A collective of game-changing, like-minded enterprises and business communities, sharing the same determination to make great things happen
Since the beginning of time and the earliest of civilisations, food has brought people together. The preparation and sharing of meals – whether it be around a tribal campfire in the remote outback or a boardroom table in the heart of the city - provides a profound opportunity for people to bond and connect, share stories, debate ideas and to defuse differences.
Food service is also an opportunity to embrace wellbeing, celebrate diversity and champion sustainability, and few know this better than professional services firm KPMG. With commercial kitchen facilities at Barangaroo that would rival those of any international five-star hotel, the organisation takes meal preparation and food service very seriously indeed.
“As an organisation, we believe KPMG is a reflection of the general community itself,” says Ransdale Dinger, National Client Experience Team Leader, KPMG. “We are an international company, which means our people are incredibly diverse, as are our clients. However, we feel some things are universal – great hospitality and service, celebration of community, and the provision of nourishment, and our goal is to use thesethings to bring all people together.”
With a team of approximately 2,500 in Sydney, and just over 7,000 nationally, the KPMG community is a mirror of modern Australia, and the organisation relishes its role as a responsible corporate citizen in every aspect of its operations. One of those is in the preparation and service of meals to its teams and clients. On any given week, the kitchens within its Barangaroo office at International Towers, Tower Three, prepare an average of 500 fine-dining lunches and dinners, cater to hundreds more for breakfasts and casual meals, bake thousands of muffins, and deliver an endless supply of fruit and beverages.
“The sheer volume of food we prepare each week means we have a genuine opportunity to make a difference to not only our own community at KPMG, but the greater community too,” says Ian McKenzie, Head Chef. “We work very closely with our community of farmers and growers, not only so that we can source the very best, seasonal produce, but also to minimise waste and food miles. We adhere to a paddock-to-plate and nose-to-tail ethos, which helps us to deliver an experience that is as sustainable as possible, and that is also very much focussed on the health and nutrition of everyone we serve.”
Currently, around 80 per cent of all waste from the KPMG kitchens is recycled or repurposed. An achievement like this doesn’t happen by accident. By taking control of the supply process – for instance, sourcing sustainably grown, whole fish and preparing them in-house, using the bones to make stocks for soups and other dishes, Ian and his team have been able to dramatically reduce the amount of food waste, as well as the organisation’s environmental footprint. A Waste Management Induction process, hosted by Lendlease and International Towers management, also provided valuable insights into how the industry-leading, recycling and repurposing facilities within the Towers work, enabling all involved with food preparation at KPMG to work together toward a common mission, and introduce processes to ensure they were working as sustainably as possible. This includes a highly disciplined approach to recycling, as well as other initiatives, such as supporting National Recycling Week, promoting multiple-use coffee cups, and working with organisations such as food rescue charity OzHarvest to distribute surplus meals.
Ian, who has cooked for CEOs, dignitaries and royalty all over the world (he was once the chef on the Royal Yacht and cooked for Lady Diana), also understands his unique position to influence the wellbeing of the community he serves. “The way people eat has changed, and continues to evolve,” he says. “People are much more conscious of the role of diet in their overall health, so we try to support that – and even drive that – through our kitchen. For example, we’ve replaced many of the biscuits we used to bake as team snacks with fresh fruit and nuts; we’re serving less carbohydrates, making cold-pressed juices and we recently established a close relationship with Bell & Brio from within our Barangaroo community to make our bread, using pure ingredients and amazing, whole grains. We even adopted a cow from the dairy in the Camden Valley that supplies our milk. The milk is bottled at the farm and delivered straight to us and, on a clear day, we can even see the dairy farm from our office at International Towers. It doesn’t get more local than that.”
Community responsibility at KPMG isn’t confined to the dining table. Outside the kitchens, the organisation has a robust program of events and initiatives, and uses every opportunity to engage with its own community to support a range of causes, from distributing white ribbons to its service teams in support of ‘White Ribbon Day’; purple neck ties for ‘Wear It Purple Day’; and hoodies in support of NAIDOC Week, to even decorating the coffees they serve with icons relating to national causes and community initiatives to raise awareness and start conversations.
“It’s all about experience,” says Ransdale. “If we can improve the life of a single person through our actions, then everything we do is worthwhile. If we can improve the lives of all in our community and beyond, then we have achieved something incredibly special.”
