Carbon Intelligence has been working with the iconic Canary Wharf Group estate to set ambitious carbon reduction targets aligned to climate science.
Canary Wharf is home to more than 150 corporate tenants, including HSBC, Barclays and KPMG, and is increasingly facing the challenge of attracting and retaining tenants who are demanding low-carbon office environments to help them fulfil their own sustainability agendas.Their targets covers both Scope 1 (direct) and Scope 2 (power-related) emissions across the entirety of CWG’s operations and estate in East London, as well as Scope 3 (indirect) emissions. In order to reach the target across Scopes 1 and 2, CWG has said it will need to collaborate more closely with tenants and building managers, given that it has been sourcing 100% renewable electricity for its retail estate since 2012.
As for Scope 3 emissions, CWG has set an additional aim to help 60% of its suppliers set science-based emissions targets within the next five years. Suppliers in construction, building management and related service industries will be targeted as a priority, given that these fields are often carbon-intensive.
Emma Watson, Senior Consultant who worked closely with Martin Gettings, Group Head of Sustainability at Canary Wharf Group, said that Canary Wharf had “a clear plan to reduce emissions based on climate science to limit warning to 1.5 degrees celsius, showing that ambitious climate action can be taken with a growing estate by collaborating with tenants and suppliers”.
Carbon Intelligence considers setting a science-based target as one of the strongest and most credible ways a company can demonstrate their commitment to tackling climate change. We are proud to have now worked with 1 in 3 UK companies on their approved science-based targets. Find out more here.