Canary Wharf has a thriving population of 120,000, which is set to rise to 200,000 by 2030. Overseeing the workings of this mini-city means we need an integrated governance approach which takes into account all of our stakeholders to create a place that benefits everyone.
Corporate Responsibility Group
Our Corporate Responsibility Group (CRG) is made up of senior department heads from across the business and meets regularly to oversee the company’s sustainability agenda.
This year, to ensure the CRG continues to have the strongest possible impact, we created four working groups to oversee the four key work streams. The working groups will meet quarterly, while the full CRG will continue to meet twice annually to provide updates and insights. Through these working groups, the CRG will set challenging long-term targets as well as shorter term targets that will help keep us on track.
Details regarding our Board of Governors, including our Conflict of Interest Policy, can be found on our corporate website.
Setting Challenging Targets
As we move into a new decade, we are facing challenges on a global scale; climate change, biodiversity loss, ecological collapse, air pollution and resource scarcity are real, material threats. We have set ourselves ambitious long-term targets that will shape our strategy and inform our actions over the next 30 years. We’ve developed interim targets so we can monitor progress, make adjustments and keep ourselves on track for our long-term targets.
Science Based Targets
Decisive action is essential in order for the UK to reach net zero by 2050. Businesses need to commit to slashing emissions by driving energy efficiency and switching to renewable energy sources. We have recently set Science Based Targets to support our transition to a zero carbon economy.
Canary Wharf Group commits to reduce absolute Scope 1, 2 and 3 GHG emissions from downstream leased assets by 65% by 2030 from a 2017 baseline.
Canary Wharf Group commits that 60% of its suppliers by emissions covering purchased goods and services will have Science Based Targets by 2025.