Self Storage Sustainability: Real Estate ESG — Wellness Design Consultants
Sustainability in Self-Storage Real Estate
Within the real estate industry as a whole, the self storage industry has a relatively low environmental impact due to lower than average energy, water, and waste usage, as well as fewer people spending prolonged periods of time on site on a regular basis.
That said, there remain opportunities for forward-thinking self-storage real estate funds and development companies with an eye on ESG sustainability targets to ensure they are doing everything possible to reduce the negative environmental impacts associated with their building portfolio.
These sustainability efforts can be executed physically through self-storage building construction and interior fit-outs as well as the business’s ongoing operations; that can then be combined with a more strategic, corporate level Environmental, Social, and Governance (ESG) piece to complete the picture.
Sustainable Self-Storage Building Strategies
Self-storage spaces take a more nuts-and-bolts sustainability approach in comparison to some of the more occupant heavy building industries.
Nonetheless, a number of strategies from the worlds of waste, water, energy, and materials can still be applied here to help reduce environmental impact.
Waste efficiency in sustainable self-storage real estate
Waste can be reduced and managed most effectively in both the construction phase and in-use phase of self-storage buildings, no matter what their previous sustainability credentials.
Overall, the goal is to divert as much waste from landfill as possible throughout all phases of the building cycle.
During construction, it is important to reduce the damage of materials or products whenever possible to avoid excess waste.
In addition, a site waste management plan should be employed to ensure proper disposal techniques and awareness of waste when it is produced.
Building strategies that produce less waste such as modular construction can also be deployed to reduce overall waste production in the manufacturing and building processes.
In the in-use phase, self-storage facilities should offer recycled packaging materials whenever possible to encourage sustainable client habits.
In addition, there should be recycling facilities available on-site, and whenever possible, paper use should be eliminated through the use of technology in all client relations.
Water in sustainable self-storage real estate
Water efficiencies and reductions should be included in both landscaping and internal plumbing design.
In the interior, self-storage facilities tend to have minimal water use, with maybe one or two bathrooms on-site.
Although this is a relatively low impact, it is important to install low-flow fixtures and efficient plumbing in all bathrooms to reduce water use.
On the exterior and within landscaping, strategies such as xeriscaping should be implemented to reduce the amount of water necessary to upkeep the flora on-site.
In addition to lowering irrigation needs, water runoff controls and stormwater retention schemes should be incorporated when possible.
Energy in sustainable self-storage real estate
Similarly to real estate water efficiency strategies, energy efficiency should be considered both in and outside of the self-storage buildings from a real estate sustainability perspective.
On the interior, the use of efficient LED bulbs and sensor-based lighting tactics should be integrated.
In addition, HVAC systems should be optimized for efficiency to avoid unnecessary temperature control and excess heating or cooling.
On the exterior, strategies such as the implementation of renewable energy sources, most commonly rooftop or even building facade solar panels, can be very effective.
In addition, strategies such as installing green (landscaped) or white roofs can reduce energy demands as they increase cooling / reduce the urban heat island effect.
Sustainable Materials in self-storage real estate
From a real estate ESG point of view, construction and fit-out materials in a self-storage building should ideally be selected by origin location, resiliency, and recyclability to increase project sustainability.
From a holistic perspective, life cycle assessments (LCAs) and/or leveraging 3rd party certifications such as Cradle2Cradle, Declare, EPDs and HPDs, will help to determine which materials are the most sustainable for each project.
Local materials are desirable as they reduce transportation emissions, and materials that are bio-based, rapidly renewable, and contain a high recycled content tend to be the most sustainable options.
In addition, materials that are durable and have high structural resilience are beneficial as they will last longer and therefore avoid emissions and costs associated with replacements. Decisions such as what kind of flooring should be installed should be considered carefully with sustainability factors kept in mind.
ESG Corporate Strategy in self-storage real estate
From a more corporate level, real estate ESG strategies should be implemented to ensure sustainability proliferates in all aspects of a self-storage business model.
Environmental efforts should be focused on managing a company’s environmental responsibility. This includes an overall goal of conserving resources and energy and reducing waste.
