At 10 Federal, we are committed to building a sustainable business that creates long-term value for our stakeholders while also contributing to a more sustainable future for our planet. We recognize the critical role we play in reducing our environmental impact and are proud to say that as a self-storage business, we already consume less energy and water while emitting fewer greenhouse gases than other real estate property types. Nevertheless, we are committed to continuously improving our environmental performance and have implemented several initiatives to reduce our environmental impact, including the installation of solar panels at many of our owned facilities.
But sustainability isn't just about environmental impact; it's also about social sustainability and upholding the highest standards of corporate governance and ethics. We are committed to promoting social sustainability by supporting the communities where we operate, fostering employee well-being and engagement, and delivering exceptional customer service to our tenants. We are also committed to upholding the highest standards of corporate governance and ethics, including compliance with regulatory requirements and ethical business practices.
By committing to sustainability, we are ensuring the long-term stability and growth of our business while also contributing to a more sustainable future for our planet. We believe that sustainability is essential to our business success, and we are committed to integrating sustainability principles into everything we do.
At 10 Federal, we are committed to reducing our environmental impact and promoting sustainable practices across our operations. As a self-storage business, we are proud to be part of an industry that consumes less energy and water while emitting fewer greenhouse gases than other real estate property types.
Renewable Energy: We are committed to reducing our carbon footprint by using renewable energy sources. We have installed solar panels at many of our owned facilities, which has significantly reduced our reliance on traditional energy sources.
Energy Conservation: We have implemented several energy conservation measures across our facilities, such as installing energy-efficient LED lighting, motion sensors, and programmable thermostats. Additionally, we have upgraded our HVAC systems and implemented a building automation system that optimizes energy usage.
Water Conservation: All of our facilities are unmanned, which means we have lower water usage than facilities with full-time employees. We have also implemented several water conservation measures, including installing low-flow fixtures and using water-efficient landscaping practices.
Waste Reduction: We are committed to reducing waste generation by implementing a comprehensive recycling program and encouraging our tenants to recycle. Additionally, we are proud to say that we are 100% paperless billing at all properties, which significantly reduces paper waste.
By operating unmanned facilities, we have also reduced the carbon footprint associated with employees commuting to and from work. We believe that our sustainability initiatives will enable us to continue to deliver superior returns for our investors, build a more resilient business, and contribute to a better world for future generations.
At 10 Federal, we recognize that social sustainability is just as critical as environmental sustainability. We are committed to creating a positive social impact in the communities where we operate and fostering a supportive work environment for our employees.
Community Involvement: We understand that our success is closely tied to the well-being of the communities we serve. To this end, we have developed a range of initiatives to support local organizations and promote community involvement. Our facilities often serve as drop-off locations for food drives, and we organize and participate in various charitable events throughout the year. Our employees are also encouraged to volunteer their time to support causes they care about, and we offer paid time off for volunteering. We believe that building authentic relationships and investing in the communities where we operate is essential for creating sustainable value.
Employee Well-Being: Our employees are our most valuable asset, and we are committed to fostering a supportive and inclusive work environment that promotes employee well-being and engagement. We offer a comprehensive range of benefits and resources, including an Employee Assistance Program, flexible work schedules, and competitive health benefits that promote physical, emotional, and financial wellness. 10 Federal Storage was awarded the "2022 Best Company for Perks & Benefits" by Comparably. We also provide regular training and development programs to help our employees grow professionally and personally. Our employees are encouraged to provide feedback and participate in shaping our culture and values, and we regularly recognize and celebrate their achievements.
Customer Satisfaction: At 10 Federal, we are committed to delivering exceptional customer service to our tenants. We believe that providing an exceptional customer experience is essential for building long-term relationships and creating sustainable value for our stakeholders. We conduct regular surveys to gather feedback and continuously improve our services to meet their needs.
We believe that our social sustainability efforts, along with our environmental sustainability initiatives, are essential for building a sustainable business that creates value for our stakeholders while contributing to a better world. We will continue to invest in our employees and communities, and work towards delivering exceptional customer experiences while reducing our impact on the environment.
At 10 Federal, we understand that good governance and ethical practices are critical to our business success and the long-term sustainability of our operations. We have implemented several measures to ensure that we operate with integrity and in compliance with all applicable laws and regulations.
Code of Conduct: We have a comprehensive code of conduct that outlines our ethical standards and expectations for all employees. Our code of conduct underscores our commitment to honesty, transparency, and ethical behavior. All of our employees are trained on our code of conduct, and we hold ourselves accountable for upholding our standards.
Risk Management: We have implemented a comprehensive risk management program that identifies, assesses, and mitigates risks across our operations. Our risk management program includes a regular review of our operations to identify areas of potential risk. We take a proactive approach to addressing risks and continuously monitor and update our risk management processes.
Compliance Training: We provide comprehensive compliance training to all employees and executives. We believe that training is essential for ensuring that our employees understand their roles and responsibilities in upholding our standards and complying with all applicable laws and regulations.
Transparency: We are committed to transparency and disclosure. We regularly report on our performance and engage with stakeholders to gather feedback and insights. Our reports provide detailed information on our environmental, social, and governance practices, as well as our progress toward our goals.
At 10 Federal, we are committed to operating with integrity and in compliance with all applicable laws and regulations. We believe that good governance and ethical practices are essential for building trust with our stakeholders and creating long-term value for our business. We will continue to monitor and improve our practices to ensure that we meet or exceed regulatory requirements and ethical business standards.