Oaknorth Bank

Oaknorth Bank, a UK-based financial services company, reported no specific carbon emissions data for 2023. However, in 2022, their total emissions were approximately 106.4 million kg CO2e. This included Scope 1 emissions of about 846,000 kg CO2e, Scope 2 emissions of around 230,000 kg CO2e, and Scope 3 emissions of approximately 105.3 million kg CO2e. Key categories within Scope 3 included financed emissions (about 94.5 million kg CO2e), business travel (approximately 1.6 million kg CO2e), and purchased goods and services (around 4.8 million kg CO2e).

Oaknorth Bank has set several climate commitments. They aim for a 60% reduction in financed emissions by 2030, using a 2022 baseline. Furthermore, they are targeting net-zero for all Scope 1, 2, and 3 emissions within their UK supply chain, including purchased goods and services, by 2028. In 2019, the bank announced it had become net carbon zero for its Scope 1 and Scope 2 emissions by offsetting. The emissions data for Oaknorth Bank is inherited from its parent company, OakNorth Bank Plc.