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At a time of great uncertainty and change, with rising costs of living, the growing threat of climate change and persistent inequality, it is more important than ever for different sectors to seize the opportunities that these challenges present.

For the City to continue to be a global hub of successful and sustainable business, we must be ambitious about our role in society and continue to grow and demonstrate the City’s positive impact. We believe that challenging and supporting the financial and professional services sector to put responsible business practices at the heart of their businesses, will support the sector to meet changing expectations and thrive.

We know that this step change can’t be achieved alone. That’s why we’re working collaboratively with the sector and a wide range of partners to inspire, develop and promote action on responsible business.

We’re doing this through

Responsible Business Strategy – Towards A Sustainable Future (547KB) Our new strategy sets out our commitment to creating positive impact and reducing negative impact across our activities and decisions, because it is the right thing to do and will help ensure a sustainable future. We want to create a future where individuals and communities flourish and the planet is healthier.

The Business of Trust: An initiative which was championed by the previous Lord Mayor, Alderman Charles Bowman during his 2017-18 mayoral year. This has sought to improve the trustworthiness of the UK financial and professional services sector to create a lasting legacy of better business trusted by society. Highlights of what the programme has achieved can be found in our Impact Report (2017-18) (900KB).

Lord Mayor’s Dragon Awards: London’s most prestigious annual responsible business awards. We recognise and celebrate the businesses that are achieving excellence in social impact, and inspire others by sharing best practice.

Heart of the City: A membership hub to support London businesses with accessible and practical knowledge, tools and networks to jump start their responsible business approach and measurably improve society.

Green Finance Initiative: Our partnership to provoke public and market leadership on green finance; advocating for specific regulatory and policy proposals that might enhance the green finance sector globally; and promoting London and the UK as a leading global centre for the provision of green financial and professional services.

Business Healthy: Our initiative to support Square Mile employers to improve the health and wellbeing of their workforce and make the City a healthy, happy and productive place to work. Join us for free support, signposting and best practice.

City Bridge Trust: The grant-making arm of the Bridge House Estates whose sole trustee is the City Corporation, the Trust aims to reduce inequality in London through grant-making, social investment and encouraging philanthropy.

UK Stewardship Code – Statement of Commitment (36KB) – Our statement of commitment outlines our approach to responsible investment and stewardship which follows the seven principles of the UK Stewardship Code.

City of London Corporation Responsible Investment Policy (43KB) – This policy sets out our approach to Responsible Investment and details the actions the we, and our external providers, take on our and other stakeholders behalf, to protect the organisation and its assets from environmental, social and corporate governance issues and reputational risks.

The City of London Financing Framework (783KB) provides a Green and Sustainable financing framework for the City Corporation’s City’s Cash fund. It describes how the City Corporation targets five environmental objectives and the related eligible project categories highlighted by the ICMA’s Green Bond Principles (namely climate change mitigation, climate change adaptation, natural resource conservation, biodiversity conservation, and pollution prevention and control) and establishes a framework under which City’s Cash will select project categories that may be eligible for financing. An independent assessment of the framework (213KB) ensuring consistency with ICMA’s Green Bond Principles is also provided.

Social Mobility Strategy, 2018-28: Potential today, success tomorrow (6MB). Through this 10-year strategy, we will promote and implement activities that facilitate better social mobility with our resident and worker populations, businesses in the City, the charities and good causes we support through our charitable funding, learners across our family of schools and through the other stakeholder groups we work with regularly including government and policy.