Oaknorth delays net zero goal as US expansion fuels lending boom

Oaknorth delays net zero goal as US expansion fuels lending boom

UK fintech Oaknorth has slapped a ten year delay on its ambition to be a net zero bank as the firm’s expansion across the Atlantic picked up pace. The small business lender said it expects to meet net zero commitments by 2045, as opposed to previous guidance of 2035 set four years ago. Oaknorth said since 2022 it had “expanded into new geographies, introduced business banking, and adapted to shifting regulatory expectations and political priorit…