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SUSTAINABILITY INSIGHTS NEWSLETTER

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Today we demonstrate through our case study:
How the Canary Wharf Group generates employment and creates opportunities for local businesses in the Canary Wharf Estate
The Canary Wharf Estate is located in an area of London where many young people do not gain the skills required to move into the job market. So, Canary Wharf Group needs to create a long-lasting impact through indirect economic value.

By identifying, measuring, managing and changing the Canary Wharf Group is essentially in control of this very important aspect of CSR/ Sustainability.

The case studies sent out weekly through the FBRH SustainCase Newsletter are intended to give you insights on how you can maintain and increase the value of your company, through a structured process and the use of the Global Reporting Initiative's framework. We demonstrate how companies worldwide are dealing with their most important impacts (economic, environmental and social) and how they are succeeding in the long-term by building and maintaining favourable reputations and relationships with key stakeholders who can hold them back or stop them from reaching their objectives.

I thank you for taking the time to read through this letter. I hope the information provided through the www.sustaincase.com newsletter is of value to you and your company. If you wish to unsubscribe please follow this link.

sustaincase.com Simon Pitsillides
Editor
www.sustaincase.com
Case study: How the Canary Wharf Group generates employment and creates opportunities for local businesses in the Canary Wharf Estate
Case study: How the Canary Wharf Group generates employment and creates opportunities for local businesses in the Canary Wharf Estate
Abstract

On the one hand, companies that identify their most important impacts on the environment and their stakeholders (that can hold them back from reaching their objectives), are able to take specific actions to minimize negative impacts and increase their positive impacts. With procurement, the most important benefit companies enjoy, is that they can gain or retain their social license to operate. Additionally, local sourcing can be a strategy to help ensure supply, increase efficiency in a local setting and maintain community relations.

On the other hand, local communities enjoy the benefits gained from this process, such as stability and growth in economic value. When companies support local companies in their supply chain they can indirectly attract additional investment to the local economy and increase employment.

In developing the Canary Wharf Estate, Canary Wharf Group strives to create economic opportunities for the people ...
Case study: How the Canary Wharf Group generates employment and creates opportunities for local businesses in the Canary Wharf Estate VIEW MORE
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