UK Bank OakNorth Reveals More on Carbon Footprint in Climate Disclosure

OakNorth, a British challenger bank, has revealed more about its carbon footprint to meet climate transparency rules early.

The bank, which lends to small and medium-sized businesses, said it’s targeting a 60% reduction in emissions in its supply chain and loan book, together known as Scope 3 emissions, by 2030. The firm wants to get to net zero emissions by 2035. That goes further than other institutions, according to OakNorth founder and chief executive officer Rishi Khosla.