Oaknorth Bank
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 33 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Oaknorth Bank's reported carbon emissions
In 2023, Oaknorth Bank reported total carbon emissions of approximately 115,288,000 kg CO2e, with Scope 2 emissions at about 28,000 kg CO2e and Scope 3 emissions constituting the majority at approximately 115,260,000 kg CO2e. This marked a significant increase from 2022, where total emissions were about 106,361,000 kg CO2e. Over the years, Oaknorth Bank has shown a trend of fluctuating emissions. In 2022, total emissions were approximately 106,361,000 kg CO2e, with Scope 2 emissions at about 28,000 kg CO2e and Scope 3 emissions at around 101,024,000 kg CO2e. In 2021, emissions were lower at about 248,000 kg CO2e, with Scope 2 at approximately 32,000 kg CO2e and Scope 3 at about 216,000 kg CO2e. The bank's emissions in 2020 were approximately 295,000 kg CO2e, and in 2019, they were about 315,000 kg CO2e. Despite these figures, Oaknorth Bank has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction targets suggests a need for further commitment to climate action within the banking sector. The bank's emissions intensity per employee has varied, with figures indicating approximately 12,480 kg CO2e per employee in 2023, down from about 14,590 kg CO2e in 2022. Overall, while Oaknorth Bank has made strides in tracking its emissions, the lack of defined reduction targets highlights an area for potential improvement in their climate commitments.
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Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - |
| Scope 2 | 46,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 171,000 | 000,000 | 000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Oaknorth Bank is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
