RVBA-SGRO

SEGRO — full event log

Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.

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2026· 3 events

Change of UK valuer from CBRE to Cushman & Wakefield from June 2026Data confidence — high

Following RICS mandatory rotation rule changes, SEGRO retendered UK valuation and approved Cushman & Wakefield as UK valuers from June 2026 half year. CBRE remains Continental European valuer.

sustainability_report p.39

2026 LTIP performance metric: TAR replaced with absolute EPRA EPS growthData confidence — high

For 2026 LTIP, Total Accounting Return (TAR) measure replaced with absolute EPRA EPS growth (3% threshold to 8% maximum p.a.). Designed to incentivise EPS and dividend growth alongside balance sheet metrics.

sustainability_report p.108

Cushman & Wakefield to replace CBRE as UK property valuer from June 2026Data confidence — high

Following RICS mandatory rotation rules, Cushman & Wakefield approved as UK valuers from June 2026 half-year valuation. CBRE retained for Continental European portfolio. Same level of external valuation by qualified independent valuers.

sustainability_report p.68

2025· 9 events

SELP joint venture acquired €470m portfolio (Tritax EuroBox assets) and Prague logistics parkData confidence — high

SELP joint venture completed acquisition of a six-asset, 37,000 sq m portfolio in the Netherlands and Germany for €470 million (formerly Tritax EuroBox plc), and a logistics park in Prague. Total acquisitions at share £232m.

sustainability_report p.32

Formation of SEGRO Pure Premier Park Data Centre 50:50 JV with Pure DCData confidence — high

50:50 joint venture with Pure Data Centres Group to develop first fully fitted data centre in Park Royal, West London (56MW IT load, c.£1bn potential investment, c.£150m SEGRO cash equity). Marks evolution from powered shell to fully fitted data centre strategy.

sustainability_report p.10

CFO transition: Soumen Das retires; Susanne Schroeter appointedData confidence — high

Soumen Das stepped down as CFO and Executive Director on 31 December 2025. Susanne Schroeter appointed as CFO and Executive Director on 1 December 2025.

sustainability_report p.71

Formation of SEGRO Premier Park DC joint venture with Pure DCData confidence — high

50:50 JV with Pure Data Centres Group to develop first fully-fitted 56MW data centre in Park Royal, West London. Marks evolution of data centre strategy beyond powered shells. Gross investment ~£1bn; SEGRO cash equity contribution <£150m; projected ~9% net yield on cost.

sustainability_report p.11

Solar panel depreciation now excluded from Adjusted profit per updated EPRA guidelinesData confidence — high

Updated EPRA BPR Guidelines on EPRA earnings applicable for periods after 1 October 2024. Solar depreciation shown outside of Adjusted profit. No impact on prior year comparative.

sustainability_report p.146

SBTi validated near-term and net-zero targets aligned to 1.5°CData confidence — high

During 2025, SEGRO had its near-term and net-zero carbon reduction targets approved by the Science Based Targets initiative (SBTi). Near-term target: reduce corporate and customer emission intensity by 80% by 2034 (vs 2023 baseline); embodied carbon target: reduce by 58% by 2034; net-zero by 2050. Aligned with 1.5°C pathways.

sustainability_report p.19

SBTi-validated near-term and net-zero targets approvedData confidence — high

In July 2025, SEGRO had its updated near-term and net-zero emissions reduction targets validated by the Science Based Targets initiative (SBTi). New targets, with 2023 baseline, comprise 80% reduction in corporate and customer carbon intensity and 58% reduction in embodied carbon intensity by 2034, with net-zero by 2050. Replaces previous targets which were in absolute emissions.

sustainability_report p.22

17% reduction in corporate and customer carbon emission intensityData confidence — high

During 2025 SEGRO achieved a 17% reduction in corporate and customer emission intensity (to 20 kgCO2e/sq m from restated 24 in 2024), driven by increased renewable/low-carbon energy and continuing solar panel installations. Embodied carbon intensity of developments reduced 12% to 280 kgCO2e/sq m (2024: 318).

sustainability_report p.2

£232m of asset acquisitions in SELP joint venture (Tritax EuroBox portfolio + Prague park)Data confidence — high

During 2025 SEGRO acquired £232 million of assets at share within SELP joint venture: a six-asset portfolio in Germany and Netherlands (formerly Tritax EuroBox plc) and a logistics park in Prague, generating £11m annualised rent.

sustainability_report p.20

2024· 15 events

Data centre pipeline expansion drives emissions intensity uptickData confidence — high

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.

sustainability_report p.10

SBTi-validated 1.5°C near-term and net-zero targets approvedData confidence — high

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.

