Corporate Responsibility Report Years of Business at Canary Wharf Years of Corporate Responsibility Reporting Contents Introduction 4 About Canary Wharf Group, Chief Executive’s statement and 2010 highlights Local Economy 7 Find out how the Group is creating jobs and growing small businesses in the local area Environment 13 Understand what makes Canary Wharf Group one of the greenest companies in Britain Community 17 See how the Group fosters social development through education, sport, music, Verification Targets % faith and more Independently verified by Bureau Veritas 85.9 Overall 100% 100% 100% 100% 100% 75% IMPROVE DATA COLLECTION DEVELOP SUSTAINABLE DEVELOP SUSTAINABLE DEVELOP GREEN DEVELOP GREEN ENHANCE BIODIVERSITY AND RECORDING OF WATER STRATEGY ENERGY STRATEGY FOR PROCUREMENT STRATEGY PROCUREMENT STRATEGY ENVIRONMENTAL MANAGED BUILDINGS CANARY WHARF GROUP CANARY WHARF GROUP PERFORMANCE ON Verification 20 CONSTRUCTION Contents Verification Targets Bureau Veritas provides an 100% 100% 100% 100% 50% 100% ACTUAL ENERGY REDUCTION ACTUAL ENERGY REDUCTION CARBON MANAGEMENT CARRY OUT JOINT PROJECT ENHANCE TRANSPORT INCREASE EMPLOYEE IN MANAGED BUILDINGS IN CANARY WHARF GROUP STRATEGY WITH A TENANT STRATEGY FOR CANARY WHARF PERCEPTION OFFICES independent assessment of 100% 0% 100% 50% DEVELOP SUSTAINABLE IMPROVE RECYCLING FIGURES COMPLETE COMMUNITY PROJECT MANAGEMENT LIGHTING STRATEGY FOR corporate responsibility INVOLVEMENT PROJECT INFRASTRUCTURE AREAS activities in 2010 PAGE 20 www.canarywharf.com www.canarywharf.com PAGE 21 Local Suppliers This report was produced with the help of the following local suppliers: • DESIGN AND PROJECT MANAGEMENT: Runwild Media Group - www.runwildgroup.com • PRINTING: Park Communications Limited - www.parkcom.co.uk • PHOTOGRAPHY: Folio Photography - www.foliophoto.co.uk • PHOTOGRAPHY: Inview Photography - www.inviewphotography.co.uk • INDEPENDENT VERIFICATION: Bureau Veritas - www.bureauveritas.co.uk PAGE 3 About Us Chief Executive’s Statement Canary Wharf Group plc is an integrated property development, Welcome to Canary Wharf Group’s tenth annual investment and management group of companies Corporate Responsibility Report Canary Wharf Group plc (‘Canary Wharf Canary Wharf Group and its joint Our first edition of this report was working population of Canary Wharf climb Group’ or ‘the Group’) has achieved one of venture partners have planning Reporting Objectives published in 2001. Since then Canary above 100,000 for the first time in 2012. the greatest feats of civic transformation – permission to approximately double Wharf has undergone dramatic change The second is Canary Wharf Group’s Canary Wharf Group strives developing previously derelict docklands Canary Wharf’s working population and rapid growth, with the working continued success away from the Canary for environmental, social and into over 15 million sq ft of office, retail over the next 20 years. These sites offer population more than doubling to 95,000. Wharf estate. In 2010 the Drapers economic sustainability, both in and leisure space across its iconic business bespoke office buildings designed and As London’s centre of gravity shifts Gardens project in the City of London was its own operations and those of its and shopping district in inner London. constructed to the highest standards eastwards, Canary Wharf is increasingly successfully completed, let and sold. At stakeholders. In the last two decades it has developed of architecture, infrastructure and seen as an integral part of Central London, the end of 2010 we entered a joint venture This report demonstrates Canary more top-quality office space in London resilience. helping the world’s best businesses invest with Land Securities to build the beautiful Wharf Group’s performance against than any other company, helping to Canary Wharf Group has developed and expand in the capital. and iconic Walkie Talkie building at 20 corporate responsibility targets position the capital as one of the best more than 200 shops, bars, cafes and Achieving this scale and speed of Fenchurch Street, also in the City. in the 2010 calendar year. In line places in the world to locate a business. restaurants at Canary Wharf, including development has only been possible with corporate best practice the The 35 completed buildings at Canary many of the world’s leading brands. through an emphasis on sustainability. Group’s performance and the Wharf include three shopping malls and It runs over 100 performing arts and So how do we achieve this? Partly it The challenge for the content of this report are verified George Iacobescu CBE are occupied by some of the world’s best events annually, most of which are free. comes from ‘living above the shop’. For next 20 years is to continue by Bureau Veritas, an independent companies employing 95,000 people in a More than 60 art works by 45 artists 20 years our team has largely focussed on “ expert in environmental and social to pump the economic diverse range of industries. and designers are on public display one