Public Storage Issues Sustainability Report

Public Storage on Thursday released its 2021 Sustainability Report detailing how the company has positioned itself for long-term growth.The Glendale self-storage REIT reduced its carbon footprint and waste consumption by 12 percent in 2020 through LED lighting conversions, solar power installations and low-water irrigation upgrades. Also, it has created new green career paths within the company and enhanced  enterprise risk management by forming board-driven sustainability oversight.In the past eight months, a board-member configuration has unfolded that has resulted in six new board members. Three of the new trustees are women and two of them self-identify as racially diverse, according to the company.Public Storage Chief Executive Joe Russell said in a statement: “Our more than 2,600 properties and 5,400 employees are serving our customers and communities with a focus on transforming the customer experience through innovation, growing through acquisitions and development, and enhancing (company) resilience.”Shares of Public Storage (PSA) dropped 35 cents, or a fraction of a percent, on Thursday to close at $300.34 on the New York Stock Exchange.