OnMarket is a unique, crowdfunding and venture advisory business that is helping democratise finance for investors and bring new, early-stage funding to startups and small, scalable businesses. The company recently completed its 100th IPO and introduced the world’s first App for crowdfunding IPOs, and was one of the first to receive the new crowd-sourced funding licenses in January 2018.
We spoke to Rosie Kennedy about how her traditional finance background led her to help build the OnMarket business.
As a professional, and now an entrepreneur, you have a wonderful mix of experience across traditional finance, financial governance and disruptive fintech. What are the highlights?
I began my career in the money market, then ran the government bond trading desk for what is now UBS.
My next major role was heading up business development at ASX, where my focus was on trying to allow retail investors to invest in fixed interest securities, or debt securities, because Australian investors are traditionally very equity-focused.
I went on to work at ASIC in the area that supervises exchanges. I also helped simplify the prospectus regime for debt issuers – again hoping to free up the debt market so retail investors had an opportunity to participate.
Then you met your co-founder at OnMarket, Ben Bucknell, who was trying to do something very similar in the equity market?
Yes. My passion came from being intimately involved in the bond market, and seeing the importance of diversification of portfolios. It was clearly apparent that retail investors were not being given the same opportunities to diversify their portfolios as institutions. Ben had the same vision in the equity market.
Initially we licensed our intellectual property to ASX, to build ASX BookBuild. This system was built within ASX’strading platform and was a tech-driven solution to improve the pricing on equity issuance by listed companies and improve participation for investors.
As this was a B2B model, we really needed some firms in the big end of town to grasp the opportunities arising out of digital disruption in financial markets. But remember, when we were launching ASX BookBuild, it was before the word ‘fintech’ was in common usage. The reality was that there were a lot of powerful, vested interests in the existing process, and it was not easy to get support for an innovative new approach.
Ironically, that lack of support drove us to develop OnMarket, which is a B2C service on desktop and in the App Store. It’s simple, and a far cry from what we were originally doing, but it seems to solve a real problem for investors (by giving them access to discounted IPOs) and companies (by providing a cost effective way of reaching investors).
What companies do you think stand out in the crowd-financing area?
We’ve had a few firsts. We closed Australia’s first equity crowdfunding offer, Revvies, in March 2018. And we’ve completed the largest crowdfunding deal in the world in terms of the number of investors. The company is called DC Power. They got 15,000 investors, and previously the largest number of investors globally was about 6,200.
One of our more interesting offers is The Cup eXchange (TCX) – which is a sustainable, coffee cup business which is solving the disposable cup conundrum. This offer opened in November 2018, and the minimum raise was covered in the first seven days.
It’s a subscription model where consumers are given two cups and they exchange those cups via scanning. Each cup has an identifier, and they scan the cups for credits. Once the coffee is finished, you pop the cup back to that particular café, or to another participating café.
That cup can be used by any participating café, and it never finds its way to landfill because if the coffee cup is ever damaged – which is unlikely because it’s made in a durable way that is very sturdy – it’s crushed down and made into another one.
It’s on trial in Sydney and Barangaroo, and in Melbourne as well. And they are the first-to-market with this product – there is no reason it can’t go global.
Does a crowdfunding raise also help with marketing and awareness of a business?
Definitely. The smaller companies can also use this process to engage their whole stakeholder chain – from employees, to the suppliers and the customers who really embrace the product and engage with the whole process – it’s a nice way of tying all the stakeholders in. For example, we completed a successful crowdraising for PT Blink – a technology company that is revolutionising the construction process. The key benefit for that group was getting referrals from customers. People saw their story whether they invested or not. As a result, large building companies got in touch with PT Blink to use the product.
You expanded your business to Tower Two at International Towers in 2018. You were previously based in Bligh St in Sydney’s CBD, what was behind the move?
We were looking to scale our business – and the tenant model at International Towers was beautifully configured for that kind of progressive growth.
Also, OnMarket is very much in the innovation business and the incredible strength of the innovation community at International Towers was a big attraction for us. We were drawn to the powerful community of enterprise and growth companies and the partnership approach International Towers takes with its tenants.
