The City of London Corporation has adopted a radical Climate Action Strategy which breaks new ground and sets out how the organisation will achieve net zero, build climate resilience and champion sustainable growth, both in the UK and globally, over the next two decades.
By adopting the strategy, the City Corporation has committed to:
- Achieve net zero carbon emissions from our own operations by 2027
- Achieve net zero carbon emissions across our investments and supply chain by 2040
- Support the achievement of net zero for the Square Mile by 2040
- Invest £68m over the next six years to support these goals of which £15m is dedicated to preparing the Square Mile for extreme weather events
This follows an extensive study of our activities and assets and puts a plan in place to address emissions from our financial and property investments and full supply chain.
For full details, visit Climate Action Strategy page of the City of London Corporation website.
A recording of the Climate Action Strategy Seminar from 26th January 2021 can be watched here.