location, a previously derelict patch of responsibility. Canary Wharf Group has successfully throughout Canary Wharf. docklands, giving it a sense of place that will lifeblood into our local delivered several projects away from The Group has been named one of the Further information can be found at last for centuries. This requires a unique communities and provide a Introduction Canary Wharf, including in the City of Sunday Times Best Green Companies www.canarywharf.com attention to quality and detail, a willingness London. All design, construction and in the UK since 2008, was the Property to work positively with our community and built environment that will project management is undertaken by Week Offices Developer of the Year above all, a long-term vision. sustain and win admiration Canary Wharf Contractors Limited, the 2010 and won the Christie’s Award for Operating all the way across the UK’s foremost exponent of tall building Best Corporate Art Collection at the property supply chain, from planning, from generations to come design and construction. International Art and Work Awards 2010. design and construction through to finance and management, means we can As we increasingly apply our skills and control and embed sustainable practices in experience to projects outside Canary all aspects of our projects. Wharf, we will take our culture of This report is largely devoted to the corporate responsibility with us. past; however there were two very positive The economic ‘heart’ of the Docklands developments in 2010 which bode very has been given a transplant in the past 20 well for the future. years, to the benefit of London and the The first is an agreement with UK. The challenge for the next 20 years J.P. Morgan to locate its European is to continue to pump the economic Headquarters at 25 Bank Street and to lifeblood into our local communities restart construction up to ground level on and provide a built environment that the Riverside South project. This is a huge will sustain and win admiration from vote of confidence in London. It will see the generations to come. george iacobescu cbe chief executive canary wharf group plc, may 2011 PAGE 4 www.canarywharf.com www.canarywharf.com PAGE 5 KPMG, 15 Canada Square, named Sustainability Project of the Year by the Royal Institution 2010 Highlights of Chartered Surveyors Key achievements in a monumental year of corporate responsibility initiatives Record level of achievement Best Green Companies East London Business Canary Wharf Group attained a record Canary Wharf Group ranked number Place helps thousands 85.9% in its corporate responsibility 22 on the Sunday Times 60 Best Green of businesses performance objectives, the highest in Companies list, up nine places on the East London Business Place has registered ten years of reporting as independently previous year. It is the third year in a row over 3,200 small local businesses. Since verified by Bureau Veritas. Canary Wharf Group has made the list. 1997 the free service has helped local SMEs to win £680m of contracts at Canary Wharf and other major developments in East London. 1. Local Economy Job growth One Canada Square gets a Recycling construction waste Canary Wharf Group schemes Canary Wharf’s working population reached green make over Canary Wharf Contractors Limited has have helped small local businesses 95,000 in 2010. It will climb to 105,000 in A retrospective fit out of equipment in recycled 99% of construction waste 2012 when J.P. Morgan moves its European Britain’s largest office building has saved generated from its building sites. win over £680m of contracts headquarters to 25 Bank Street and Shell nearly 1,000 tonnes of carbon emissions moves staff to 40 Bank Street. Approximately per annum. one in four of these jobs belong to a resident living in a local borough. This report is available online at www.canarywharf.com PAGE 6 www.canarywharf.com www.canarywharf.com PAGE 7 20 Years of Supporting East London Business Place Local Business Achievements in 2010 Two decades of investing in local business has aided the area’s The East London Business Place initiative continues to transition from derelict dockland to London’s economic powerhouse flourish, with more than 3,200 businesses registered Canary Wharf Group continues to lead the East London Rooff Construction Ltd, based in Stratford Prime Coffee, based in Business Place (ELBP) initiative. For almost three Trinity Buoy Wharf years, thanks to funding from the London Development Authority, Canary Wharf Group and several local authorities, the East London and Thames Gateway business community has benefited from the support of this unique local procurement vehicle. ELBP is a free service, which links local small to medium enterprises (SMEs) with buyers from major organisations in East London and the Thames Gateway, including those in Canary Wharf, the London 2012 Olympics and Paralympics Site and other developments. ELBP has outperformed all targets set up to March 2011. By December 2010 ELBP had registered over 3,200 businesses.