To monitor these objectives, companies should utilize data collection, LCAs and impact assessments, and incorporate company-wide climate initiatives. To aid in these endeavors, companies can utilize online ESG management software tools such as Measurbl.
Social objectives focus on the employees and the social impact that a company has. The aim should be to create a safe, healthy, diverse workspace that allows employees to do the best work for customers.
To achieve these goals, companies should provide career development and training opportunities, a health and safety strategy, social engagement within the community, and even provide affordable sustainable housing opportunities for workers.
As with other ESG management strategies, various online software tools such as the Brightest Platform can be utilized to aid in social performance.
Governance strategies aim to increase company transparency and integrity through effective management plans.
Creating policies to better monitor a company such as codes of conduct, data privacy regulations, and documenting ESG goals are all beneficial. In addition, risks associated with the business should be understood, including climate risks.
Governance is essentially the oversight of all systems within a company, so it therefore can help to set guidelines, and organize and report data to increase and promote a transparent, ethical company. Online tools such as Workiva can be used to help ESG tracking and reporting.
Sustainable Building Certifications for self-storage real estate
As self-storage companies are searching for ways to improve sustainability throughout their buildings and business, implementing green building certifications can help grasp these goals.
Sustainability focused standards such as LEED and BREEAM for example, can provide specific building strategies to improve sustainability.
If a certification is desired, project teams should outline goals and align with the desired standard(s) from the onset. If certification is not the end goal, the standards can still provide valuable information and can act as guides towards greater environmental sustainability.
Examples of sustainable self-storage real estate
There are several self-storage companies that have implemented numerous sustainability strategies within their businesses. Learning from other ESG reports can provide information about precedents and guidance on what is possible within the sector.
For example, in Public Storage’s most recent sustainability report, they mention their future-thinking goals of carbon, water, waste and energy reductions. Already, they have implemented strategies such as LED lighting, solar power generation, low-water-use landscaping, battery energy storage, and high structural resilience.
In addition, Life Storage has integrated cool roofs in all of their projects, as well as using LED lighting, efficient HVAC systems, a waste management policy, and low-water irrigation systems. Their ESG report highlights these building-level environmental initiatives as well as their company-level sustainability achievements and goals.
The Importance of Sustainability in Self-Storage Facilities
Sustainability is a crucial aspect of self-storage facilities, offering a dual benefit of environmental conservation and enhanced business reputation. Self-storage facilities, like any other real estate, have a significant environmental impact. By adopting sustainable practices, these facilities can substantially reduce their carbon footprint, contributing to a healthier planet.
Moreover, sustainable self-storage facilities can attract eco-conscious customers who prioritize environmental responsibility. This not only helps in differentiating the facility from competitors but also builds a loyal customer base that values sustainability. Implementing sustainable practices can lead to cost savings through improved energy efficiency and reduced waste management expenses.
By embracing sustainability, self-storage facilities can contribute to a more sustainable future. Reducing their environmental impact not only benefits the planet but also positions the facility as a forward-thinking, responsible business in the eyes of consumers.
Sustainable Design and Operations
Sustainable design and operations are essential for self storage facilities aiming to minimize their environmental impact. Incorporating sustainable building materials, such as recycled steel and eco-friendly insulation, can significantly reduce waste and conserve natural resources. These materials not only support environmental goals but also enhance the durability and efficiency of the building.
Energy-efficient design principles, such as maximizing natural lighting and using high-quality insulation, can help reduce energy consumption and lower energy costs. Additionally, self storage facilities can implement renewable energy sources, such as solar panels, to further reduce their reliance on non-renewable energy sources and decrease their overall environmental impact.
Sustainable operations practices, such as reducing paper usage through digital administration and providing recycling facilities on-site, also contribute to a more sustainable future. By integrating these sustainable practices, self storage facilities can operate more efficiently and responsibly.
Energy Efficiency in Self Storage
Energy efficiency is a critical aspect of self storage facilities, playing a significant role in reducing energy consumption and lowering operational costs. One effective strategy is the implementation of energy-efficient LED lighting, which not only reduces energy usage but also improves lighting quality and longevity.
