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City of London

Direct link to climate strategy (PDF)

… baseline 10 View online at: Adapting to climate change 12 theglobalcity.uk/resources AT THE CITY CORPORATION WE WILL DO THIS THROUGH MAJOR INVESTMENT IN: Improving energy efficiency at our investment and corporate properties Aligning our investment portfolio with the Paris Agreement Enhancing carbon removal in our open spaces Protecting our shared natural resources Driving net zero…

…, economic and environmental outcomes that mean that everyone benefits from the action we take. We still need to prepare for hotter drier summers, warmer wetter winters, stronger winds, more frequent extreme weather events and rising sea levels. HOW WE COMPLEMENT OTHERS’ EFFORTS This strategy has been developed to support the delivery of The Paris Agreement on climate change (2015) and our…

… their biodiversity and resilience value Align our financial investment portfolio with the goals of the Paris Agreement on climate change Embed circular economy principles into our capital projects and reduce carbon intensity by using life cycle carbon and cost assessment techniques and design specifications Accelerate the move to net zero carbon and energy efficient tenanted buildings, working closely…

… principles are due later in 2020 from the SBTi. Science-based / Paris-aligned (Science-Based Target Setting Manual, April 2020) GHG emissions reduction targets are considered “science-based” if they are in line with what the latest climate science says is necessary to meet the goals of the Paris Agreement (2015) - to limit global warming to well- below 2°C above pre-industrial levels and pursue…

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