Prime Group Initiatives

ESG

Adopted in 2021, Prime Group’s Environmental, Social and Governance Policy Statement defines Prime Group’s commitment and approach to integrating the consideration of ESG issues into its organizational and operational activities.

Prime’s focus on ESG is predicated on the belief that consideration of these issues makes us a more efficient operator, a more responsive and responsible partner and a better organization overall. In short, we believe that our common sense approach to incorporating ESG is one of the ways we can create value for our stakeholders.

Environmental

Intrinsic to Prime Group’s investment objective is the reduction of waste, conservation of energy and natural resources, and the minimization of the physical obsolescence of the goods of individuals and businesses, by virtue of ownership and management of existing self storage properties rather than the construction of new facilities.

  • Using energy efficient LED lighting and motion sensors
  • Maximizing native landscaping
  • Standardizing temperature systems in climate controlled buildings
  • Using solar panels in certain locations to offset energy consumption and costs

This commitment is underscored by Prime Group’s Sustainability Guidelines, which seeks to supplement these practices by shifting organizational behaviors.

 

 

Social

At Prime Group, we know that people are our greatest asset and that by investing in our team and the communities we serve, we are positioning ourselves for success.

Prime Group is committed to supporting its employees and the communities in which it operates by providing:

  • Robust employment benefits
  • Ongoing professional development opportunities through Prime University
  • Sponsorship opportunities for community events and charitable matching program through Prime Group Gives
  • Dedicated resources for enhancing company culture and focusing on diversity, equity and inclusion

 

Governance

Prime Group believes that effective corporate governance and holding itself to high ethical standards is critical. That’s why Prime Group has adopted a formal Compliance Program, Investment and Valuation Committees, and robust policies and procedures designed to ensure our team operates in accordance with laws, regulations, our standards and expectations.