Our climate action progress
The City of London Corporation is committed to reporting and transparency. That is why we have developed a Climate Action Performance Dashboard where our progress against net zero targets and resilience is publicly available. In addition, you can read about our lessons learned and projects in the first year of the Strategy in our 2022 progress report.
How do we measure progress?
Data is fundamental to measuring progress. We have identified a range of key performance indicators (KPIs) to measure our progress towards our net zero and resilience targets. These indicators are spread across our own operations, value chain (what we buy, sell, invest and lease to others) and the Square Mile. The key to determining our progress is setting a baseline and tracking those indicators regularly and consistently.
In order to measure and monitor our progress we carried out a carbon footprint assessment of all the City Corporation's emissions (Scopes 1, 2 and 3). This data was independently verified by sustainability verification specialist Achilles against the International Standard for greenhouse gas measurement and reporting, ISO 14064-1: 2018. This makes us, the City Corporation, one of the first local jurisdictions to achieve assurance over its full value chain emissions, including its financial investments.
This means we are able to demonstrate robust progress reporting against our net zero targets.
What will you find in the Dashboard?
You will be able to track the progress of each of our twelve projects since the adoption of the Strategy in October 2020. These are divided between our Climate Action Strategy’s four objectives. To learn more about our projects, visit Climate action projects.
The dashboard outlines progress to date in:
- Transparency: the Climate Action Dashboard is a publicly available monitoring tool which tracks 52 key performance indicators (KPIs), from kilometres of pedestrianisation to the number of fund managers with science-based targets.
If you use a smartphone, we recommend you unlock the portrait orientation and position it sideways (horizontally) to get a full-screen image of the Dashboard.
We have worked hard to make the Dashboard accessible for everyone. If you experience any issues, please 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 shape the delivery of our Climate Action Strategy. Please contact the Climate Action Team if you have any comments.
This report marks the first comprehensive public account of our progress. It includes three key areas of success, three challenges and three areas where we have several projects planned as we move into the second year of our strategy.
The report outlines progress to date in:
- Reduction: from financial years 2018/2019 to 2021/2022, the City Corporation has reduced carbon emissions from its own operations by 31% and overall energy consumption by 21%, marking strong progress toward its 2027 target.
- Transparency: the City Corporation is fulfilling its commitment to transparency in reporting through the Climate Action Dashboard.
- Data: the City Corporation is investing in better data systems to manage risks and opportunities and the introduction of Sigma - a system to monitor energy consumption across the City Corporation’s assets.