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Businesses in London are being targeted to reduce their carbon footprint and 'go green' under a new campaign from the city's development agency.

The mayor of London Boris Johnson is hoping the programme will help to reduce the city's carbon dioxide emissions by 60 per cent by 2025.

Led by the London Development Agency (LDA), the Green 500 campaign already has 150 members and rewards businesses and organisations who reduce their carbon footprint.

The scheme has an overall target of cutting emissions by 1.5 million tonnes over three years, in a bid to save £2.5 million on companies' energy bills.

Peter Bishop, group director for design, development and environment for the LDA, says the programme will improve the quality of life for all those living in London.

'Members and partners are already saving money and I encourage more of London's companies and its public sector bodies to join these schemes,' he adds.

An increasing number of businesses are already choosing to implement green practices, with 80 per cent having already made changes.

Research from Alliance and Leicester Commercial bank found one in ten firms are making the changes to reduce costs, while almost two-thirds are motivated by their own personal principles.

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