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OakNorth Bank, headquartered in Great Britain, is a prominent player in the financial intermediation services sector, specifically focusing on lending solutions for small and medium-sized enterprises (SMEs). Founded in 2015, the bank has quickly established itself as a leader in providing innovative financing options, utilising advanced technology to streamline the lending process.
With a commitment to supporting the growth of UK businesses, OakNorth Bank offers unique products such as tailored loans and flexible repayment terms, distinguishing itself from traditional banks. The bank's data-driven approach enables it to assess creditworthiness more effectively, ensuring that SMEs receive the funding they need to thrive. Recognised for its rapid growth and customer-centric services, OakNorth Bank continues to make significant strides in the financial landscape, reinforcing its position as a trusted partner for businesses across the nation.
33
DitchCarbon score
-4 vs industry average
Oaknorth Bank’s score of 33 is lower than 48% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Low
Financial Intermediation has below-average carbon intensity
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2025
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Oaknorth Bank's reported carbon emissions
Oaknorth Bank, a UK-based financial services provider, reported no specific absolute emissions data for 2023. However, in 2022, Oaknorth Bank Plc reported total emissions of approximately 117.1 million kg CO2e. This included 846,000 kg CO2e from Scope 1, 230,000 kg CO2e from Scope 2, and about 116.1 million kg CO2e from Scope 3 emissions. A significant portion of their Scope 3 emissions came from investments, amounting to 94.5 million kg CO2e.
Oaknorth Bank has committed to several climate initiatives. They aim for a 60% reduction in financed emissions by 2030, using a 2022 baseline. Furthermore, the bank is targeting a net-zero supply chain by 2028, specifically for all Scope 1, 2, and 3 emissions within their UK supply chain, including purchased goods and services. Since 2019, Oaknorth Bank has been net carbon zero for their Scope 1 and Scope 2 emissions, achieved through offsetting.
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Oaknorth Bank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
10 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Oaknorth Bank19 days ago
33
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