In 2023, CubeSmart completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).
However, CubeSmart has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 7,326a | 6,425a | 6,436b | |
Total Scope 2 | ||||
Unspecified Calculation Method | 25,776a | 26,451a | 23,918b | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 6.9749a | 6.3638a | 7.8243b |
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In 2023, the total operational greenhouse gas (GHG) emissions of CubeSmart amounted to 33,102 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of CubeSmart increased by 0.69%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of CubeSmart were 7,326 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, CubeSmart's Scope 1 emissions have remained relatively, stable, indicating that CubeSmart's emissions have plateaued with no significant change in its operational footprint.a
Compared to the previous year (2022), CubeSmart's Scope 1 emissions increased by 14.02%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2023, CubeSmart reported Scope 2 greenhouse gas (GHG) emissions of 25,776 tCO₂e without specifying the calculation method.a
Since 2019, CubeSmart's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that CubeSmart's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year (2022), CubeSmart's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that CubeSmart's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2023, CubeSmart reported its Scope 2 emissions using an unspecified methodology.a
In 2023, CubeSmart reported Scope 1 greenhouse gas (GHG) emissions of 7,326 tCO₂e and total revenues of USD 1,050 millions. This translates into an emissions intensity of 6.97 tCO₂e per millions USD.a
In 2023, CubeSmart reported a Scope 1 emissions intensity of 6.97 tCO₂e per millions USD. Compared to the peer group median of 1.75, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, CubeSmart ranked 19 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places CubeSmart among the least efficient performers, with one of the highest emissions intensities in its sector.a