Canary Wharf Group Commits to 'Making Sustainability Real' With 2030 Vision

May 25, 2018 4:00 AM ET
Article

As Canary Wharf Group marks 30 years, it looks forward to its next 30 years of evolution. As part of this evolution Canary Wharf Group has set out its 2030 vision in its 2017 sustainability report: ’Making Sustainability Real’.

Click here to view the complete 2017 Sustainability Report

Click here to download the 2017 Summary Sustainability Report

“In an uncertain world that faces substantial economic, environmental, social and political challenges, we are confident that our vision and approach will enable us to be both successful and sustainable.

We look forward to the next 30 years of our evolution.”

Sir George Iacobescu CBE, Chief Executive and Chairman of Canary Wharf Group plc

In the report, Canary Wharf Group unveils an ambitious plan to ensure sustainability continues to be at its heart. The new strategy is formed around four pillars:

  1. Evolve: Placemaking has always been central to Canary Wharf Group’s vision and the Group is focused on creating intelligent, versatile and connected places of the future where people enjoy living, working and relaxing.
  2. Include: Since 1987 the Group has sought to create not just a new city district, but a community, and today it remains focused on ensuring that the area – and everyone around it – thrives both socially and economically.
  3. Pioneer: Canary Wharf has always been a centre for innovation and regeneration, at the forefront of economic and technological change. Today, it is home to some of the UK’s leading technology companies, helping to facilitate collaboration and innovation.
  4. Optimise: Canary Wharf’s unique operating model, combined with its close relationships with tenants and suppliers, means that from design to completion and ongoing management, it can create zero-carbon, zero-waste spaces. 

The report also highlights the great progress Canary Wharf has made since it took on the challenge of transforming the former East London docklands into one of the most important and vibrant financial centres in the world, including generating £1.59bn for local small  medium and micro enterprises over the past 30 years and achieving five consecutive years of powering the entire Estate’s electricity from renewable sources

Highlights for 2017 include:

  • £1.59 billion of business generated for local SMMEs since 1997
  • 41% of Group spending was on local companies in 2017
  • £17.5 million total investment in community engagement projects since 2009
  • 100% of CWG electricity (450 million kwh) from renewable sources since 2012
  • 10.7% reduction in energy use since 2016
  • 450,000 coffee cups recycled in 2017

The independently assured report has been prepared in accordance with the Global Reporting Initiative Standards: Core Option.

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We hope you enjoy reading our report and we would be very interested in hearing your views. Please contact pressoffice@canarywharf.com to provide your feedback.

About Canary Wharf Group

Canary Wharf Group plc has overseen the largest urban regeneration project ever undertaken in Europe, designing and building more than 16.5m sq ft of London real estate, which now houses local and international companies and renowned retailers.

The Canary Wharf Estate is a major retail destination comprising around 1m sq ft across five shopping malls, including the award-winning leisure development, Crossrail Place, housing one of London’s most stunning roof gardens.  It also has world-class, year-round arts and events programme offering over 200 diverse and culturally inspiring events performed throughout the Estate.

Canary Wharf Group is a wholly owned joint venture between Brookfield Property Partners and the Qatar Investment Authority.

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Read the Report