Life Storage, Inc. Publishes Inaugural Sustainability Report

BUFFALO, N.Y.--(BUSINESS WIRE)--Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self-storage properties, announced today the release of its first sustainability report. This inaugural report highlights the Company’s commitment to sustainability and resiliency by disclosing various environmental, social and governance (ESG) efforts taking place across the organization.

Sustainability report highlights include:

• Establishment of five-year energy consumption and renewable energy generation goals designed to reduce the Company’s environmental impact
• Reduction of like-for-like energy consumption by 12% in 2020
• Expanded scope of responsibility for sustainability oversight to all Board of Directors sub-committees
• Social impact program overviews, including Diversity, Equality & Inclusion (DEI)

“The Life Storage core values – teamwork, respect, accountability, integrity and innovation – serve as guiding principles in all that we do. These values are especially evident in our efforts to holistically integrate sustainability across our organization,” said Joe Saffire, the Company’s Chief Executive Officer. “This report illustrates our commitment to doing right by our stakeholders and doing good for our world.”

Life Storage’s 2021 Sustainability Report is available on the sustainability section of the Company’s website.

ABOUT LIFE STORAGE, INC:

Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. Located in Buffalo, New York, the Company operates more than 1,000 storage facilities in 34 states. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage consistently provides responsive service to approximately 600,000 customers, making it a leader in the industry. For more information visit http://invest.lifestorage.com.