Climate Change Data

Safestore Holdings plc

Climate Impact & Sustainability Data (2018-09 to 2019-08, 2020, 2023)

Reporting Period: 2018-09 to 2019-08

Environmental Metrics

Total Carbon Emissions:4798 tCO2e/year
Scope 1 Emissions:869 tCO2e/year
Scope 2 Emissions:3527 tCO2e/year
Scope 3 Emissions:402 tCO2e/year
Renewable Energy Share:100% (UK owned stores)
Total Energy Consumption:15048.8 MWh/year
Water Consumption:55113 m3/year
Waste Generated:1950.3 tons/year
Carbon Intensity:0.5 tonnes CO2e per 1000 sq ft

ESG Focus Areas

  • Decent work and economic growth
  • Responsible consumption and production
  • Climate action

Environmental Achievements

  • Reduced Scope 1, 2, and 3 emissions by 17.8% to 4,798 tonnes CO2e
  • Reduced electricity consumption by 11.7%
  • Reduced gas consumption by 5.1%
  • Reduced water consumption by 10.6%
  • Reduced waste to landfill by 22.9%
  • Achieved 100% renewable energy in UK owned stores
  • Removed single-use plastics from merchandise packaging

Social Achievements

  • Achieved Investors in People Gold accreditation
  • Launched ‘Make the Difference’ people forum for colleague feedback
  • Launched a new equality, diversity and inclusion policy
  • Maintained leadership engagement score over 80%
  • Delivered 30,000 hours of training (46 hours per colleague)
  • 99.6% of colleagues on permanent contracts
  • Zero fatal injuries, notices, or prosecutions
  • 26 minor injuries recorded (customers and contractors)
  • Provided £434,771 worth of free/discounted space to local community groups

Governance Achievements

  • Updated policies on anti-corruption and bribery
  • Reviewed whistleblowing policy
  • Implemented robust GDPR compliance policies and training

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce waste to landfill by 50% vs 2016 baseline by 2025
Short-term Goals:
  • Reduce water consumption by 30% by 2025
  • Decrease waste to landfill by 10% by 2025
  • Reduce single-use plastics in construction by 75% in 2020/21, total ban in 2021/22

Environmental Challenges

  • Reducing gas consumption in existing stores
  • Further reducing water consumption
  • Decreasing waste going to landfill
  • Reducing electricity consumption in larger sites
Mitigation Strategies
  • Phasing out gas in stores, using electric heating
  • Implementing water efficiency measures
  • Implementing a Waste Efficiency Programme
  • Implementing initiatives to reduce electricity consumption

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Alignment with modern slavery, anti-bribery, and GDPR policies

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: EPRA’s Best Practice Recommendations on Sustainability Reporting (sBPR), GRI Standards

Certifications: Investors in People Gold

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 8
  • Goal 12
  • Goal 13

Alignment of material sustainability issues with SDGs 8, 12, and 13.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Gold Trusted Merchant award (six years running)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:4,005 tCO2e (Market Based) / 1,137 tCO2e (Location Based)
Scope 1 Emissions:741 tCO2e (UK)
Scope 2 Emissions:2,915 tCO2e (LB) / 47 tCO2e (MB) (UK)
Scope 3 Emissions:349 tCO2e (UK)
Renewable Energy Share:100% (UK owned stores)
Total Energy Consumption:16,405 MWh
Water Consumption:43,372 m3
Waste Generated:2,629.6 tons
Carbon Intensity:0.4 tonnes CO2e per thousand sq ft (2019/20)

ESG Focus Areas

  • Our people
  • Our customers
  • Our community
  • Our environment

Environmental Achievements

  • Reduced absolute carbon emissions by 47% vs 2013 baseline; on track to meet 50% reduction by 2022.
  • Emissions intensity (per sq ft) 60% below 2013 levels.
  • 100% renewable electricity in UK owned stores.
  • 97% of construction waste diverted from landfill.

Social Achievements

  • Maintained high customer satisfaction scores (94% Feefo, 93% Trustpilot UK; 93% Trustpilot France; 96% Google Spain).
  • Won Feefo Platinum Trusted Service award.
  • Provided 15,239 sq ft of free/discounted space to local community groups (worth £451,508).
  • Supported various local and national charities.
  • No fatal injuries, notices or prosecutions.

Governance Achievements

  • GRESB ‘A’ rating in 2020 Public Disclosures assessment.
  • EPRA Silver and ‘Most Improved’ Awards for 2019 disclosures.
  • Full compliance with REIT legislation.

Climate Goals & Targets

Medium-term Goals:
  • Reduce carbon emissions by 50% of 2012/13 baseline by 2022.
  • Align Executive Director pension contributions with workforce by end of 2022.
Short-term Goals:
  • Reduce UK store waste to landfill by 50% by 2025 vs 2016/17 level.
  • Increase female applicants to at least 40% by 2022.

