Oaknorth Bank

Oaknorth Bank, a UK-based financial intermediation services provider, reported no specific emissions data for 2023. However, the bank provides an operational Scope 1, 2, and 3 intensity metric of 12,480 kg CO2e per employee for 2023.

In 2022, Oaknorth Bank's total greenhouse gas emissions were approximately 117.1 million kg CO2e. This included Scope 1 emissions of 846,000 kg CO2e, Scope 2 emissions of 230,000 kg CO2e, and Scope 3 emissions of about 116.1 million kg CO2e. Key categories for Scope 3 emissions included investments (approximately 94.5 million kg CO2e), purchased goods and services (4.8 million kg CO2e), and employee commuting (1.9 million kg CO2e). The bank also reported an operational Scope 1, 2, and 3 intensity of 14,590 kg CO2e per employee in 2022.

Oaknorth Bank has committed to significant climate action. The bank aims for a 60% reduction in financed emissions by 2030, using a 2022 baseline. Furthermore, Oaknorth Bank is targeting net-zero for all Scope 1, 2, and 3 emissions from its UK supply chain, including purchased goods and services, by 2028. The bank announced in 2019 that it became net carbon zero for its Scope 1 and Scope 2 emissions through offsetting. This information is cascaded from OakNorth Bank Plc.