Highlights of 2024

Carbon in our developments

A third of our 2024 carbon emissions came from embodied carbon in our development programme, including new buildings, infrastructure projects and refurbishments. Our corporate-level science-based targets include a goal to reduce the embodied carbon intensity of our new buildings by 58 per cent by 2034, compared to a 2023 baseline, and then to net-zero by 2050. Our embodied carbon target helps us to drive innovation across the industry in materials and design. All SEGRO employees have an element of their variable remuneration that is linked to our embodied carbon performance.

Development completion ratings

The sustainability credentials of a building are increasingly important for potential customers deciding on where to locate their businesses.

We target BREEAM ‘Excellent’ certification (or equivalent) unless local circumstances (such as supply chains) prevent it. BREEAM is a well-respected and established sustainability certification, which goes beyond carbon and energy to take a holistic approach to sustainability. BREEAM covers such diverse aspects as biodiversity impacts, rainwater runoff, occupant wellbeing and community engagement. 99 per cent of our development completions in 2023 have or are expecting to be accredited BREEAM ‘Very Good’ (or local equivalent) or better and 92 per cent have been or are expected to be rated BREEAM ‘Excellent’ or above.