Environmental Challenges

  • Covid-19 pandemic and its impact on economic growth and operations.
  • Potential for disruption from Covid-19 restrictions.
  • Maintaining web leadership and relationship with Google.
  • Brexit-related economic uncertainty.
Mitigation Strategies
  • Implemented strict safeguarding measures across portfolio, in line with government guidance.
  • Stores remained open or accessible during lockdowns.
  • Supported employees with full salaries and recognition bonus.
  • Continued investment in digital marketing platform.
  • Maintained strong capital structure and financial flexibility.
  • Monitored developments daily to ensure adherence to government advice.

Supply Chain Management

Responsible Procurement
  • Sustainable building materials, recycled content in construction, ethical trading initiative compliant uniform supplier.

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding (UK)
Transition Risks
  • Regulatory changes relating to minimum energy efficiency standards.
Opportunities
  • Premium valuations for assets exceeding minimum energy efficiency standards.

Reporting Standards

Frameworks Used: GRI, EPRA sBPR, TCFD

Certifications: BREEAM, Investors in People Gold

UN Sustainable Development Goals

  • Goal 8: Decent work and economic growth
  • Goal 11: Sustainable cities and communities
  • Goal 12: Responsible consumption and production
  • Goal 13: Climate action

Safestore's initiatives contribute to these goals through various ESG programs and targets.

Awards & Recognition

  • GRESB ‘A’ rating, EPRA Silver and ‘Most Improved’ Awards, Feefo Platinum Trusted Service award, CCS Bronze Considerate Constructors Scheme 2020 National Site Award.

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:100% (UK owned stores)
Total Energy Consumption:11,412 MWh/year (electricity, UK)
Water Consumption:31,857 m3/year (UK)
Waste Generated:0 tons/year (operational waste, UK)
Carbon Intensity:0.93 kg CO2e/sq m (2022); target 0.75 kg CO2e/sq m by 2025

ESG Focus Areas

  • Our People
  • Our Customers
  • Our Community
  • Our Environment

Environmental Achievements

  • 100% of construction waste diverted away from landfill in the UK
  • 32 gas appliances removed from UK stores
  • 19.4% reduction in market-based operational GHG intensity
  • 100% of UK operations waste diverted from landfill

Social Achievements

  • Published first diversity pay gap report
  • 4.5+ customer satisfaction rating in all markets
  • 41% reduction in accidents involving colleagues
  • 20,941 sq ft of space provided to local charities worth £919,566

Governance Achievements

  • Embedded sustainability into day-to-day responsibilities
  • Executive compensation linked to ESG performance (carbon intensity KPI)

Climate Goals & Targets

Long-term Goals:
  • Operational net zero by 2035
Medium-term Goals:
  • Achieve operational net zero by 2035
  • Abs. operational GHG emissions (market based, tonnes CO2e) 820 by 2025
Short-term Goals:
  • Reduce UK store waste to landfill by 50% by 2025 vs 2016/17 level
  • Reduce carbon emissions by 20% of 2021 baseline by 2025
  • Maintain score >80% engagement score
  • Zero reportable injuries (RIDDOR)

Environmental Challenges

  • Supply chain disruptions due to material costs and availability
  • Climate change related physical risks (flooding)
  • Transition risks from stricter environmental regulations (MEES)
  • Meeting net-zero targets
Mitigation Strategies
  • Avoid high-risk exposure areas for new stores; use mitigation solutions where necessary
  • Engage planning authorities; identify and address regulatory changes
  • Invest in energy efficiency improvements to meet MEES standards
  • Implement a net-zero transition plan including renewable energy, consumption reduction, and carbon offsetting

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Collaboration with suppliers to align with UN SDGs; sustainable construction principles; use of recycled materials

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding
Transition Risks
  • Stricter environmental regulations, carbon taxes on building materials
Opportunities
  • Valuation premium for sustainable facilities; lower operating costs; revenue from excess power generation and EV charging

Reporting Standards

Frameworks Used: EPRA sBPR, GRI

Certifications: Investors in People Platinum

Third-party Assurance: Deloitte LLP (limited assurance)

UN Sustainable Development Goals

  • Goal 8: Decent work and economic growth
  • Goal 11: Sustainable cities and communities
  • Goal 12: Responsible consumption and production
  • Goal 13: Climate action
  • Goal 17: Partnerships for the goals

Safestore aligns its sustainability priorities with these SDGs through various initiatives

Sustainable Products & Innovation

  • 100% recycled and recyclable branded boxes

Awards & Recognition

  • EPRA Sustainability BPR Awards Silver rating; GRESB A rating; MSCI AA rating; Support the Goals five-star rating