Extra Space is dedicated to implementing Environmental, Social, and Governance best practices because they enable us to maintain performance in an everchanging world. These sustainability initiatives are based on a long-term perspective for our company; we are building Extra Space Storage to be a strong, successful enterprise for decades to come. Learn more about our initiatives in our Annual Sustainability Report, including details about solar power, diversity and inclusion, portfolio resilience, and corporate governance initiatives.
Strong ESG policies and practices benefit shareholders, communities, employees, customers, and the environment. We are committed to being good stewards of the planet along with being good stewards of our shareholders' capital.
We are proud to have been recognized for our sustainability efforts by thought leaders, including GRESB, S&P Global SAM, and Sustainalytics. Our record for improvement in our benchmark ratings shows our focus on becoming better and better each year, and we are proud to be the only storage company to receive NAREIT’s Leader in the Light Award recognizing our efforts.
Relative to Other Asset Classes1
As concerns about COVID-19 continued into 2021, we stayed vigilant in our efforts to keep employees and customers safe. This meant continuing our “Extra Safe, Extra Clean” policies from 2020, our contactless rental options for customers, and our multiple employee support benefits.
It also included some of the following new initiatives: