City of London Corporation cuts carbon emissions by two-thirds
The City of London Corporation has cut net carbon emissions from its operations by two-thirds from a 2018 baseline.
The corporation has also cut emissions across its value chain, including investments and supply chain, by 23%, according to its third annual Climate Action Strategy progress report, which tracked the performance between April 2023 and March 2024.
Upgrades to lighting, heating and ventilation systems across buildings including the Barbican Centre Concert Hall and Guildhall Art Gallery (pictured) are forecast to make energy savings of over 1.5m kWh per year.
The City of London Corporation has cut net carbon emissions from its operations by two-thirds from a 2018 baseline.
The corporation has also cut emissions across its value chain, including investments and supply chain, by 23%, according to its third annual Climate Action Strategy progress report, which tracked the performance between April 2023 and March 2024.
Upgrades to lighting, heating and ventilation systems across buildings including the Barbican Centre Concert Hall and Guildhall Art Gallery (pictured) are forecast to make energy savings of over 1.5m kWh per year.
The Climate Action Strategy was launched in 2020 and commits the organisation to achieving net zero carbon emissions in its own operations by 2027 and its full value chain by 2040, as well as supporting the whole Square Mile to reach net zero by 2040.
Chris Hayward, policy chairman at the City of London Corporation, said: “Reaching net zero quickly is the best way to offset the worst of the climate crisis. It also presents us with a generational opportunity: for jobs, investment, economic growth and for our planet. As a global financial hub, the City of London has a unique responsibility to drive meaningful climate action. And, despite being faced with so many challenges, both on a national and international scale, we are continuing to make progress.”
Over half of the City corporation’s electricity is sourced from a solar farm in Dorset, powering landmarks such as Tower Bridge and the Barbican Centre, and saving the organisation over £3m per year in energy costs. The corporation’s 11,000 acres of green space across London and the South East, including Epping Forest and Hampstead Heath, remove an estimated 16,230 tonnes of carbon from the atmosphere a year.
Image © High Level/Shutterstock
