Cubesmart Sustainability Profile
CubeSmart, a leading self-storage company headquartered in the United States, has been serving customers since its founding in 2004. With a strong presence across major operational regions, including the East Coast and Midwest, CubeSmart has established itself as a trusted name in the self-storage industry. The company offers a diverse range of storage solutions, including climate-controlled units and vehicle storage, catering to both personal and business needs. What sets CubeSmart apart is its commitment to customer service and innovative technology, ensuring a seamless storage experience. Recognised for its market position, CubeSmart has achieved significant milestones, including a robust portfolio of over 1,200 properties nationwide. With a focus on accessibility and security, CubeSmart continues to redefine the self-storage landscape, making it a preferred choice for customers seeking reliable storage options.
DitchCarbon Score
How does Cubesmart's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Computer Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Cubesmart's score of 33 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cubesmart's reported carbon emissions
In 2023, CubeSmart reported total carbon emissions of approximately 33,102,000 kg CO2e, comprising 7,326,000 kg CO2e from Scope 1 and 25,776,000 kg CO2e from Scope 2 emissions. This reflects a slight increase in emissions compared to 2022, where total emissions were about 32,876,000 kg CO2e, with Scope 1 at 6,425,000 kg CO2e and Scope 2 at 26,451,000 kg CO2e. CubeSmart has set ambitious near-term reduction targets, aiming for a 10% like-for-like reduction in greenhouse gas (GHG) emissions by 2024, using 2019 as the baseline year. This target applies to both Scope 1 and Scope 2 emissions, indicating a commitment to improving operational efficiency and reducing environmental impact. The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the supply chain and product use. However, their focus on Scope 1 and 2 emissions demonstrates a proactive approach to climate commitments within their operational control. Overall, CubeSmart's emissions data and reduction initiatives reflect a growing awareness of climate impact and a commitment to sustainability in the self-storage industry.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 7,398,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 27,984,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is Cubesmart's Industry?
How Carbon Intensive is Cubesmart's Location?
Cubesmart's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Cubesmart has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
