In 2023, BOK Financial disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
BOK Financial disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
| Metric (GJ) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Energy Consumption | 86,574a | 88,684a | 86,068a | |
Non-Renewable Energy Consumption | 58,005a | 61,192a | 58,526a | |
Renewable Energy Consumption | 28,569a | 27,492a | 27,542a |
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In 2023, BOK Financial consumed a total of 86,574.03 Gigajoules of energy across its operations. Of this total, 33% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 67% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.a
In 2023, BOK Financial consumed a total of 86,574.03 Gigajoules of energy, of which 33% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.a
This moderate level of renewable energy adoption indicates that BOK Financial is transitioning toward cleaner energy sources, though a significant share of its energy mix still relies on non-renewable inputs.
Since 2021, BOK Financial's total energy consumption remained relatively stable, but fell by 2.38% in 2023, possibly indicating early signs of energy efficiency improvements.a
Over the same period, the share of renewable energy in BOK Financial's consumption increased by 3.13%, including a 6.45% increase in 2023, showing consistent progress in clean energy adoption.a
Overall, BOK Financial’s energy trends reveal a complex picture, with variations in total consumption and renewable sourcing. A closer examination of operational drivers and sourcing strategies is needed to fully assess the company’s environmental impact.