Sustainable Storage Space: How Our Self Storage Helps Reduce Carbon Footprint

Issue: Jun 2024

Sustainable Storage Space: How Our Self Storage Helps Reduce Carbon Footprint

In the ever-evolving landscape of corporate responsibility, the global cry for reducing carbon footprints and minimising environmental impact has ushered in a new era of operational transformation for companies worldwide. Embracing this ethos, StorHub has not only recognised the clear call for change but has taken a monumental stride towards a sustainable future.

The $180 million sustainability-linked loan from CIMB and UOB that StorHub has recently secured stands as a shining testament to the company's unwavering dedication to environmental stewardship. This is more than a financial transaction; it's a bold step towards a future where sustainability is central to business practices.

About StorHub’s Commitment to ESG

At StorHub, our commitment to Environmental, Social, and Governance (ESG) principles is deeply integrated into our operations and extends to our valued stakeholders across the region. We actively engage with communities and local leaders, aiming to amplify the positive impact of our environmental initiatives. Our focus spans from waste reduction strategies to the seamless integration of Green technologies into our day-to-day operations.

Moreover, our dedication to environmental management is not a stand-alone endeavour. It harmoniously aligns with Singapore's Green Plan 2030, showing our support to eco-friendly and energy-efficient practices. A collective effort that demonstrates our belief that responsible business practices are essential for a sustainable and successful future.

The Sustainability-Linked Loan from CIMB and UOB

The sustainability-linked loan from CIMB and UOB marks a transformative chapter in the company's dedication to sustainability. What sets this loan apart is its innovative sustainability-linked margin adjustment, intricately tying the interest rate to StorHub's specific sustainability performance metrics.

In the dynamic landscape of the Singapore self storage industry, this initiative represents one of the pioneering efforts to directly align financial strategy with environmental objectives. It's a resounding example of how sustainable practices can seamlessly integrate into diverse industries, paving the way for a unified shift towards a greener and more environmentally responsible future.

How StorHub Allows Others to Play a Part in Reducing the Carbon Footprint

StorHub's storage solutions in Singapore empower individuals and businesses to actively contribute to reducing their carbon footprint through environmentally friendly practices. In partnership with Sunseap, StorHub has installed solar panels at its self storage facilities, generating clean energy that helps power daily operations. Our clients can feel confident knowing StorHub’s Air Conditioning and Mechanical Ventilation (ACMV) system uses smart technology to detect and optimise the building facilities’ energy consumption while maintaining ideal temperatures, ensuring greater safety for customers and premises.

StorHub's Sustainable Growth

As we reflect on StorHub's journey, it's essential to rewind to our humble beginnings in 2003 when we planted our roots in Singapore. Since then, our trajectory has been nothing short of phenomenal. With over 7.05 million square feet of gross floor area and more than 70,000 storage units spanning across Asia and Australia, our physical expansion speaks volumes. However, StorHub's remarkable growth isn't confined to the realms of square footage alone. It extends to our unwavering commitment to sustainability.

We know our responsibilities extend beyond just offering self storage solutions and we play a significant part in the communities and environments we operate in. StorHub stands as a testament to the belief that sustainable growth is not just about numbers; it's about conscientious expansion that nurtures the communities we are a part of. As we embark on this journey, fuelled by our sustainability-linked loan, we are confident in our ability to not only lead the self storage industry but also inspire a broader movement towards a more sustainable and environmentally conscious future.

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