Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability

Environmental Achievements

• Basic business premise of equipment sharing helps reduce greenhouse gas emissions and reduces the inventory of total large capacity vehicles.
• Continue to look for ways to reduce waste within our business and are dedicated to manufacturing reusable components and recyclable products.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Highly leveraged.
• Uncertainty regarding LIBOR.
• Economic conditions.
• Fleet rotation program can be adversely affected by financial market conditions.
• Obtain our rental trucks from a limited number of manufacturers.
• A substantial amount of our shares is owned by a small contingent of stockholders.
• Our operations subject us to numerous environmental regulations and the possibility that environmental liability in the future could adversely affect our operations.
• We operate in a highly regulated industry and changes in existing regulations or violations of existing or future regulations could have a material adverse effect on our operations and profitability.
• Our operations can be limited by land-use regulations.
• Our insurance companies are heavily regulated by state insurance departments and the NAIC.
• A significant portion of our revenues are generated through third-parties.
• We face liability risks associated with the operation of our rental fleet, sales of our products and operation of our locations.
• Terrorist attacks could negatively impact our operations and profitability and may expose us to liability and reputational damage.
• We are highly dependent upon our automated systems and the Internet for managing our business.
• A.M. Best financial strength ratings are crucial to our life insurance business.
• We may incur losses due to our reinsurers’ or counterparties’ failure to perform under existing contracts or we may be unable to secure sufficient reinsurance or hedging protection in the future.
• Recent changes to U.S. tax laws may adversely affect our financial condition or results of operations and create the risk that we may need to adjust our accounting for these changes.

Mitigation Strategies

• We have put into place extensive security protocols, backup systems and alternative procedures to mitigate these risks.
• We seek to limit the occurrence of such events through the design of our equipment, communication of its proper use, exhaustive repair and maintenance schedules, extensive training of our personnel, proactive risk management assessments and by providing our customers with online resources for the proper use of products and services.
• We manage the financial risk of these events through third party insurance carriers.
• We regularly make capital and operating expenditures to stay in compliance with environmental laws.
• We have put in place a remediation plan at each site where we believe such a plan is necessary.
• We use reinsurance and derivative contracts to mitigate our risk of loss in various circumstances; primarily at Repwest and for Moving and Storage.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainability

Environmental Achievements

• Basic business premise of equipment sharing helps reduce greenhouse gas emissions and reduces the inventory of total large capacity vehicles.
• Continues to look for ways to reduce waste within our business and are dedicated to manufacturing reusable components and recyclable products.

Social Achievements

• Focus on our system members’ wellness over the course of their life, from physical and emotional to financial.
• Offers community outreach through volunteer opportunities for our system members, to in-kind donations of equipment, products, and services.
• Strong supporter of military members and their families by way of employment opportunities as well as partnering with military and veteran organizations to support and honor those who have served.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Pandemic-related disruptions affecting growth of rental equipment and self-storage.
• Highly competitive industry with aggressive pricing from competitors.
• High level of indebtedness.
• Limited number of manufacturers for rental trucks.
• Compliance with environmental regulations.
• Potential for future pandemics.
• Introduction or expansion of regulations favoring electric, autonomous, connected and shared vehicles.

Mitigation Strategies

• Implementing new initiatives to improve customer service (improving equipment management, marketing, accessibility, staffing).
• Utilizing interest rate swap agreements and forward swaps to reduce exposure to changes in interest rates.
• Using reinsurance and derivative contracts to mitigate risk of loss.
• Regularly making capital and operating expenditures to stay in compliance with environmental laws.
• Supplemented locations with equipment and procedures to enhance the health of system members during the COVID-19 pandemic.
• Encouraging workforce participation in COVID-19 vaccination programs.
• Cooperating with OEMs, maintaining and training technical experts, operating an equipment Technical Center.
• Developing initiatives aimed at future possibilities (TruckShare 24/7, contactless rentals, propane alternative fuel network, alternative fuel test vehicles).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Regulatory changes related to carbon emissions.
• Potential for carbon-based taxes.

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainability

Environmental Achievements

• Basic business premise of equipment sharing helps reduce greenhouse gas emissions and reduces the inventory of total large capacity vehicles. We continue to look for ways to reduce waste within our business and are dedicated to manufacturing reusable components and recyclable products.

Social Achievements

• We believe our workforce is a reflection of, and as diverse as, the customers we serve. Focus on system members’ wellness (physical, emotional, financial) through health benefits, wellness programs, employee assistance programs, work-life balance initiatives, and financial literacy programs. Community outreach through volunteer opportunities and in-kind donations. Support of military members and their families.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Higher costs impacting all parts of operation (fleet prices increased astronomically). Self-storage is very competitive. Current market conditions are not helping long-term efforts to expand footprint in underserved markets. Cybersecurity incidents are inevitable.

Mitigation Strategies

• Working on value proposition to encourage customers to accept cost increases. Significant investments in IT security and improved access control and identity and authentication management. Expanded investments in IT security and improved access control and identity and authentication management, and engage consultants as needed. Implement security protocols, backup systems and alternative procedures to mitigate these risks.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Existing and future laws or regulations favoring electric, autonomous, and connected vehicles may negatively impact the composition of our fleet and negatively affect our business and results of operations.

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed