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CubeSmart, often referred to simply as CubeSmart, stands as a leading US-based real estate investment trust (REIT) within the burgeoning self-storage industry. Operating extensively across the United States, the company is recognised as one of the nation's largest providers of secure, flexible storage solutions.
Its core business involves the ownership, operation, management, and development of modern self-storage properties. CubeSmart offers a comprehensive range of services, including personal storage units, business storage, and specialised climate-controlled storage options to meet diverse customer needs.
What sets CubeSmart apart is its commitment to providing "smart" storage experiences, leveraging technology for easy online rentals and account management. This focus on convenience, security, and exceptional customer service firmly positions CubeSmart as a prominent player in the competitive self-storage market.
37
DitchCarbon score
+1 vs industry average
Cubesmart’s score of 37 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Business Services is among the least carbon-intensive industries
Industry performance
0.146
20182025
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Cubesmart's reported carbon emissions
CubeSmart reported total Scope 1 and 2 emissions of approximately 30,409,000 kg CO2e in 2024. This includes about 5,153,000 kg CO2e from Scope 1 and approximately 25,256,000 kg CO2e from Scope 2. In 2023, their Scope 1 and 2 emissions were around 33,102,000 kg CO2e.
CubeSmart has set several climate commitments:
- A near-term target to reduce Scope 1 and Scope 2 GHG emissions by 10% on a like-for-like basis by 2024, from a 2019 baseline.
- An absolute near-term target to reduce Scope 1 emissions by 25% by 2030, from a 2024 baseline.
- An absolute near-term target to reduce Scope 2 emissions by 25% by 2030, from a 2024 baseline.
- Long-term goals to achieve net-zero Scope 1 emissions by 2050 and net-zero Scope 2 emissions by 2050.
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Cubesmart’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
See details
Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Cubesmart3 months ago
37
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