Energy-efficient HVAC systems are another crucial component, helping to maintain optimal indoor air quality while minimizing energy consumption. Additionally, using energy-efficient appliances and equipment throughout the facility can further reduce energy usage and operational costs.
By adopting these energy-efficient practices, self storage facilities can significantly reduce their carbon footprint. This not only contributes to a more sustainable future but also enhances the facility’s reputation as an environmentally responsible business.
Reducing Waste Through Efficient Space Management
Self storage helps improve the efficiency of storage space in a business setting. The increase in the number of apartments and businesses in town is likely to help reduce building construction. Similarly, it could enable businesses with good stock management as it would allow for a storage facility for all of their items to be organized. It would also reduce problems resulting in overproduction.
Climate-Controlled Storage
Using climate-controlled storage is essential for protecting your belongings from extreme temperatures, humidity, and weather fluctuations. This type of storage ensures that delicate items such as electronics, furniture, artwork, and important documents are shielded from moisture, mould, and potential damage. With consistent temperature and humidity levels, climate-controlled units reduce the risk of warping, cracking, or other types of degradation, offering long-term protection for valuable or sensitive items. This method is ideal for anyone seeking reliable preservation in varying environmental conditions.
Community Engagement and Outreach
Community engagement and outreach are essential for self storage facilities to promote sustainability and environmental awareness. Partnering with local environmental organizations and community groups can help amplify sustainability efforts and foster a sense of community involvement.
Hosting educational events and workshops is an effective way to raise awareness about the importance of sustainability and environmental conservation. These events can provide valuable information and resources to the community, encouraging more sustainable practices.
Participating in community clean-up events and tree-planting campaigns further demonstrates a commitment to environmental conservation. By engaging with the community in these meaningful ways, self storage facilities can promote sustainability and contribute to a more sustainable future.
Sustainable Materials and Practices
Sustainable materials and practices are essential for self storage facilities aiming to reduce their environmental impact. Using sustainable building materials, such as recycled steel and eco-friendly insulation, helps conserve natural resources and reduce waste. These materials are not only environmentally friendly but also enhance the durability and efficiency of the building.
Eco-friendly packing materials, such as biodegradable boxes and recycled bubble wrap, can also help reduce waste and conserve natural resources. Encouraging customers to use these materials promotes sustainable habits and reduces the overall environmental impact of the facility.
Implementing sustainable practices, such as reducing paper usage through digital administration and providing recycling facilities on-site, further supports environmental goals. By using sustainable materials and practices, self storage facilities can significantly reduce their environmental impact and contribute to a more sustainable future.
Promoting Recycling and Reuse Efforts
It helps to reuse the materials in the environment to help you live the most sustainable life possible. Self-storaged goods are useful for future use rather than thrown out because you have to locate a suitable storage area. Many self-storage companies hold donations or recycling events, with some self-storing units serving as drop offs. Our Bicester shop was able to drop off a Bicester babybank when they ran a HomeSchool Equipment Appeal.
Green Building Design
Install environmentally conscious building techniques based on sustainable materials may reduce environmental impacts and appeal to an edifying clientele. Green buildings reduce energy use and reduce their carbon footprint. Energy efficiency designs, including the use of daylighting and insulation, offer a range of cost savings. In addition to reducing operational costs, these solutions contribute towards a green footprint.
Extra Space self-storage real estate REIT with sustainable practices
Extra Space are a US brand recognised by GRESB as No.1 for their ESG efforts that include an energy efficiency strategy with LED or T-8 lighting systems, a solar program maximizing the use of rooftops for clean energy production, and a focus on recycled materials in their boxes and packing supplies. Their storage units are designed with energy-efficient technology and sustainable features, such as eco-friendly pest control and renewable energy sources, to enhance environmental impact. Additionally, they have a paper-use reduction plan prioritising digital administration procedures, efficient plumbing devices, and irrigation systems combined with xeriscaping to limit water demand. For more information on their Social Policy, see the annual report here.
https://www.extraspace.com/self-storage/sustainability/
contact us to discuss your self-storage ESG and sustainability project.