Find Local Storage

 
Self-Storage REIT NSAT Issues Inaugural Environmental, Social and Governance Report
NSAT has a portfolio comprises approximately 48.9 million net rentable square feet

May 21, 2020: National Storage Affiliates Trust (NSAT), has published its first report chronicling its environmental, social and governance (ESG) achievements since establishing a steering committee last year to oversee its corporate initiatives. The 15-page report includes an overview of the company and how it has performed in each of the three categories.

“We are committed to conducting business in accordance with our core values of integrity, accountability, humility and compassion, which we believe benefit all of our stakeholders. These principles have guided our business conduct since formation, and we recognize that an enhanced level of disclosure surrounding ESG initiatives is becoming increasingly important. This inaugural report is intended to mark the beginning of our formal efforts to communicate our achievements with all stakeholders.” Said by Tamara Fischer, CEO. 

The company started its environmental initiatives by replacing light fixtures across its portfolio with LED bulbs. Since implementing this effort in October 2018, the REIT has completed LED implantation at more than 300 self-storage properties and will continue the program this year. The company also installing motion sensors and examining waste management and water conservation across its property network.

NSAT social initiatives include community-outreach programs and charitable activity. 35 percent of the company’s senior-management team are women. Fisher is one of 10 female CEOs from more than 200 public U.S. REITs, according to the report. Across the company’s workforce, 56 percent of employees are women and 16 percent are African American. NSAT is keeping an emphasis on diversity and inclusion

NSAT headquartered in Greenwood, Colo., is a self-administered and -managed REIT focused on the acquisition, operation and ownership of self-storage properties within the top 100 U.S. Metropolitan Statistical Areas throughout the United States. The company has ownership interest in 780 storage facilities in 35 states and Puerto Rico. It's owned by its affiliate operators, who are contributing their interests in their self-storage assets over the next few years as their current mortgage debt matures.


Source:       www.insideselfstorage.com/reits/self-storage-reit-nsat-issues-inaugural-environmental-social-and-governance-report