The Mayor of London’s Business Climate Challenge

The Mayor of London, Sadiq Khan, is piloting an ambitious new challenge for businesses to play their part in tackling the climate emergency. The Mayor’s Business Climate Challenge will call on London businesses to reduce their carbon footprint by cutting their building energy usage. It will initially focus on businesses in the Better Bankside Business Improvement District but if successful, will be scaled up across London. The programme will provide free support to help make buildings more energy efficient and will support businesses on their pathway to zero carbon.  

Business Climate Challenge been developed with support from Bloomberg Associates, and builds on learnings from other global cities. The Mayor has partnered with the Better Bankside Business Improvement District (BID), to work at the local level in Southwark to launch the Business Climate Challenge x Bankside. Businesses that sign up will agree to reduce their building’s energy consumption by 10 per cent within the first year. Following on from the technical support received in the first few months of the programme, they will then be encouraged to review and consider increasing that target.

Up to 20 Better Bankside businesses will receive tailored technical advice from Turner and Townsend, who will support them to decarbonise their buildings and reduce their energy consumption. This will help improve their buildings’ environmental performance and value, whilst also making them more pleasant places to work. Participating businesses will also contribute to the Mayor’s aims to make London a zero carbon city by 2030.

The programme will  be open to SMEs in the Better Bankside BID who are willing and able to commit to 10 per cent energy reductions in the first year, and an ongoing journey towards a net zero building. Insights will be sought from this pilot as to how it can be scaled up to support more London businesses.

Emissions from heating and powering London’s commercial and industrial buildings currently make up 36 per cent of the Capital’s carbon footprint. Retrofitting buildings and improving overall energy efficiency performance of London’s workplaces will play an important role in reducing London’s emissions and provide a significant opportunity for green jobs in the Capital.

The Mayor is committed to a green recovery from the coronavirus crisis and is working to give Londoners the tools and resources needed to meet our net-zero targets and to recover as a cleaner and greener London. This programme will work to future-proof London’s assets and support London businesses by reducing operational costs.

Find out more at:

Business Climate Challenge x Bankside: https://betterbankside.co.uk/news/business-climate-challenge-x-bankside/

For more information on requirements and eligibility: https://betterbankside.co.uk/wp-content/uploads/2021/02/FAQs-Business-Climate-Challenge-x-Bankside.pdf

Introductory Briefing Session: https://betterbankside.co.uk/events/25-february-sign-up-to-the-business-climate-challenge-x-bankside/

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