sustainability_report p.168

Reporting year aligned with financial year (calendar year)Data confidence — high

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.

sustainability_report p.92

Planned 2026 restatement: removing upstream emissions of customer energy use from Scope 3affects scope 3 downstream leasedData confidence — high

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.

sustainability_report p.216

Commitment to no new fossil-fuel equipment in buildings from 2030Data confidence — high

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.

sustainability_report p.68

Limited ISAE 3000 assurance by SLR covering Scope 1, 2, and 3Data confidence — high

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).

sustainability_report p.215

Restated 2024 carbon emissions intensities for Scope 3 methodology updatesaffects scope 3 co2eData confidence — high

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.

sustainability_report p.5

Restated 2023 baseline and 2024 comparative emissions intensitiesaffects scope 3 co2eData confidence — high

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.

sustainability_report p.22

New SBTi-aligned net-zero targets set with 2023 baselineData confidence — high

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.

sustainability_report p.9

New carbon reporting platform and emissions forecasting processData confidence — high

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.

sustainability_report p.8

Reallocation of emissions between Scope 3 categories 1 and 2affects scope 3 purchased goodsData confidence — high

Significant movement of emissions into Scope 3 category 1 (purchased goods) from Scope 3 category 2 (capital goods) due to revised data allocation methodology. Comparatives not restated.

sustainability_report p.49

New Mandatory Sustainability Policy launchedData confidence — high

Launched new Mandatory Sustainability Policy with requirements for embodied carbon assessments, PV maximization, fossil fuel-free heating, EV charging (20% of parking), BREEAM Excellent for new developments >5,000sqm.

sustainability_report p.51

Limited assurance from SLR Consulting and DNVData confidence — high

GHG figures received limited independent assurance from SLR Consulting. Green Bond allocations verified by DNV Business Assurance.

sustainability_report p.66

Solar capacity more than doubled to 123 MWData confidence — high

Record 64 MW increase in installed solar capacity in 2024, bringing total to 123 MW (up from 59 MW in 2023).

sustainability_report p.8

Net-zero target under review pending new SBTi Building StandardData confidence — high

SBTi developed a new Real Estate-specific Building Standard in 2023, currently in pilot phase. SEGRO will evaluate the new Standard once published in 2024 and consider changes to targets. New targets to be published in 2024 Annual Report.

sustainability_report p.15

2023· 12 events

2023 emissions baseline restated under new methodologyData confidence — high

2023 figures restated to align with new science-based target methodology and latest best practice reporting. Affects Scope 1, 2, 3 emissions and intensity metrics.

sustainability_report p.9

Improved methodology for vacant space energy estimationaffects scope 1 co2eData confidence — high

In 2023 changes to methodology for calculating extent of space under SEGRO control and for estimating energy use in vacant spaces resulted in significant reductions in scope 1 and location-based scope 2 emissions.

sustainability_report p.12

Limited third-party assurance by SLR Consulting (ISAE 3000)Data confidence — high

SLR Consulting provided independent limited assurance over Scope 1, 2 (location & market), and Scope 3 emissions data for the reporting period 1 Oct 2022 – 30 Sept 2023, in accordance with ISAE 3000.

sustainability_report p.170

Reporting period offset from financial year by ~12 monthsData confidence — high

Sustainability/emissions reporting period covers 1 October 2022 – 30 September 2023, set back from the financial year (calendar 2023) to allow for data lag. SEGRO intends to align reporting periods from 2024 onwards.

sustainability_report p.170

Base year reset to 2023 for new SBTi targetsData confidence — high

As part of SBTi target validation, SEGRO recalculated base year emissions and reset the baseline to 2023 (previously 2020). Scope 1, Scope 2 market-based and Scope 3 figures were recalculated.

sustainability_report p.93

Updated CEDA conversion factors for purchased goods and servicesaffects scope 3 purchased goodsData confidence — high

Made significant improvement in methodology in 2023 by applying latest best-practice conversion factors from the CEDA database for Scope 3 Category 1 purchased goods and services.

sustainability_report p.13

Existing SBTi target: 42% absolute reduction in corporate and customer emissions by 2030 vs 2020 baselineaffects scope 1 co2eData confidence — high

SEGRO maintains its science-based target to reduce absolute corporate and customer carbon emissions by 42% by 2030 from a 2020 baseline of 312,115 tCO2e. Includes Scope 1, 2 and Scope 3 Downstream Leased Assets.

sustainability_report p.14

Added homeworking emissions to Scope 3 employee commutingaffects scope 3 employee commutingData confidence — high

In 2023 for the first time, added homeworking emissions to Scope 3 Category 7 employee commuting to reflect hybrid working policy.

