City Of London Sustainability Profile
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 47 is higher than 69% 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 431,736,000 kg CO2e. This figure includes Scope 1 emissions of about 7,738,000 kg CO2e, Scope 2 emissions of approximately 15,338,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 408,660,000 kg CO2e. The Scope 3 emissions breakdown reveals major sources, including investments (203,499,000 kg CO2e), downstream leased assets (101,532,000 kg CO2e), and purchased goods and services (66,675,000 kg CO2e). Comparatively, in 2022, the City of London’s total emissions were about 514,541,000 kg CO2e, indicating a reduction of approximately 82,805,000 kg CO2e from the previous year. The emissions for 2021 were around 476,306,000 kg CO2e, showing a consistent trend of reduction over the years. Despite these reductions, the City of London has not set specific reduction targets or climate pledges as part of its climate commitments. The emissions data is not cascaded from any parent organization, and all figures are reported directly by the City of London Corporation Limited. The City continues to monitor and report its emissions, aiming for ongoing improvements in its environmental impact.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 9,367,000 | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 27,087,000 | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 483,864,000 | - | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is City Of London's Industry?
How Carbon Intensive is City Of London's Location?
City Of London's Scope 3 Categories Breakdown
City Of London's Scope 3 emissions, which decreased by 16% last year and decreased by approximately 16% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 50% of Scope 3 emissions.
Top Scope 3 Categories
City Of London's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
City Of London has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
