Public Storage

Public Storage, a US-based real estate services company, reported significant carbon emissions for the 2024 reporting year. The company's total Scope 1, 2, and 3 emissions for 2024 were approximately 139.8 billion kg CO2e. This breaks down into Scope 1 emissions of about 18.3 million kg CO2e, and Scope 2 emissions (market-based) of approximately 85.8 million kg CO2e. Scope 3 emissions for 2024 were substantial, with purchased goods and services accounting for about 44.8 billion kg CO2e, and capital goods contributing approximately 181.8 billion kg CO2e.

For the 2023 reporting year, Public Storage's Scope 1 emissions were around 19.2 million kg CO2e, and Scope 2 emissions (market-based) were approximately 89.0 million kg CO2e. Scope 3 data was not disclosed for 2023, with missing data points for purchased goods and services, and capital goods.

In terms of climate commitments, Public Storage is working towards a net-zero pathway and is considering science-based targets. The company has set an absolute emissions reduction target of 12% for both Scope 1 and Scope 2 by the end of 2025, using a 2022 baseline. Additionally, Public Storage aims to achieve a 45% reduction in utility-based emissions, calculated on an intensity basis (kg CO2e/ft²), no later than 2032, based on a 2022 baseline. They also had a target to reduce Scope 1 and Scope 2 emissions by 30% from a 2020 baseline by 2030. In 2021, the company achieved a like-for-like reduction of 5% in CO2 emissions.