Modern Slavery and Human Trafficking Statement
Modern Slavery And Human Trafficking Statement For The Financial Year Ended 31 December 2020
Canary Wharf Group Investment Holdings plc (the “Parent”), is the holding company of the Canary Wharf Group which is the developer of the largest urban regeneration project in Europe and the largest sustainable developer in the UK.
This statement is made by the Parent on behalf of the subsidiaries listed below which are required to publish an annual modern slavery statement in compliance with Section 54 of the Modern Slavery Act 2015:
- Canary Wharf Limited
- Canary Wharf Contractors Limited
- Canary Wharf Management Limited
- Braeburn Estates Limited Partnership (a joint venture entity in which the Parent holds a 49.95% interest)
- 10 Upper Bank Street Separate Limited Partnership (a joint venture entity in which the Parent holds a 10% interest)
- Canary Wharf Contractors (1BS) Limited
- HQCB Investments Limited
- CWBC Properties (BP1) Limited
- Vertus NFL Development Company Limited
- CWBC Leasing (BP1) Limited
- CWCB Properties (DS7) Limited
The Parent together with its subsidiaries, not all of which are required to publish a statement, make up the “Group”. This statement sets out the Group’s commitment to prohibiting any form of forced labour or slavery throughout our supply chain.
The Parent, operating through its subsidiaries, is a fully integrated property development, investment and management Company. We have approximately 1,200 employees in the UK.
The Group has overseen the largest urban regeneration project in Europe and is a fully integrated private real estate company that develops, manages and currently owns approximately 7.5 million square feet of office space, 0.9 million square feet of retail and 500 Build to Rent apartments.
The Group’s current £2.4 billion development pipeline is composed of 500k square feet of office/retail properties, and over 1,750 new homes for sale and rent.
The Group is an industry leader in sustainability including purchasing 100% renewable electricity for the Estate since 2012 and zero waste going to landfill from the managed Estate since 2009.
Our vision is to transform urban spaces into extraordinary environments by empowering our people, engaging with our communities and creating sustainable places.
As one of the leading construction companies in the UK, we are committed to ensuring transparency in our own business and in our approach to tackling modern slavery throughout our supply chains. We expect the same high standards from all our contractors, suppliers and other business partners.
The principal way in which we approach modern slavery risks in our supply chain is by using the types of procedures set out in our Anti-Slavery and Human Trafficking Policy (see Corporate Policies). This policy is subject to on-going review. We expect all our counterparties to subscribe and commit to our policy and requiring their compliance and an expectation they apply these principles throughout their company.
Our Company has a zero-tolerance approach towards modern slavery. We are committed to the eradication of modern slavery throughout our organisation.
In keeping with our Company’s commitment to act with integrity and pursuant to our core values, many of our existing internal policies are relevant in ensuring there is no forced labour or slavery in any part of our business or supply chains.
Our Anti-Slavery and Human Trafficking Policy encourages individuals working at all levels to raise concerns and to assist with the prevention, detection and reporting of suspected modern slavery. We provide regular opportunities for any concerns to be raised.
Our Whistleblowing Policy and dedicated Employee Hotline actively encourage the reporting and exposure of illegal and unethical behaviour. Our Hotline will shortly be broadened to allow reporting from the general public. Any matters raised will be thoroughly investigated and appropriate action taken where necessary.
Our Anti-Bribery and Corruption policy enforces our commitment to bribery and corruption prevention. The Group does not tolerate corruption and the Group, Board and management are prepared to forego contracts rather than to pay bribes.
Under our Code of Business Practices and Ethics, workers are expected to be treated honestly, fairly and with respect and likewise, the expectation is on our workers and third party service providers never to engage in any form of corruption to include bribery, fraud, deception or misrepresentation.
We acknowledge our responsibility to live the principles of being a good neighbour under our Community Policy Statement and to inspire positive impact under our Corporate Responsibility policy.
The Group embraces diversity as a practical contribution to our business success and is committed to the promotion of equality of opportunity in employment as supported by our Diversity and Equal Opportunities policy.
Due Diligence and Risk Assessment
The Group expects the highest standards of conduct from its employees, business partners and suppliers with which it engages. The Group has an established internal risk control and audit process with a range of ethical policies. In addition, the Internal Audit process is independently verified and audited.
Our internal control process engages senior management across the business, face to face meetings are held regularly and as required depending on the significance of the particular risk, where there is the opportunity to raise any concerns including those relating to modern slavery.
We carry out due diligence enquiries in respect of our dealings with third parties via our prequalification supply chain process.
As part of our contracting processes we include specific prohibitions against the use of forced or slave labour, assess relevant risks relating to our contractors, suppliers and business partners. We reserve the right to audit compliance by our contractors, suppliers and business partners at any time and to review relevant risks.
The Group is committed to improving the skills of employees through various training and development initiatives.
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to our staff on all our policies as part of the induction process, following which staff are asked to sign to say they will abide to these polices. We also provide online training for all staff as and when required. We raise awareness of our Anti-Slavery and Human Trafficking policy amongst our contractors and supplier’s employees during site induction.
This Statement was approved by the Board on 16 March 2021 and signed on its behalf.
Group Company Secretary