Oaknorth Bank Sustainability Profile
OakNorth Bank, officially known as OakNorth Bank Limited, is a prominent player in the UK banking sector, headquartered in London, GB. Founded in 2015, the bank has quickly established itself as a leader in providing tailored financial solutions to small and medium-sized enterprises (SMEs). Specialising in commercial lending, OakNorth Bank offers unique products such as bespoke loans and innovative financial services designed to meet the specific needs of its clients. The bank's commitment to leveraging technology for efficient lending processes sets it apart in a competitive market. With a strong focus on growth and customer satisfaction, OakNorth Bank has achieved significant milestones, including rapid loan book expansion and recognition for its contributions to the SME sector. Its strategic approach and market position underscore its role as a vital financial partner for businesses across the UK.
DitchCarbon Score
How does Oaknorth Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Oaknorth Bank's score of 44 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Oaknorth Bank's reported carbon emissions
In 2023, Oaknorth Bank reported total carbon emissions of approximately 115.3 million kg CO2e. This figure includes Scope 2 emissions of about 28,000 kg CO2e and significant Scope 3 emissions amounting to approximately 115.3 million kg CO2e, which encompasses various categories such as purchased goods and services (about 5.0 million kg CO2e) and business travel (approximately 659,000 kg CO2e). The bank has set ambitious climate commitments, targeting net zero emissions across its UK supply chain by 2028. This includes all Scope 1, 2, and 3 emissions, particularly focusing on purchased goods and services. Additionally, Oaknorth aims for a 60% reduction in financed emissions by 2030, using 2022 as the baseline year. Notably, Oaknorth Bank has already achieved net carbon zero status for its Scope 1 and Scope 2 emissions, a milestone reached in 2019 through offsetting initiatives. This commitment reflects the bank's proactive approach to climate action and sustainability within the financial sector. The emissions data is cascaded from its parent organization, OakNorth Bank Plc, ensuring a comprehensive understanding of its environmental impact and commitments.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | - | - | - |
| Scope 2 | 46,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 98,000 | 00,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Oaknorth Bank's Industry?
How Carbon Intensive is Oaknorth Bank's Location?
Oaknorth Bank's Scope 3 Categories Breakdown
Oaknorth Bank's Scope 3 emissions, which increased by 14% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Purchased Goods and Services" being the largest emissions source at 4% of Scope 3 emissions.
Top Scope 3 Categories
Oaknorth Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Oaknorth Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Revolut
N26 Bank AG
LendingClub Corporation
Starling Bank
Let us know if this data was useful to you
Usage Policy
You're welcome to quote or reference data from this page, but please include a visible link back to this URL.
Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.