ISAE 3000 Assurance Statement
Independent Assurance of SEGRO's 2022/2023 GHG
Emissions Data
SEGRO
1 New Burlington Place,
London,
W1S 2HR
Prepared by:
SLR Consulting Limited
4th Floor, Oxford Place, 61 Oxford Street, Manchester, M1 6EQ
SLR Project No.: 410.065313.00001
29 January 2024
Revision: FINAL
Revision Record
Revision | Date | Prepared By | Checked By | Authorised By |
DRAFT | 25 January 2024 | Sharon Abram | Peter Truesdale | Peter Truesdale |
FINAL | 25 January 2024 | Sharon Abram | Peter Truesdale | Peter Truesdale |
FINAL | 29 January 2024 | Sharon Abram | n/a | Sharon Abram |
Click to enter a date. | ||||
Click to enter a date. | ||||
Basis of Report
This document has been prepared by SLR Consulting Limited (SLR) with reasonable skill, care and diligence, and taking account of the timescales and resources devoted to it by agreement with SEGRO (the Client) as part or all of the services it has been appointed by the Client to carry out. It is subject to the terms and conditions of that appointment.
SLR shall not be liable for the use of or reliance on any information, advice, recommendations and opinions in this document for any purpose by any person other than the Client. Reliance may be granted to a third party only in the event that SLR and the third party have executed a reliance agreement or collateral warranty.
Information reported herein may be based on the interpretation of public domain data collected by SLR, and/or information supplied by the Client and/or its other advisors and associates. These data have been accepted in good faith as being accurate and valid.
The copyright and intellectual property in all drawings, reports, specifications, bills of quantities, calculations and other information set out in this report remain vested in SLR unless the terms of appointment state otherwise.
This document may contain information of a specialised and/or highly technical nature and the Client is advised to seek clarification on any elements which may be unclear to it.
Information, advice, recommendations and opinions in this document should only be relied upon in the context of the whole document and any documents referenced explicitly herein and should then only be used within the context of the appointment.
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Table of Contents | ||
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1.0 The Nature of the Assurance
This is a report by SLR Consulting Limited (SLR) for Jack Shepherd, Sustainability Manager,
SEGRO.
SLR has undertaken an independent assurance of SEGRO's 2022-2023 greenhouse gas (GHG) emissions data against the WRI/WBCSD Greenhouse Gas Protocol, 2015 revised edition, and the appropriate GHG conversion factors for company reporting as published by UK Department for Environment, Food and Rural Affairs (DEFRA), Association of Issuing Bodies European Residual Mixes 2020 and the International Energy Agency (IEA), along with supplier-specific emissions factors.
The data assured relates to SEGRO's owned and leased facilities under its operational control across all geographies, for the reporting period 01 October 2022-30 September 2023.
SEGRO is entirely and solely responsible for the production and publication of the data assured, and SLR for its assurance.
This engagement was performed in accordance with the International Standard on Assurance Engagement (ISAE) 3000 (Assurance Engagements other than Audits or Reviews of Historical Financial Information).
GHG quantification is subject to inherent uncertainty due to factors such as incomplete scientific knowledge about the global warming potential of different GHGs and uncertainty around the models and parameters used in estimating GHG emissions.
SLR has complied with the requirements for independence, professional ethics and quality control as stipulated by ISAE 3000 (2020) Requirement 3a and 3b.
2.0 Assurance Work Performed
The assurance work was commissioned in October 2023 and was completed on 24 January 2024.
Detailed records were kept of meetings and correspondence relating to the assurance. A team of five, led by Sharon Abram, Technical Director, undertook the assurance and commentary process.
