SEGRO has published its Green Finance Framework, building on the Responsible SEGRO strategy launched in February 2021.
The Framework, which applies to SEGRO, its subsidiaries and joint ventures including SEGRO European Logistics Partnership (SELP), integrates financial strategy with the Responsible SEGRO commitments.
The Responsible SEGRO strategy has three central commitments:
• Championing low-carbon growth
• Investing in our local communities and environments
• Nurturing talent
The Green Finance Framework identifies projects which can be financed through green bonds, loans and other debt products. The projects, known as Eligible Green Projects, must support our Responsible SEGRO commitments as well as the Group’s business strategy. These include the development and acquisition of buildings with high quality environmental certifications, refurbishments of existing buildings which improve their energy efficiency and discrete projects which encourage clean transportation, generate renewable energy, reduce pollution and which have a positive influence on local biodiversity.
DNV independently assessed the Framework to ensure its alignment with relevant principles published by the International Capital Markets Association (ICMA) and the Loan Markets Association (LMA).
Lloyds Bank and Banco Santander acted as joint Green Structuring Advisors in supporting SEGRO and SELP in developing the Framework.
Soumen Das, Chief Financial Officer of SEGRO, says: “Climate change is the most significant long-term challenge facing the world and we are determined to play our part in tackling it. The Green Finance Framework reinforces our commitment to investors in SEGRO and SELP that we will invest the proceeds of debt instruments in support of our Responsible SEGRO targets, particularly the ambition of being net-carbon zero by 2030.”