Our climate action progress
The City of London Corporation is committed to transparently reporting progress towards our net zero targets and climate resilience as part of the Climate Action Strategy.
Stay up to date on our latest progress through our Climate Action Performance Dashboard.
Read our latest 2024 progress report highlighting achievements and lessons learned during the third year of the Strategy. Our previous progress reports can be found at the bottom of this page.
What will you find in the 2024 climate action progress report?
This report sets out our performance between April 2023 and March 2024 on our journey towards 2027 and 2040 net zero and climate resilience targets.
The report outlines progress to date in:
- Reduction: the City Corporation cut net carbon emissions in our own operations by 65% since the 2018/19 baseline, and achieved a 23% reduction in net carbon emissions across our entire value chain (including investments and supply chain).
- Resilience: a series of projects and programmes are underway, tackling climate risks such as extreme heat or flooding. They have been designed to help protect our buildings, streets and open spaces now and in the future.
- Engagement: the City Corporation has been increasing and strengthening engagement with our value chain and partners across the Square Mile to accelerate emissions reductions and achieve net zero by 2040.
How do we measure progress?
Data is fundamental to measuring progress. To monitor and measure our net zero progress, we carry out a carbon footprint assessment of all the City Corporation's emissions (Scopes 1, 2 and 3).
Since 2021, this data gets verified annually by Achilles against the international standard for greenhouse gas measurement and reporting, ISO 14064-1: 2018. The City Corporation is one of the first local authorities to have achieved assurance over its full value chain emissions, including its financial investments, demonstrating robust progress reporting against our net zero targets.
We have identified a range of key performance indicators (KPIs) which cover our own operations, our value chain (what we buy, sell, invest and lease to others), the Square Mile, and our climate resilience initiatives. The key to determining our progress is by setting a baseline and tracking those indicators regularly and consistently.
What will you find on the dashboard?
The Climate Action Dashboard provides transparency on our progress and actions since the adoption of the Strategy in October 2020.
The dashboard outlines progress to date through:
- Key performance indicators: over 60 key performance indicators (KPIs) we are tracking, from energy consumption to the number of fund managers with science-based targets.
- Key projects: 13 projects, which fall under the Strategy’s four targets, such as sustainable building design standards and decarbonising our financial investments. To learn about our projects, visit Climate action projects.
- Overall emissions reductions: our annual emissions reductions towards our net zero 2027 and 2040 targets.
If you use a smartphone, we recommend you use a horizontal view.
We have worked hard to make the Dashboard accessible but if you experience any issues, contact the Climate Action Team and we will provide you with the information in a different format.
We encourage everyone in the Square Mile and beyond to help us deliver our Climate Action Strategy. Please contact the Climate Action Team if you have any comments.
In November 2023, the City of London was recognised by environmental non-profit organisation, Carbon Disclosure Project (CDP), as one of 119 cities across the globe that is taking bold leadership on environmental action and transparency, making it to their A list.
Over 939 cities received a rating for their climate action from CDP in 2023 with only 13% of such cities receiving an A. To score an A, a city must disclose publicly through CDP, have a city-wide emissions inventory and have published a climate action plan. It must also complete a climate risk and vulnerability assessment and have a climate adaptation goal to demonstrate how it will tackle climate hazards.