Public Storage

Public Storage's reported carbon emissions

Public Storage, a real estate services company headquartered in the US, has reported significant emissions data and established climate commitments. For the 2024 reporting year, Public Storage's total carbon emissions were approximately 61.1 billion kg CO2e. This total is comprised of: * **Scope 1 emissions:** Approximately 18.3 million kg CO2e. * **Scope 2 emissions (market-based):** Approximately 85.8 million kg CO2e. * **Scope 3 emissions:** A substantial portion of their footprint, including significant contributions from purchased goods and services (approximately 44.8 million kg CO2e), capital goods (approximately 181.8 million kg CO2e), and fuel and energy-related activities (approximately 23.2 million kg CO2e). Public Storage has set forth several reduction targets. Notably, they aim for a 12% emissions reduction by the end of 2025, using a 2022 baseline for Scope 1 and Scope 2 emissions. Furthermore, they have established a long-term intensity-based target to achieve a 45% reduction in utility-based emissions (measured as kg CO2e per square foot) by 2032, also from a 2022 baseline. The company is also working towards a net-zero pathway, with consideration of science-based targets. Past achievements include a 5% reduction in CO2 emissions in 2021 compared to 2020.