Oaknorth Bank

Oaknorth Bank, a UK-based financial services provider, reported no specific carbon emissions data for 2023. However, in 2022, the bank's total emissions were approximately 106,361,000 kg CO2e. This included 846,000 kg CO2e for Scope 1, 230,000 kg CO2e for Scope 2, and 105,285,000 kg CO2e for Scope 3 emissions. Key contributors to Scope 3 emissions included financed emissions (94,499,000 kg CO2e), business travel (1,622,000 kg CO2e), and purchased goods and services (4,841,000 kg CO2e).

Oaknorth Bank has committed to significant climate actions, including targeting a 60% reduction in financed emissions by 2030, using a 2022 baseline. Furthermore, the bank aims for a net-zero supply chain by 2028, encompassing all Scope 1, 2, and 3 emissions of its UK supply chain, including purchased goods and services. The bank also states that it became net carbon zero for its Scope 1 and Scope 2 emissions in 2019 through offsetting. The emissions data and climate commitments are directly from OakNorth Bank Plc.