• Doubling Down on Emissions: Oxbury’s emissions and financed emissions surged in 2023, underscoring its aggressive sustainability efforts.
• Transition Finance Growth: Transition finance in Oxbury’s loan book increased to 28% in 2023, up from 22% in 2022.
• Nature Restoration Efforts: Since 2019, Oxbury has restored 15 hectares of ecosystems and planted 26,000 trees, storing over 6,000 tons of carbon.

Oxbury, Britain’s only fintech solely dedicated to farming, continues to lead the charge in sustainability with the release of its second annual Natural Capital Report. Launched in 2021, Oxbury’s mission is to finance food production and farming, supporting the sector’s transition to a productive and sustainable rural economy. The bank’s unique blend of expertise in finance, agriculture, and technology has quickly made it a key player in the UK’s £21 billion agriculture finance market.

As the UK’s only bank 100% focused on British farming, Oxbury integrates sustainability into its core operations, aiding farm businesses in transitioning to a low-emissions, nature-positive economy. The bank’s inaugural Natural Capital Report in 2022 marked it as an early adopter of the Taskforce on Nature-related Financial Disclosures (TNFD) framework.

“From the very first day we started thinking about Oxbury, we’ve built sustainability and helping farmers in their transition to a low-emissions economy into our DNA – our Natural Capital report is testament to these efforts,“ said Nick Evans, Managing Director of Oxbury.

Key Findings of 2023 Report:

• Oxbury Emissions (tCO2e): Increased to 320.2 from 160.1 in 2022.
• Financed Emissions (tCO2e): Rose to 848,454 from 533,138 in 2022.
• Transition Finance: Now at 28% of the loan book, up from 22% in 2022.
• Nature Restoration & Carbon Storage: Since 2019, Oxbury has restored 15 hectares of ecosystems and planted 26,000 trees, storing over 6,000 tons of carbon.

The report highlights pilot studies with farm business customers to assess natural capital assets, including projects creating comprehensive views of on-farm emissions and carbon storage. This research helps farmers understand the environmental impact of their practices and plan for emissions reductions and increased carbon storage.

Oxbury’s Commitment to Sustainability:

• Carbon Neutrality: Since its inception in 2018, Oxbury has maintained a carbon-neutral status by offsetting all operational emissions.
• Employee Offsets: Oxbury offsets an additional 10 tCO2e annually per employee to cover their personal emissions.

“With the bank’s strong technological abilities – driven by its proprietary Oxbury Earth technology platform – combined with our skills and knowledge in agriculture, land management and the natural environment, Oxbury is taking a leading role in developing the metrics and methodologies to integrate climate and nature considerations into credit models across both the financial and rural economy sectors,“ Evans added.

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Agriculture accounts for around 10% of the UK’s greenhouse gas emissions. Oxbury’s efforts in sustainability reporting and support for farm businesses are crucial as the sector faces significant climate-related risks. The bank’s innovative approaches and firm commitment to sustainability set a benchmark in the UK banking sector.

For more information, visit Oxbury’s Natural Capital Report.