Oaknorth Bank

Oaknorth Bank's reported carbon emissions

In 2022, Oaknorth Bank reported total carbon emissions of approximately 106,361,000 kg CO2e, comprising 846,000 kg CO2e from Scope 1, 230,000 kg CO2e from Scope 2, and 105,285,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions included significant contributions from investments (approximately 94,499,000 kg CO2e) and other categories such as business travel and employee commute. Oaknorth Bank has made notable climate commitments, including a target to achieve a 60% reduction in financed emissions by 2030, using 2022 as the baseline. Additionally, the bank aims for net zero across its entire UK supply chain, including all Scope 1, 2, and 3 emissions, by 2028. In 2019, Oaknorth Bank became one of the first banks globally to achieve net carbon zero status by offsetting its Scope 1 and Scope 2 emissions. The emissions data for 2023 is currently unavailable, but the bank continues to focus on its climate initiatives and reduction targets. The emissions data is cascaded from its parent organization, OakNorth Bank Plc, reflecting the bank's commitment to sustainability and climate action.