Asia Self-Storage Operator StorHub Achieves Arc Skoru Certification, Advances Toward LEED

January 24, 2024

3 Min Read

StorHub Group, which operates self-storage facilities in Australia and Asia, has achieved certification in Arc Skoru, a sustainability-reporting tool from Green Business Certification Inc. and the U.S. Green Building Council. The company is also on track to earn a Leadership in Energy and Environmental Design (LEED) v4.1 Operation and Maintenance certification, according to a press release.

To support its Singapore Green Plan 2030, StorHub secured a SGD180 million sustainability-linked loan, a form of financing whose terms are tied to a borrower’s environmental, social and governance (ESG) execution. The capital was obtained through Commerce International Merchant Bankers Bank and United Overseas Bank Ltd., with a margin adjustment tied to the environmental performance of StorHub’s 13 locations in Singapore.

StorHub partnered with engineering firm GreenA Consultants and UnaBiz, a provider of Internet of Things (IoT) technology, to green certify its portfolio in Australia, Greater China, Japan, Korea and Malaysia. The initiatives will include:

  • Installing photovoltaic solar panels with capacity to fuel approximately 25% of the company’s total energy needs

  • Increasing the number of electric vehicle-charging stations from 14 to 32 in 2024.

  • Adding services at 18 properties to collect and reuse more than 35 tons of recyclables

  • Smart monitoring to improve a reduction in emissions

  • Various other measures to enhance energy efficiency including a roof garden and hydroponics

“At StorHub, we believe in the power of collaboration and innovation to drive measurable sustainability goals. We are committed to integrating ESG principles across our facilities in the Asia Pacific,” said CEO Mike Hagbeck. “Working with GreenA Consultants and UnaBiz enables us to structure the sustainability efforts and collect reliable and accurate data for compliance with reporting standards like LEED to facilitate audits and certifications, and to create self-storage facilities that add value to our customers, investors, partners, communities and a greener environment.”

“StorHub’s leadership commitment to sustainability and innovative practices has enabled us to push forward with the implementation across multiple assets in the most cost-effective and efficient manner,” said Farizan d’Avezac de Moran, senior partner for GreenA. “StorHub has shown an all-round commitment to sustainability beyond energy and has included strong social and governance action. Together, we are making a beneficial, positive environmental and economic impact in the self-storage industry.”

“We are proud to be part of this milestone project, which showcases the possibilities of digitalization and IoT technologies in driving sustainability,” said UnaBiz Managing Director Jonathan Tan. “GreenA’s expertise in implementation of sustainable practices for net-zero and net-positive energy buildings coupled with UnaBiz’s end-to-end IoT solutions, help StorHub collect fit-for-purpose data, which can be benchmarked for sustainability reporting and green certifications.”

Launched in 2003, StorHub owns and manages self-storage facilities spanning 6.8 million square feet in 70,000 units.

Singapore-based GreenA was founded in 2009. It offers certification, environmental audits and studies, green reporting, and protocol development.

Founded in 2016 and headquartered in Singapore, UnaBiz is a global IoT service provider that specializes in solution design, manufacturing, connectivity and data-platform services.

Source: Eco Business, StorHub, GreenA Consultants and UnaBiz Partner to Achieve Green Certification for the Largest Portfolio of Self Storage Facilities in Singapore

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