March 30, 2024

2 Min Read

The William Warren Group (WWG), a privately held real estate company that operates the StorQuest Self Storage brand, released its inaugural impact report, highlighting the company's progress across environmental, social and governance (ESG) pillars. In it, the company announced a series of initiatives and commitments to build upon its progress to date in reducing greenhouse-gas emissions; reducing energy, water and waste; and enhancing workforce diversity. It also unveiled a new strategic framework with the company's plans to accelerate ESG progress across the board, according to a press release.

“In sharing this report, we're committed to providing stakeholders with transparent information on our projects, practices and policies,” said WWG President Clark Porter. "As a company, William Warren Group and StorQuest Self Storage are focused on innovating and building for the long term. Many of the strategies in the report provide the guidance with which we will move forward and create a foundation for our growth and success.”

Highlights of the report include:

  • Achieving carbon neutrality: In 2022, WWG achieved an absolute reduction of more than 1,400 metric tons of CO2 emissions and equivalents from its managed portfolio compared with 2021, despite a 34.5% increase in gross floor area. Through decarbonization initiatives and the purchase of verified carbon-offset credits, the company has reached carbon neutrality at the asset level since 2021. Total reductions for 2023 will be published in a report addendum.

  • Conserving resources: WWG established key targets to reduce its grid energy, natural gas, water and greenhouse-gas intensity by 5% year over year from its 2021 baseline. To bolster these efforts, it implemented a new process for collecting and analyzing consumption data, with the goal of 100% data coverage across its portfolio by year's end.

  • Spearheading conservation pilots: The company announced plans for new pilots focused on rainwater harvesting, heat mitigation, and the creation of community shade and solar to promote resource efficiency, water conservation and biodiversity as well as to increase access to low-cost renewable energy.

  • Advancing diversity, equity and inclusion (DEI): WWG is planning strategies to further embed DEI into its hiring and onboarding processes, daily work culture and leadership pipeline.

  • Supporting environmental nonprofits: Through its “StorQuest for a Cause” program, the company donated more than $109,000 to community partners like Friends of the Los Angeles River, Hawaiian Legacy Reforestation Initiative and One Tree Planted from 2022 through the second quarter of 2023. Since the report's writing, the company’s 2022 to 2023 total has grown to more than $150,000.

Founded in 1994 and based in Santa Monica, Calif., WWG acquires, develops and operates more than 280 self-storage facilities nationwide.

Source: PR Web, Building Beyond Today: William Warren Group Releases First Impact Report, Announces Environmental and Social Goals

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