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SEGRO also announced it has signed The Climate Pledge, a commitment to achieve the Paris Agreement 10 years early, and be net-zero carbon by 2040 or sooner.

Race to Zero members must pledge to achieve net-zero carbon emissions as soon as possible or by the middle of the century at the latest, to take immediate action to start delivering against interim and long-term targets and to report their progress publicly.

SEGRO joined the Race to Zero campaign via partner network The Climate Pledge, which was co-founded by Amazon and Global Optimism in 2019. The Climate Pledge requires signatories to be net-zero carbon by 2040 – which SEGRO’s 2030 target achieves, including a commitment to measure and report regularly on greenhouse gas emissions, to implement decarbonisation strategies in line with the Paris Agreement and to neutralise remaining emissions through credible offset programmes.

David Sleath, Chief Executive Officer, SEGRO, said:

“We recognise that the planet is facing a climate emergency. Earlier this year we launched our Responsible SEGRO framework which sets out our three long-term priorities to which we can make the greatest business, environmental and social contribution. One of these is championing low carbon growth and we’ve been actively pursuing this ambition across our business, for example at our new SEGRO Park Tottenham development and our refurbishment at Premier Park.

“We want to be at the forefront of the collaborative effort that is needed globally to address the climate challenge and, as we have already committed to be net-zero carbon by 2030, joining the UN’s Race to Zero and The Climate Pledge is a sensible, natural next step on this journey.”

The Responsible SEGRO framework formalises the company’s commitment to be a force for societal and environmental good. Within the framework, the Championing Low-Carbon Growth sets clear am-bitions around building lower-carbon spaces, running lower-carbon spaces and absorbing any residual carbon in line with limiting global temperature rise to less than 1.5 degrees.

Notes to editors:

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 8.8 million square metres of space (95 million square feet) valued at £17.1 billion serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in seven other European countries.

For over 100 years SEGRO has been creating the space that enables extraordinary things to happen. From modern big box warehouses, used primarily for regional, national and international distribution hubs, to urban warehousing located close to major population centres and business districts, it provides high-quality assets that allow its customers to thrive.

A commitment to be a force for societal and environmental good is integral to SEGRO’s purpose and strategy. Its Responsible SEGRO framework focuses on three long-term priorities where the company believes it can make the greatest impact: Championing Low-Carbon Growth, Investing in Local Communities and Environments and Nurturing Talent.


About The Climate Pledge

In 2019, Amazon and Global Optimism co-founded The Climate Pledge, a commitment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040. Now, over 200 organizations have signed The Climate Pledge, sending an important signal that there will be rapid growth in demand for products and services that help reduce carbon emissions. For more information, visit www.theclimatepledge.com.

Responsible SEGRO
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