Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

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Operational intensity

Carbon / $m OpEx

—tCO2e / $m OpEx

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

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Economic intensity

Carbon / $m EVIC

—tCO2e / $m EVIC

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

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Asset intensity

Carbon / $m PP&E + leased

—tCO2e / $m PP&E

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

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Asset intensity (full)

Carbon / $m PP&E + leased S3

—tCO2e / $m PP&E

Carbon per million dollars of physical infrastructure — PP&E plus leased real-estate, including upstream and downstream leased emissions (Scope 3 categories 8 + 13). The most complete view of physical-asset carbon intensity, relevant for REITs and infrastructure-heavy firms.

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Climate action evidence

0 records · 0 sources

Carbon credits retired

No retirement evidence on file (third-party or self-reported).

Renewable electricity

4 %

Self-reported renewable electricity share, FY2022

Sources

Registry retirements are direct evidence; commitments are forward-looking pledges. EPA snapshot covers FY2019–FY2020.

Targets

Near-term

1 target

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2Intensity	2022	2025	−12%	In corporate strategy	intensity — not tracked vs absolute	—

Long-term

1 target

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2Intensity	2022	2032	−45%	In corporate strategy	intensity — not tracked vs absolute	—

Progress · absolute tCO2e

Scope 1 + 2 trajectory

ActualLinear1.5°C

No target available for this scope.

no Scope 3 trajectory data

Latest news· last 5 of 18

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Expanded data coverage to total portfolio (~2,900 properties)
Public Storage expanded environmental data coverage beyond like-for-like (same store) properties to its entire ~2,900 owned property portfolio. Total portfolio carbon emissions disclosed for first time, alongside same-store metrics.
2022
Scope 3 emissions measurement in progress
Actively analyzing Scope 3 emissions which, due to low Scope 1 and 2 profile, comprise a majority of overall emissions and are driven by property construction. Not yet disclosed.
2022
12% emissions reduction target by 2025 vs 2022 base
Public Storage set a goal to reduce carbon emissions by 12% by year-end 2025 (like-for-like vs. 2022 base). Already achieved 29% cumulative reduction over past four years including 1.7% in 2022. Note this is a relatively short-term target; longer-term reduction pathways still being developed.
2022
5% carbon emission reduction target for 2022
Public Storage set goals for 2022: reduce energy consumption by 5%, water by 3%, and carbon emissions by 5% on a like-for-like basis. Reports 27% reduction in carbon over past three years.
2022
ISOS Group provides moderate (limited) assurance on environmental data
ISOS Group provided AA1000AS v3 type 2 moderate assurance over energy, GHG, water, and waste data covering 2,819 operational properties for FY2022. EVORA Global also reviewed.
2022