sustainability_report p.13

Changed waste emissions methodology to use LCA module A5waffects scope 3 co2eData confidence — high

In 2023 changed approach to estimating Scope 3 Category 5 waste emissions to be more comprehensive - now derived from life cycle analysis of development projects using module A5w (site waste).

sustainability_report p.13

Customer energy data visibility increased to 81%Data confidence — high

Visibility of customer energy data increased from 68% in 2022 to 81% in 2023 (up from 54% in 2021), improving accuracy of corporate and customer emissions calculation.

sustainability_report p.10

Significant restructure of Executive Committee and EC-1 populationData confidence — high

During 2023 SEGRO undertook a significant restructure of Executive Committee and teams reporting to these leaders to support growth, transformation and capability building. 75% of new appointments made internally.

sustainability_report p.29

Switched Scope 3 Cat 1 spend-based factors from Quantis to CEDA databaseaffects scope 3 purchased goodsData confidence — med

In 2020 base year emissions for Scope 3 Cat 1 (Purchased goods and services) were calculated using the Quantis tool. In reporting year 2023, the calculation methodology references CEDA database conversion factors applied to spend data.

sustainability_report p.97

2022· 9 events

Increased purchased goods & services emissions due to procurement activityaffects scope 3 purchased goodsData confidence — high

The increase in purchased goods and services emissions (from 34,103 to 49,534 tCO2e) reflects increased procurement activity in 2022 compared to 2021.

sustainability_report p.11

Energy data visibility expanded from 54% to 68% of floor areaData confidence — high

SEGRO improved energy data visibility coverage from 54% in 2021 to 68% in 2022, prioritising energy-intensive spaces. This led to significant increases in absolute reported energy consumption and emissions for tenant supply.

sustainability_report p.12

Standardised green lease clauses introducedData confidence — high

In April 2022, SEGRO introduced standardised green lease clauses requiring customers to share energy data and procure zero-carbon electricity tariffs where feasible.

sustainability_report p.9

Restated 2022 fuel and energy related activities (Scope 3 Cat 3) emissionsaffects scope 3 co2eData confidence — high

Restated 2022 emissions in Scope 3 category 3 following significant change in methodology - now covers all sites (not just those with energy data) and extended emission factor to include full well-to-tank emissions.

sustainability_report p.13

Mandatory Sustainability Policy introducedData confidence — high

In 2022 SEGRO introduced its Mandatory Sustainability Policy requiring new buildings to be BREEAM Excellent or better, properties to be upgraded to minimum EPC B before re-letting, and embodied carbon LCAs on all developments. 92% of 2023 development completions (£397m capex) achieved BREEAM Excellent or better.

sustainability_report p.35

Net-zero by 2030 ambition adopted by Boardaffects net zero target yearData confidence — high

The SEGRO Board agreed to commit to a net-zero target, provisionally setting 2030 as the target year, exceeding the ambition of the current calculated SBTi pathway. Includes Scopes 1, 2 and customer emissions (downstream leased assets).

sustainability_report p.13

Upstream leased assets reclassified into Scopes 1 and 2affects scope 1 co2eData confidence — high

As of 2022, SEGRO has decided to include emissions from office space (where energy is paid by the landlord) in Scopes 1 and 2 instead of Scope 3 Category 8, as this better reflects their approach to Corporate and Customer carbon.

sustainability_report p.11

Mandatory Sustainability Policy launchedData confidence — high

New Mandatory Sustainability Policy launched in April 2022 requires all developments >5,000 sqm to undergo Life Cycle Assessments, achieve BREEAM Excellent or equivalent, EPC B or better, and install solar PV and EV charging.

sustainability_report p.48

Added well-to-tank emissions to Scope 3 fuel and energy-related activitiesaffects scope 3 co2eData confidence — high

The increase in fuel and energy-related activities emissions in 2022 (from 38,915 to 70,670 tCO2e) is due to the inclusion of well-to-tank emissions for the first time.

sustainability_report p.11

2021· 1 event

Corporate-level embodied carbon intensity targetData confidence — high

In 2021, SEGRO set a corporate-level embodied carbon intensity target—20% intensity reduction by 2030. Achieved 13% reduction by 2023 (348 kgCO2e/m2 vs 2020 baseline).

sustainability_report p.164

2020· 1 event

42% absolute emissions reduction target by 2030 (1.5°C aligned, SBTi commitment)Data confidence — high

SEGRO set an absolute emissions reduction target covering Scope 1, 2, and Scope 3 Cat 13 (Downstream leased assets) of 42% by 2030 from 2020 base year. Considered 1.5°C aligned and committed to seek SBTi validation. Target progress was 44.2% at end of 2023.

sustainability_report p.148