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Segro plc, commonly referred to as Segro, is a leading provider of financial intermediation services, excluding insurance and pension funding, with its headquarters based in Great Britain. Established in 1920, the company has a long-standing history of delivering specialised financial solutions across the UK and Europe, supporting a diverse range of clients and industries.
Specialising in financial intermediation, Segro offers a variety of core services that facilitate efficient capital flow and risk management. Its expertise in structuring complex financial transactions and providing tailored intermediary services distinguishes it within the industry. Recognised for its stability and innovative approach, Segro maintains a strong market position, contributing significantly to the financial services sector in its operational regions.
+40 vs industry average
Segro’s score of 77 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Financial Intermediation has below-average carbon intensity
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
Segro's greenhouse gas (GHG) emissions and climate commitments highlight a strong focus on achieving net-zero emissions by 2050. For the reporting year 2023 (referring to data collected in 2023), Segro reported a total of approximately 716.5 million kg CO2e. This figure comprises Scope 1 emissions of about 2 million kg CO2e, Scope 2 emissions (market-based) of approximately 0.8 million kg CO2e, and significant Scope 3 emissions. Key contributors to Scope 3 emissions in 2023 included downstream leased assets (approximately 266.8 million kg CO2e) and capital goods (around 262.3 million kg CO2e).
In the previous year, 2022, Segro's total GHG emissions were approximately 745.8 million kg CO2e. This included Scope 1 emissions of about 2.3 million kg CO2e, Scope 2 emissions (market-based) of approximately 1.7 million kg CO2e, and Scope 3 emissions totalling over 741 million kg CO2e, with downstream leased assets and capital goods being the largest contributors.
Segro has established ambitious reduction targets. The company aims to be net-zero carbon by 2030, which encompasses Scope 1, 2, and the most material elements of Scope 3 emissions, specifically Capital Goods and Downstream Leased Assets. Furthermore, Segro has committed to reducing the embodied carbon intensity of its development programme by 20% by 2030, against a 2020 baseline. They also target a 40% reduction in the carbon intensity of their properties by 2025 against a 2017 baseline.
In line with its commitment to sustainability, Segro has joined the Climate Pledge, signifying its commitment to net-zero carbon across its value chain by 2050. The company has also set Science Based Targets initiative (SBTi) aligned targets, including a commitment to reduce Scope 1 and 2 GHG emissions by 42% by 2030 from a 2020 baseline. More recently, Segro has set near-term targets to reduce operational emissions intensity by 81% by 2034 and long-term targets to reduce operational emissions intensity by 95.3% per square metre by 2050, both against a 2023 baseline. They also have long-term targets to reduce upfront embodied emissions intensity of new buildings by 95.5% per square metre by 2050.
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2050
90% reduction in scope 3 total
SEGRO further commits to reduce remaining absolute scope 1, 2 and 3 GHG emissions from purchased goods and services and remaining emissions…
2050
95.5% reduction in scope 3 upstream
SEGRO also commits to reduce upfront embodied scope 3 GHG emissions of new buildings, covering capital goods, 95.5% per m2 within the same t…
2034
57.9% reduction in scope 3 upstream
SEGRO also commits to reduce upfront embodied scope 3 GHG emissions of new buildings, covering capital goods, 57.9% per m2 within the same t…
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Common questions about Segro’s sustainability data and climate commitments
Data year: 2024
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