City of London

The City of London is the governing body of the square mile with the service and planning obligations that accompany a public authority. The City is unusual in that it is also a major investment property owner in and around the square mile, with combined public and investment assets of over 1,200 buildings. This covers a significant commercial office portfolio as well as many of London’s iconic buildings such as the Barbican Centre, Guildhall, Mansion House and Tower Bridge.  

The City of London has set an ambitious net zero carbon target as part of the climate action programme 

  • Achieving net zero carbon across scope 1 and 2 emissions by 2027 
  • Achieving net carbon across scope 3 emissions in the square mile, supply chain and downstream leased assets by 2040. 

Our present activities in the built environment include: 

  • Integrating energy performance into design standards 
  • Climate risk and resilience 
  • Improved transparency 
  • Carbon sequestration potential 
  • An ambitious energy retrofit programme 
  • The adoption of a renewable energy power purchase agreement that provides 50% of the Corporations power requirements 

For context: 

The City of London’s property portfolio focuses on the following areas: 

  • Maximising the returns from the City's Investment property portfolios which comprise approximately 624 buildings (capital value £2bn) extending to 16m sq ft of space with an annual income of over £100m. 
  • Developing a Strategic Property Holding providing a short-term SME space and long term redevelopment opportunities close to the City. 
  • Achieving efficiencies and maintaining the City's 616 Operational Properties extending to 6.25 million sq ft of space. 
  • Providing advice and services to the wider business and property communities in the Square Mile. 
  • Delivering construction projects (worth about £200m) to both investment and operational portfolios. 
  • Delivering Repairs & Maintenance and Facilities Services to all Corporation property. 
  • Overseeing Health and Safety and energy issues including carbon reduction, for all Corporation properties. 

You can find the City of London’s Climate Action Plans here

“We are looking forward to joining the BBP in order to share our experiences with sustainability in the built environment, as well as tap into the experience of other members. As both property owner and a planning authority we want to provide the right guidance, support and ambition to our community in this area. Joining the BBP is a natural fit, as the activities and aspirations of BBP members complement our own motivations and values.”  James Rooke, Assistant Director, Head of Energy & Sustainability City of London Corporation