Sustainability

NSR’s highly focused Four Pillars Growth Strategy has evolved in FY24 with the introduction of our new Sustainability pillar, demonstrating our tangible commitment to ensuring sustainability overlays all aspects of our business. NSR strives to instil trust and confidence that we are building a resilient and sustainable business for our stakeholders. This will be achieved through improving our solar generation capacity to further reduce centres’ energy costs and carbon footprint, charting a pathway to net zero emissions, focusing on adaptive reuse, recycling, design efficiency and material selection, improving our customers’ experience, heightening staff engagement, and supporting our partners and the communities in which we operate.

This reflects our determination to be the most attractive investment in our sector – because we overlay our business with a sustainable lens, creating trust and confidence that we are building a business for the benefit of our securityholders, customers, employees, communities, and the planet. NSR is working to improve its solar generation capacity to further reduce our centres’ energy costs and our carbon footprint, while charting a pathway to net zero emissions. Through the development and improvement of our centres, NSR focuses on adaptive reuse, recycling, design efficiency and material selection, improving our customers’ experience, and heightening staff engagement. A key achievement in FY23 included the completion of our third carbon audit across the NSR group. This audit again highlighted NSR’s relatively low carbon emissions with its Scope 1 and 2 emissions sitting at an average of 38 tonnes of CO2e per centre, a reduction of approximately 30% per centre compared to the inaugural June 2020 audit. In addition, we have undertaken a climate impact risk assessment of our portfolio to identify those assets that may be vulnerable to hazards caused by extreme weather and climate change.

This year will see the release of National Storage’s seventh stand-alone sustainability report. The report is expected to be released in October 2023, prior to National Storage’s AGM and will be published online at nationalstorageinvest.com.au. The report will detail National Storage’s progress across its four sustainability pillars being strategy, environment, people and governance. Further, the environmental, social and governance aspects of the organisation will be reported and sustainability targets discussed.

Our approach to sustainability centres on four key pillars:

STRATEGY

▪ Sustainability is a core pillar of NSR’s strategy
▪ Economic performance
▪Customer experience
▪Digital innovation

ENVIRONMENT

▪ Environmentally efficient operations
▪ Sustainable approach to developments
▪ Low emission business
▪ Pathway to carbon neutrality underway

PEOPLE

▪ Talent attraction and retention
▪ Employee engagement, development & wellbeing
▪Diversity & inclusion
▪Community involvement

GOVERNANCE

▪Trust & transparency
▪Responding to changing stakeholder expectations
▪Risk management

Learn more about our approach to sustainability and our achievements through our reporting: