City of London Corporation, often referred to simply as the City of London, is a unique local authority located in the heart of London, England. Established in the year 1067, it has evolved into a pivotal institution within the financial services industry, overseeing the Square Mile and its diverse economic activities. The Corporation plays a crucial role in governance, economic development, and the promotion of the City as a global financial hub. With a focus on services such as planning, education, and public safety, the City of London Corporation is dedicated to maintaining the area’s rich heritage while fostering innovation. Its commitment to sustainability and community engagement has positioned it as a leader in urban management. Notable achievements include its proactive approach to financial regulation and support for local businesses, reinforcing its status as a cornerstone of the UK’s economy.
How does City Of London's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Other Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
City Of London's score of 29 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, the City of London reported total carbon emissions of approximately 101,532,000 kg CO2e. This figure reflects a continued decline from previous years, with emissions decreasing from about 108,055,000 kg CO2e in 2022 and 113,845,000 kg CO2e in 2021. The emissions breakdown for 2023 includes about 642,000 kg CO2e from Scope 1 sources, which encompass mobile combustion, and approximately 1,352,000 kg CO2e from fugitive emissions. Scope 2 emissions, primarily from purchased electricity and steam, accounted for about 14,829,000 kg CO2e. The City of London has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets have not been detailed in the available data. The trend of decreasing emissions over the past few years indicates a proactive approach to climate action. The City continues to engage in various initiatives aimed at sustainability and reducing greenhouse gas emissions, aligning with broader climate goals. Overall, the City of London is making strides towards a more sustainable future, with a focus on reducing both Scope 1 and Scope 2 emissions as part of its climate commitments.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2019 | 2021 | 2022 | 2023 | |
---|---|---|---|---|
Scope 1 | 1,456,000 | 000,000 | 0,000,000 | 0,000,000 |
Scope 2 | 26,079,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 3 | - | - | - | - |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
City Of London is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.