Monday 3 March 2014 – Media Release
Canary Wharf Group becomes first property company in the world to achieve the Carbon Trust Waste Standard
Canary Wharf Group has achieved the Carbon Trust Waste Standard, making it one of the first ten organisations and first real estate company in the world to be recognised since the certification was launched in November 2013. The company achieved a 15.6% absolute reduction in waste across the certification period.
The Carbon Trust Waste Standard is an independent certification awarded to organisations that successfully measure, manage and reduce their waste output year on year, either through an absolute reduction or by dealing with it more effectively, for example by increasing rates of reuse, recycling, or recovery.
Canary Wharf Group’s waste management system is driven by the Group’s Waste Management Strategy, and sets out a long-term vision for improving recycling and reducing waste. Canary Wharf Group works extensively with all staff, tenants, suppliers and contractors to ensure areas of the business appreciate the importance of managing waste in a more effective manner in order to reduce the effect on the environment. This has led to 63% of commercial waste, 98% of construction waste and 100% of demolition/excavation waste being recycled or reused in 2013.
John Garwood, Group Company Secretary and Legal Counsel, Canary Wharf Group, said: “As a creator of communities we have a responsibility to set a waste management example for our tenants, visitors and neighbours so that we can protect and enhance the world in which we all live.
“Canary Wharf Group is unique among its peers in that we oversee our projects at every stage, from planning and initial design to development, construction and management. This enables us to work with the occupiers to ensure that the highest-quality buildings are created. We can also jointly assess the environmental issues involved and act upon them resulting in a more comprehensive approach to sustainable development and the environment.”
Darran Messem, Managing Director of Certification at the Carbon Trust, said: “Canary Wharf Group should be applauded for achievements made in bringing sustainability inside the Group’s projects and portfolio. Independent certification demonstrates an effective approach to waste management in Canary Wharf Group’s operations, and the Group is setting an example for other organisations to follow.”
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Notes to editors:
- Around the world it is estimated that around 11.2 billion tonnes of solid waste are collected each year.
- The decomposition of organic waste is responsible for around 5% of global greenhouse gas emissions.
- In the UK alone the waste sector is responsible for 17 million tonnes of carbon emissions a year, around 3% of all UK emissions. WRAP estimate that by 2020 moving towards a circular economy has the potential to increase the UK’s net exports by more than £20 billion and create 10,000 new jobs in just the recycling sector.
- The resource management sector in the UK already generates more than £13 billion a year in sales and employs more than 40,000 people.
- In 2014 UK landfill tax will be £80 a tonne.
UK government figures outline that British businesses have a £50 billion opportunity for making savings through resource efficiency in waste. Of these savings, £18 billion is identified as being achievable through low or no cost measures, with a payback of less than one year.
- The average European generates around half a tonne of waste a year. More than a third of this goes to landfill and only a quarter is recycled.
About the Carbon Trust Waste Standard:
The Carbon Trust Waste Standard certifies organisations that measure, manage and reduce their solid and hazardous waste. To achieve the standard organisations will need to demonstrate that waste streams are being reduced every year, or used of more effectively, for example through increased reuse, recycling or energy recovery.
More information can be found here www.carbontrust.com/wastestandard
About Canary Wharf Group plc:
Canary Wharf Group plc has achieved one of the greatest feats of civic transformation – an iconic urban regeneration, designing and constructing over 16 million square feet of office and retail space across its 97 acre East London Estate.
There are more than 300 shops, bars and restaurants at Canary Wharf. The Group’s world-class Arts & Events programme includes over 100 events each year and more than 60 art works by 45 artists and designers is found throughout the Estate. Temporary art exhibitions run throughout the year, with recent exhibitors including Peter Randall-Page, Phillip King and Phyllida Barlow.
Canary Wharf Group won the Christie’s Award for Best Corporate Art Collection and Programme at the International Art and Work Awards in November 2010, beating entries from around the world.
20% of the Estate is landscaped parks, plazas and walkways with over 1,000 trees, 88 floral species and each year 70,000 seasonal plants are planted. Canary Wharf also has one of Britain’s highest concentrations of ‘green’ roofs, reducing energy use and encouraging biodiversity.
100,000 people work at Canary Wharf, with the population projected to double by 2025.
Canary Wharf Group plc is an integrated property development, investment and management group of companies.
Canary Wharf Group’s Waste Management Strategy