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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?

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 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
CC_participants
Associated Bank | Bank of America | BMO | Cadence Bank | Capital One | CIBC | City National Bank - An RBC Company | City National Bank | Comerica Bank | Fifth Third Bank | FNBO | Frost Bank | The Huntington National Bank | JPMorgan Chase | KeyBank | Northern Trust | Pacific Western Bank | OakNorth Bank | Old National | PNC Bank | Regions Bank | SMBC | SouthState Bank | Synovus Bank | TD Bank | Truist Bank | Valley National Bank | Webster Bank | Wells Fargo Bank

"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

Our Climate Advisors

The ON Climate Consortium is supported by industry leaders and former regulators from the OCC, Federal Reserve, and the FDIC.
Lord Turner Lord Turner Chair of Energy Transitions Commission
Lance Uggla LANCE UGGLA​ Chairman & CEO of IHS Markit
Jeremiah Norton JEREMIAH NORTON​ Former Deputy Assistant Secretary at the US Treasury
Jing Zhang JING ZHANG​ Climate Advisor & Managing Principal at Apricus Climate Ventures
Bruce Richards BRUCE RICHARDS Former Head of Supervision for Complex Financial Institutions at Federal Reserve Bank of NY
Mark Levonian MARK LEVONIAN Former Senior Deputy Comptroller for Economics at the OCC
Learn more

Interested in joining the ON Climate Consortium?

To inquire about participating in a future ON Climate Consortium submit your contact details here.