Segro

Segro, a UK-based company in financial intermediation services, is committed to achieving net-zero carbon emissions across its value chain by 2050.

In 2025, Segro's reported carbon emissions included approximately 2,306,000 kg CO2e from Scope 1, 1,801,000 kg CO2e from Scope 2 (market-based), and approximately 39,064,000 kg CO2e from Scope 3, with 39,000,000 kg CO2e from purchased goods and services and 64,000 kg CO2e from business travel. For 2024, Scope 1 emissions were about 2,292,000 kg CO2e, Scope 2 (market-based) emissions were around 1,296,000 kg CO2e, and Scope 3 business travel emissions were 108,000 kg CO2e.

Segro has set several reduction targets. The company aims to reduce its Scope 1 and 2 GHG emissions by 42% by 2030 from a 2020 base year. Additionally, Segro commits to reducing the embodied carbon intensity of new developments by 20% by 2030, against a 2020 baseline, covering Scope 3 capital goods. They also have a near-term target to reduce the intensity of corporate and customer emissions by 81% by 2034, against a 2023 baseline, encompassing Scope 1 and Scope 2. Long-term, Segro aims to reduce Scope 1, 2, and 3 in-use operational GHG emissions of owned and leased buildings (downstream leased assets) by 95.3% per m² by 2050 from a 2023 base year. They also target a 95.5% per m² reduction in upfront embodied Scope 3 GHG emissions from new buildings (capital goods) by 2050 from a 2023 base year, and a 90% reduction in remaining absolute Scope 1, 2, and 3 GHG emissions from purchased goods and services and capital goods within the same timeframe. These commitments are consistent with reductions required to keep global warming to 1.5°C, as validated by the Science Based Targets initiative (SBTi). Segro is also a signatory of The Climate Pledge.