Responsible SEGRO review
ESG is a priority at SEGRO
Our commitment to being a force for societal and environmental good has been at the heart of how our business operates since it was founded. It has been instrumental in SEGRO’s success over the past century and will be just as important for the next. This commitment is led by our Board but lived by our employees every day. It is about doing the right thing and making a positive impact wherever we operate.
"As we make progress along this journey and as the environment we are operating in continues to change, we will evolve too."
Paul Dunne, Group Customer & Operations Director
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.
Responsible SEGRO priorities and highlights
Championing Low Carbon Growth
- 4 per cent reduction in the embodied carbon intensity of our developments.
- 8 per cent increase in the visibility we have of our customer energy data.
- 76 per cent of the portfolio with an EPC rating of B or better (2023: 65 per cent).
- 97 per cent of our development completions were rated BREEAM ‘Excellent’ or higher.
- A record 64 MW increase in our installed solar capacity.
- Implemented an annual corporate and customer emissions forecasting process.
- Introduced a dynamic Governance process of our carbon management efforts.
- Rolled out a powerful new carbon reporting platform.
Investing in our local communities and environments key achievements
- Community projects are now being delivered in 21 regions, cities and towns across our portfolio
- Major tender process trialled community commitment clauses (results expected in 2025)
- The launch of new Community Investment Plans in Italy and Spain
- Employees from our customers and suppliers delivered a record 273 volunteering days
- Signed up to Social Value Portal to measure development impact and CIP programme
Nurturing talent
- Completed the reshaping of our Leadership team and supported the transition.
- Made progress towards our diversity goals.
- Continued to strengthen our culture, embedding our Values and Behaviours.
- Enhanced our colleague proposition, with new and enhanced family-friendly policies.