The assurance engagement was undertaken to a limited level. The assurance involved the following:
- In-depthmeeting with the Elliot Wood teams to ensure data collection processes and systems for embodied carbon, capital goods, upstream transport and distribution and construction wastes;
- Attendance at regular Teams calls with the SEGRO and EcoAct team to ensure data collection process and system;
- A review of underlying data sources and substantiating evidence to support this year's reporting, to assess robustness of monitoring and reporting systems;
- A review of year-on-year environmental performance trends to identify any significant changes in operational eco-efficiency and investigate the reasons behind these trends;
- A review of GHG calculations for accuracy and consistency with best practice guidelines; and
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ISAE 3000 Assurance Statement | SLR Project No.: 410.065313.00001 |
6. A review of group-wide data consolidation and reporting to check for errors or omissions in data analysis, consistency with underlying data sets and reasonableness of reporting.
The scope of the assurance is summarised below.
Scope | Source | Unit | Quantity |
Scope 1 emissions | Combustion of fuel | Metric tons CO2e | 1,403 |
and operation of | |||
facilities | |||
Scope 2 emissions | Purchased electricity, | Metric tons CO2e | 2,516 |
(location-based) | heat, steam and | ||
cooling | |||
Scope 2 emissions | Purchased electricity, | Metric tons CO2e | 1,707 |
(market-based) | heat, steam and | ||
cooling | |||
Scope 3 emissions | Customer emissions | Metric tons CO2e | 251,058 |
(market-based) | |||
Downstream leased | |||
assets | |||
Emissions reported | Metric tons CO2e | 0.003 | |
above, normalised to | |||
tonnes of CO2e per m2 | |||
of responsible space | |||
Total energy use | In compliance with | kWh | 15,122,165 |
SECR | |||
Scope 3 emissions breakdown1 | |||
Scope 3 emissions | Capital goods | Metric tons CO2e | 190,842 |
Scope 3 emissions | Downstream Leased | Metric tons CO2e | 251,058 |
Assets | |||
Scope 3 emissions | Purchased goods and | Metric tons CO2e | 66,722 |
services | |||
Scope 3 emissions | Fuel and Energy | Metric tons CO2e | 110,798 |
related activities | |||
Scope 3 emissions | Use of sold products | Metric tons CO2e | 183 |
Scope 3 emissions | Upstream | Metric tons CO2e | 6,013 |
transportation and | |||
distribution | |||
Scope 3 emissions | Waste generated from | Metric tons CO2e | 9,378 |
operations | |||
Scope 3 emissions | Business travel | Metric tons CO2e | 818 |
1 Scope 3: Capital goods, Downstream Leased Assets, Purchased goods and services, Fuel and Energy related activities, Use of sold products, Upstream transportation and distribution, Waste generated from operations, Business travel, Commuter travel and home working, Upstream leased assets. Downstream transportation and distribution, Processing of sold products, End-of-life treatment of sold products, Franchises & Investments were determined to be not relevant to SEGRO.
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ISAE 3000 Assurance Statement | SLR Project No.: 410.065313.00001 |
Scope | Source | Unit | Quantity |
Scope 3 emissions | Commuter travel & | Metric tons CO2e | 342 |
employee | |||
homeworking | |||
Scope 3 emissions | Upstream leased | Metric tons CO2e | See footnote2 |
assets |
3.0 Independence
SLR is a specialist management consultancy, advising corporations that seek to improve their economic, social and environmental performance around the world and is a leading assuror of corporate responsibility and sustainability reports.
We have worked with SEGRO on its sustainability issues since 2017 and have provided assurance since the same year. SLR, for this 2022-2023 reporting period, has not been part of the data management systems and processes that have been scrutinised for the purpose of this assurance.
4.0 Conclusion
Based on the scope of work and assurance procedures performed, nothing has come to our attention that causes us to believe that the GHG inventory described above is not prepared, in all material respects, in accordance with the GHG protocol & UK government environmental reporting guidelines.
SLR Consulting Limited
Manchester
January 2024
2 SEGRO has brought emissions from rented offices from which the organisation operates into Scope 1 & 2 emissions, to better reflect SEGRO's 'corporate and customer' approach.
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SEGRO plc published this content on 21 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2024 15:01:03 UTC.