Climate Change Data

Oxbury Bank Plc

Climate Impact & Sustainability Data (2020)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:2300 tCO2e (offset)

ESG Focus Areas

  • Governance
  • Environment
  • Social

Environmental Achievements

  • Offset 2,300 tCO2e via Forest Carbon, planting 9,000 trees in two new woodlands (4ha) supporting biodiversity and sustainable forestry.

Social Achievements

  • Built a diverse team with balanced gender split and broad age profile.
  • Strategic partnership with Harper Adams University, welcoming 5 graduates and 1 placement student.
  • Provided sector-specific training for staff with IAgSa, RABI, and Farm Safety Foundation.
  • 100% completion rate (80% pass rate required) on mandatory training for money laundering, financial crime, human trafficking, data breaches, and bribery and corruption.

Governance Achievements

  • Established a clear and robust set of policies to manage Board and Executive responsibilities.
  • Included Environmental and Climate Risk as a principal risk for the bank to manage.
  • Augmented Risk Appetite with ESG Policy and Climate Risk Policy.
  • Welcomed a fourth independent non-executive director, Richard Percy.

Climate Goals & Targets

Long-term Goals:
  • Become a formal signatory of the PRB.
Medium-term Goals:
  • Reach a longer-term goal of a fully independent Board within the next 5 years.
Short-term Goals:
  • Develop a suite of metrics to provide quantitative measurement of progress across all ESG matters.
  • Link ESG metrics to Board and Executive level remuneration.

Environmental Challenges

  • Managing climate risk and adapting to a carbon-neutral economy.
  • Supporting customers in meeting their carbon-neutral objectives.
Mitigation Strategies
  • Actively minimizing carbon footprint and offsetting any remaining footprint.
  • Engaging with the National Farmers Union to align with their “net zero” target by 2040.
  • Incorporating environmental considerations in credit lending and underwriting policy.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Transition to a carbon-neutral economy
Opportunities
  • Financing the transition to a low-carbon economy

Reporting Standards

Frameworks Used: TCFD, GRI, SASB, PRB

Sustainable Products & Innovation

  • Oxbury Forest Saver savings product