Environmental, Social and Governance (ESG) Considerations
Our Approach to Environmental, Social and Governance (ESG) Considerations
As the UK’s first bank solely dedicated to the agriculture sector, Oxbury is uniquely positioned to help build a more sustainable future for British agriculture, the environment, and the rural communities in which we operate and serve.
We take responsibility for our actions and are committed to the provision of products and services that have meaningful impact and deliver long-term sustainability.
To achieve the tangible and rapid impact required, we recognise the need to collaborate with our customers, suppliers, partners, employees, and wider stakeholders. Our ESG approach focuses on three core commitments:
We live up to the highest environmental standards
Oxbury is the first UK bank to be net carbon-neutral from inception. We aim to combat climate change by providing products designed to support the agricultural sector with the transition to the low-carbon economy and the NFU’s ambition of reaching net zero greenhouse gas (GHG) emissions across the whole of agriculture by 2040.
Having offset our Scope 1 and Scope 2 emissions and the emissions profile of our staff, we have started to address both our upstream Scope 3 and downstream Scope 3 emissions that result from our customer facing activity.
We are conscious of our social impacts
We recognise that our impact, influence, and responsibilities extend to the rural communities in which we operate. We champion and support the financial health and economic development of the rural economy and provide investment in initiatives that matter most to our customers.
We are committed to exceptional governance standards
We will responsibly deliver our products by always treating our customers fairly and strictly adhering to the legislative requirements defined by our regulators and will take a rigorous approach to the governance of these processes.
Our detailed ESG report will be published in 2021.