CubeSmart, a self-storage real estate investment trust (REIT) and third-party management company, released its inaugural Sustainability Report, which covers 2020. The publication showcases the REIT’s dedication to generating sustainable growth and minimizing operational impact through a commitment to employees and community as well as strong corporate governance, according to a press release. The complete report can be found in the Investor Relations and Corporate Responsibility areas of cubesmart.com.
The report outlines CubeSmart’s specific targets for sustainability goals across environmental, social and governance initiatives. Last year the company achieved significant reductions in energy (9.8%) and greenhouse-gas emissions (12.8%). It also increased renewable-energy generation by 37%. In addition, the REIT enacted a Code of Ethics and Conduct & Human Rights for Vendors and Suppliers to encourage sustainable behavior throughout its supply chain, the release stated.
“I am proud that today we have published our inaugural Sustainability Report, reflecting the various initiatives we have undertaken to ensure CubeSmart is built for the long-term,” said CEO and president Christopher P. Marr. “We look forward to using this report to share our progress along our stated goals in the coming years.”
CubeSmart owns or manages 1,251 self-storage facilities across the United States. Its operating portfolio comprises 86.8 million square feet.
CubeSmart, CubeSmart Publishes Inaugural Sustainability Report