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 44 is higher than 68% 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 breakdown of Scope 3 emissions reveals that investments accounted for about 203,499,000 kg CO2e, while downstream leased assets contributed approximately 101,532,000 kg CO2e. Comparatively, in 2022, total emissions were higher at about 514,541,000 kg CO2e, with Scope 1 and 2 emissions at approximately 25,000,000 kg CO2e combined. This indicates a reduction in total emissions from 2022 to 2023, reflecting the City’s ongoing commitment to climate action. The City of London has not specified any formal reduction targets or commitments through initiatives such as the Science Based Targets initiative (SBTi). However, it continues to engage in various climate initiatives aimed at reducing its carbon footprint, as evidenced by its emissions intensity metrics, which show a decrease in emissions per square metre over the years. Overall, the City of London is actively working towards improving its sustainability practices, although specific reduction targets have not been disclosed.
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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 |
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.
