Our Approach
Our approach to materiality
In 2024, we performed a comprehensive double materiality analysis.
This helped us identify and understand two key aspects: first, how our operations affect society and the environment, and second, how sustainability issues create financial risks and opportunities for our business. This dual approach looked at both our impact on the world and how sustainability factors influence our financial performance, and form the basis of our sustainability reporting. The process we followed:
Our context
- Our Business model, and our strategy to apply it, are outlined on page 16 of our 2024 Annual Report
and Accounts. - Our value chain represents the process through which we execute the strategy and where this may affect our stakeholders.
Our stakeholders
- Our key stakeholders, aligned to our value chain, are outlined on pages 18 to 20 of 2024 Annual Report and Accounts.
- Primary and secondary research informed our understanding of the impacts on these stakeholders from our business and value chain.
Our material impacts, risks and opportunities
- Potential impacts, risks and opportunities were identified based on engagement with our stakeholders.
- Materiality of identified impacts, risks and opportunities, for both the business and our stakeholders was assessed.
Our material areas
- Our Executive Committee and Audit Committee monitor and oversee the process to identify material impacts, risks and opportunities.
- Material impacts, risks and opportunities were mapped to areas of sustainability that are material for us to disclose information on our activities.
Our stakeholders
SEGRO’s key stakeholders are those without whom we simply would not have a business. Relationships with these stakeholders are underpinned by a corporate culture which promotes high standards of business ethics, is focused on a long-term sustainable strategy and which recognises our responsibilities to the environment.
Our materiality assessment was designed to consider both positive and negative, and actual and potential, impacts on all affected stakeholders, and that user stakeholders should have sufficient information to allow them to assess SEGRO appropriately from an ESG perspective. The focus of our business in European developed markets means that we do not consider there to be material differences related to the geography of our stakeholders.
Click here to read more on our materiality assessment in the 2024 Responsible SEGRO Report.