ON Climate Consortium

What is the ON Climate Consortium?

OakNorth aggregates near real-time data from multiple sources to create an unprecedented view of your loan book. By overlaying a suite of proprietary, subsector-specific stress scenarios, OakNorth enables you to quickly understand the overall health of your borrowers. Drill down to the individual loan level to hone in on potential problem areas and take corrective action before they become detrimental to your portfolio.

The ON Climate Consortium is a group of innovative, climate-forward financial institutions driving commercial lending’s approach to climate risk and opportunity.

What does the consortium aim to achieve?

The ON Climate Consortium brings together innovation leaders and change makers to share learnings, ideas, and best practices:

Discuss the risk and opportunity climate risk will have on commercial lending
Identify how we can collectively lead the industry's approach to climate risk
Share ideas and approaches and learn from peers

"Banks with strong climate risk management systems and capabilities will not only be better prepared to withstand climate change events but will also have a better line of sight into the many business opportunities that will arise."

Michael Hsu
Acting Comptroller of the Currency