Data centre pipeline expansion drives emissions intensity uptick Corporate and customer carbon intensity increased 1% in 2024 (36.4 vs 36.1 kgCO2e/sq m) due to bringing forward data centre pipeline. Adjusted for data centres, rest of portfolio achieved ~4% reduction.
▾ expand
SBTi-validated 1.5°C near-term and net-zero targets approved In October 2024, SEGRO had a comprehensive set of science-based targets validated by SBTi: near-term Scope 1&2 fleet target (-58.8% by 2034), Scope 1+2+3 in-use building intensity target (-79.9% per m2 by 2034), embodied carbon intensity target (-57.9% per m2 by 2034), plus long-term net-zero by 2050 (-90% absolute, -95.3% in-use intensity, -95.5% embodied intensity). Base year reset to 2023.
▾ expand
Reporting year aligned with financial year (calendar year) Changed reporting year from 1 Oct–30 Sep to 1 Jan–31 Dec to align with financial reporting period. Also updated data centre kWh/m2 electricity intensity factor for estimation, updated gas consumption site records, and updated Italian customer zero-carbon electricity procurement information. Changes applied to 2023 and 2024.
▾ expand
Planned 2026 restatement: removing upstream emissions of customer energy use from Scope 3 Following SBTi guidance, SEGRO will no longer report upstream energy emissions of customers' energy use (e.g. T&D losses for customer electricity) within Scope 3 Cat 13. These have been excluded from this CDP response figures, meaning numbers do not match the prior assurance statements. Also revisiting kWh/m2 intensities for data centre customer spaces.
▾ expand
Commitment to no new fossil-fuel equipment in buildings from 2030 As part of SBTi-validated transition plan, SEGRO commits to install no new fossil fuel equipment that is owned or financially controlled by the company in its buildings portfolio from 31 December 2030.
▾ expand
Limited ISAE 3000 assurance by SLR covering Scope 1, 2, and 3 SLR provided independent limited assurance to ISAE 3000 standard over SEGRO's 2022-2024 GHG emissions covering all reported scopes (Scope 1, Scope 2 market and location-based, and key Scope 3 categories including purchased goods, capital goods, fuel-and-energy, business travel, employee commuting, downstream leased assets).
▾ expand
Restated 2024 carbon emissions intensities for Scope 3 methodology updates The 2024 carbon emissions intensities have been restated to align with updates to methodology and estimations related to Scope 3 emissions. Corporate and customer carbon emission intensity restated to 24 kgCO2e/sq m for 2024.
▾ expand
Restated 2023 baseline and 2024 comparative emissions intensities Adoption of new SBTi 'Buildings' framework methodology required restating 2023 baseline and 2024 comparative emissions intensities. Corporate and customer carbon intensity restated from 2024 reported figure to 24.0 kgCO2e/sq m. Methodology improvements aim to improve accuracy.
▾ expand
New SBTi-aligned net-zero targets set with 2023 baseline SEGRO set new science-based targets in 2024 using the SBTi Buildings framework launched in 2024. New targets: 81% reduction in corporate and customer emissions intensity by 2034 and 58% reduction in embodied carbon intensity by 2034 vs 2023 baseline, with net-zero by 2050. Replaces previous targets which used 2020 baseline.
▾ expand
New carbon reporting platform and emissions forecasting process Implemented annual corporate and customer emissions forecasting process, introduced dynamic governance of carbon management, and rolled out new carbon reporting platform. Reviewed and implemented best practice reporting methodologies.
▾ expand
see 5 more events →