I think it’s a great benefit that we’re able to work together in such a collaborative environment, especially on our floor. As an example, with The Cup eXchange I spoke to fellow tenant partners, the Green Building Council Australia about relevant contacts in the sustainability area. They connected me with a terrific person at one of the large accounting firms, who has since put us in touch with a facilities manager, and as a result they’re about to sign a large partnership deal.
...which in an enterprise world is very fast-tracked?
Unbelievably. That all happened in 3.5 weeks. That’s a classic example of the working environment, but also of the collaborative nature of the people here. It’s certainly early days, but the camaraderie we’ve already experienced is fantastic.
In October 2018, International Towers, Tower Two and Tower Three, launched its Commercial Building Volume Certification Program. It is the first commercial property in Australia to streamline certified, individual Green Star tenancy ratings for each of its tenants. Nicole Sullivan, Senior Manager – Green Star Solutions, at the Green Building Council Australia (GBCA) explains what this means for sustainability and what’s still on the horizon.
For all the scientific research that supports the concept of biophilia - an innate and genetically-determined affinity of human beings with the natural world – the simple reality is that flowers have an ethereal ability to make us feel happy and at peace and, like a timeless work of art, transcend the boundaries of language or culture to unify us all in an appreciation of beauty.
For florist Maria Claudia, the delicate (and often challenging) art of creating floral installations of scale is both a passion and privilege. Her bespoke installations at International Towers combine an absolute commitment to sustainability, as well as a desire to showcase the unique native flora of Australia where possible in a creative and inspiring way.
Tell us a little about your story. How did you come to be involved with floristry?
It all began very serendipitously. I was studying jazz music in New York City while working in a restaurant in Tribeca. The restaurant kept having issues with their florist, and one day I said to the manager, “I think I could do better than that...” as you do... and she invited me to have a go. I started going to the Manhattan flower district in the middle of the night and started arranging flowers for the club every week. People were impressed and would ask who had created the arrangements. That was the beginning of my career!
You’ve worked with International Towers for a few years now. What have been your inspirations for the installations you’ve created for the Tower Two and Tower Three community?
My inspirations always come from what I see in nature. Working with International Towers has been such an incredible journey as sustainability is always our first priority (and how it should be for everything we do in life). That is where the project begins, and all the elements I source have to fit within this framework. It means we try and only source locally, and source plants and flowers that are sustainably grown. We also try and use plants that can be dried and reused for future installations. As the plants age, they take on completely new forms and colours, so they continue to live on.
Tell us about the community of growers you work with. What are the most important aspects of your relationships with growers?
After 15 years of going to the flower markets and dealing with growers from all around Australia directly, they do become part of your “flower family”. I see most of these people at least three times per week and could be in touch with them over the phone five times a week. I see more of them than my close friends. The respect, appreciation and understanding of what they do is the most important part of our relationship. Florists would never be able to achievewhat we do if it wasn’t for the community of skilled and dedicated growers that supplies us with the beautiful, seasonal flowers that bring joy to so many people.
How can you be sensitive to sustainability, without compromising your creative vision?
That is the challenge, and thatis the beauty of the end result itself. To be sustainable takes a lot more work. We are saving and reusing every single, possible material that we can and that means taking it all apart, storing it, protecting it and starting again. You just have to say “no” as much as possible to anything that isn’t sustainable and see what you are left to play with.
The art is in making something new with things you’ve used in the past. Many of the plants we use are just as beautiful when they are dry as when we first picked them, especially many Australian natives.
How do you feel the community benefits from experiencing a floral installation?
It’s a simple thing, I genuinely believe flowers and plants make people feel good. Having floral installations of this scale allows people to possibly experience some varieties of plants and flowers for the very first time in their lives. Some of the plants we source grow naturally in the outback, so many people who live in the city may have never come close to some Australian natives. The fact that people in the community can take a minute or so out of their busy day to just pause and enjoy a presentation of nature and the things that grow on the land, I believe, can have a very positive and powerful impact on how they feel for the rest of the day.
An appreciation of flowers and nature is something everyone has in common, regardless of our age, culture or lifestyle. These installations are more than just about celebrating an event such as Christmas – they start conversations, and they give the entire community something to enjoy and appreciate equally.
We believe people with passion, with vision, with
game-changing ideas can make anything happen given the right environment