President of Strategic Planning and Investor Relations and reports to our Chief Executive Officer, is in charge of assessing and addressing climate-related business risks and opportunities.

  2. Metrics

    We closely monitor the impact of our portfolio and energy efficiency. Further, we continuously invest in renewable energy and track our clean energy generation. One of the primary 2020 goals of our Environmental, Social and Governance Committee is to establish internal standards by which to assess climate-related risks and opportunities.

  1. Strategy

    The primary risk we face from climate change is physical risk from extreme weather. We do evaluate the business opportunity from renewable energy incentives and the falling price of renewables to install renewable energy at our facilities. As we use minimal energy and water, direct or indirect regulatory and resource availability issues are not significant concerns for current or future operations.

  2. Risk Management

    At an enterprise level, risks including those related to climate and other environmental and resource-related risks (e.g. energy, climate, water, infrastructure) are within the scope of the relevant environmental and construction teams. These risks include those related to the physical, economic, and business continuity impacts that could arise as a result of climate change. As discussed in our Environmental section, we have taken a number of steps to minimize our energy and water usage, as well as consider physical risks in our construction process.