City Of London
City of London Corporation, often referred to simply as the City of London, is a pivotal institution headquartered in Great Britain. Established in the 12th century, it has evolved into a key player in the financial services industry, overseeing the Square Mile, which is renowned as a global financial hub. The Corporation's primary focus areas include governance, economic development, and the promotion of the City as a leading business destination. Its unique blend of historical significance and modern innovation sets it apart, offering services that range from regulatory oversight to community engagement initiatives. With a rich heritage and a commitment to fostering a thriving business environment, the City of London Corporation continues to maintain a strong market position, contributing significantly to the UK economy and attracting international investment.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
City Of London's score of 33 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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City Of London's reported carbon emissions
In 2023, the City of London reported total carbon emissions of approximately 101,532,000 kg CO2e. This figure includes Scope 1 emissions of about 1,876,000 kg CO2e, which comprises mobile combustion (642,000 kg CO2e) and fugitive emissions (1,352,000 kg CO2e). Additionally, Scope 2 emissions from purchased electricity and steam accounted for approximately 14,000,000 kg CO2e. Comparatively, emissions in 2022 were about 108,055,000 kg CO2e, indicating a reduction of approximately 6,523,000 kg CO2e year-on-year. In 2021, emissions were recorded at approximately 113,845,000 kg CO2e, while in 2019, they peaked at about 132,380,000 kg CO2e. This trend reflects a commitment to reducing carbon emissions over recent years. Despite these reductions, the City of London has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The focus remains on improving energy efficiency and reducing emissions intensity, with an emissions intensity of approximately 0.0275 kg CO2e/m² reported in 2023. Overall, the City of London is actively working towards lowering its carbon footprint, although further details on specific reduction commitments are currently unavailable.
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| 2019 | 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 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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 not participating in any of the initiatives that 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.
