Potential offtaker

SEGRO plc,

www.segro.com

Estimated electricity consumption

N/A

Countries of production presence

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SEGRO plc is a leading real estate investment trust (REIT) that specializes in the development, ownership, and management of modern, high-quality industrial and logistics properties across Europe. The company is headquartered in the United Kingdom and operates in the Bulk Warehouse REIT sector. With a portfolio of over 7 million square meters of space, SEGRO is one of the largest industrial property owners in Europe.

SEGRO is committed to sustainability and decarbonisation, and has set ambitious targets to reduce its carbon footprint and increase the use of renewable energy across its portfolio. The company recognizes that the industrial and logistics sector is a significant contributor to global greenhouse gas emissions, and is taking proactive steps to address this challenge.

One of SEGRO's key initiatives is to reduce the carbon footprint of its buildings through energy efficiency measures and the use of renewable energy. The company has invested in a range of technologies and solutions to improve the energy performance of its properties, including LED lighting, smart building systems, and efficient heating and cooling systems. SEGRO also works closely with its tenants to encourage them to adopt sustainable practices and reduce their own carbon footprint.

In addition to energy efficiency measures, SEGRO is also investing in renewable energy to power its properties. The company has installed solar panels on a number of its buildings, generating clean energy to power its operations. SEGRO is also exploring other renewable energy sources, such as wind and geothermal, to further reduce its reliance on fossil fuels.

Corporate energy procurement is another area where SEGRO is making progress in decarbonisation. The company has signed a number of corporate power purchase agreements (PPAs) with renewable energy providers, enabling it to purchase clean energy directly from the source. These agreements not only provide SEGRO with a reliable, low-cost source of renewable energy, but also support the development of new renewable energy projects.

SEGRO's commitment to sustainability and decarbonisation is reflected in its corporate strategy and governance. The company has established a Sustainability Committee, which oversees the development and implementation of its sustainability strategy. SEGRO also publishes an annual sustainability report, which provides transparent reporting on its environmental, social, and governance (ESG) performance.

In addition to its sustainability initiatives, SEGRO is also focused on delivering value to its shareholders through a disciplined approach to capital allocation and portfolio management. The company has a strong track record of delivering consistent, sustainable growth, with a focus on high-quality assets in key locations. SEGRO's portfolio is well-diversified across geographies and sectors, providing a stable income stream and long-term growth potential.

Overall, SEGRO is a leading player in the Bulk Warehouse REIT sector, with a strong commitment to sustainability and decarbonisation. The company's focus on energy efficiency, renewable energy, and corporate energy procurement is helping to reduce its carbon footprint and support the transition to a low-carbon economy. With a well-diversified portfolio and disciplined approach to capital allocation, SEGRO is well-positioned to deliver sustainable growth and value to its shareholders over the long term.

✓ Science Based Targets member
✓ Declared Net Zero commitment