Old National Bancorp (ONB) — ESG & Values Scores

Environment story

Old National Bancorp discloses minimal direct environmental emissions data and does not publish a formal net-zero target or comprehensive Scope 1, 2, or 3 emissions inventory. The company acknowledges climate-related physical and transition risks to its lending portfolio (particularly real estate and agricultural loans) and mentions governance enhancements for climate risk integration, but provides no quantified decarbonization pathway, renewable energy commitments, or verified third-party climate certifications. The company identifies climate change as a multi-faceted risk (operational, credit, legal, reputational) and notes potential impacts on borrower insurance costs and collateral values, yet does not disclose specific mitigation investments in decarbonization infrastructure. Absence of a disclosed net-zero commitment, Scope 3 tracking, or detailed climate transition plan results in a below-median environmental score.

Criticisms on file

No disclosed net-zero target or climate commitment; absence of Scope 3 supply-chain emissions disclosure despite significant lending exposure to agriculture, real estate, and construction sectors.
Source: ONB 10-K Risk Factors and MD&A; no separate sustainability report cited.
Significant unquantified climate risk to commercial real estate portfolio (45% of loans at Dec 31, 2025); company acknowledges 'limited data and other uncertainties' in assessing climate impact.
Source: ONB 10-K Item 1A Risk Factors - 'Climate-related risks could have a material negative impact on the Company and clients.'

Disclosed initiatives

Climate Risk Governance Integration

Company states it 'continues to make efforts to enhance our governance of climate change-related risks and integrate climate considerations into our risk governance framework.'

Governance enhancement only; no quantified emissions reduction or decarbonization outcome disclosed.
Climate Risk Assessment in Lending

Acknowledges physical and transition risks in client portfolios, particularly for agricultural loans and climate-exposed borrowers.

Risk identification only; no evidence of active lending restrictions or green finance products disclosed.

Social story

Old National discloses limited quantified social metrics. The company reports 4,971 full-time equivalent employees at year-end 2025 (up from 4,066 in 2024) and increased headcount due to Bremer and CapStar acquisitions. CEO-to-worker pay ratio is not explicitly disclosed; noninterest compensation expense (salaries and benefits) increased 24.2% to $749.0 million in 2025, suggesting elevated pay growth. No detailed workforce diversity breakdown (gender, race/ethnicity) is provided in the filing; no mention of diversity committees, supplier diversity programs, or formal DEI policies. No active union representation, major strikes, or NLRB complaints are disclosed. The company cites 'attraction and retention of skilled employees' as a strategic challenge and notes hybrid work flexibility as a competitive tool. Supply-chain labor practices and conflict-mineral audits are not addressed. Overall social pillar reflects modest disclosure and absence of formal DEI commitments.

Criticisms on file

No disclosed CEO-to-worker pay ratio; noninterest compensation expense increased 24.2% year-over-year ($145.9M increase), suggesting significant pay elevation without transparent disclosure of ratios or equity-based compensation metrics.
Source: ONB 10-K MD&A Noninterest Expense table and Risk Factors.
Minimal disclosure of workforce diversity metrics (gender, race/ethnicity, leadership representation); no DEI program, civil-rights audit, HRC CEI score, or supplier diversity program mentioned.
Source: ONB 10-K; no diversity or EEO-1 data disclosed.
No documented modern slavery statement, forced labor policy, living wage commitment, or supply-chain labor audits despite operations across Midwest and Southeast regions.
Source: ONB 10-K Risk Factors and MD&A; human rights disclosure absent.

Disclosed initiatives

Employee Retention and Talent Attraction

Company identifies employee attraction and retention as critical to success; cites competitive compensation, flexible work arrangements (in-office, hybrid, work-from-home options) as retention strategies.

No quantified outcome; company acknowledges it 'may not be able to hire the best people for key roles or retain them.'
Acquisition Integration and Workforce Expansion

Successful integration of Bremer (May 2025) and CapStar (April 2024) added 905 full-time equivalents (4,066 to 4,971 employees).

Headcount expansion; no disclosure of integration workforce outcomes (redundancies, severance, retraining).

Governance story

Old National reports a Tier 1 leverage ratio of 8.90% and Tier 1 common equity ratio of 11.08% at December 31, 2025, both above regulatory minimum thresholds. Board independence percentage is not explicitly disclosed in the 10-K; no mention of dual-class share structure (single-class Common Stock structure implied by proxy references). The company acknowledges extensive regulatory oversight by OCC, Federal Reserve, FDIC, CFPB, and state banking authorities and discloses active stress testing and risk appetite governance. No lobbying expenditure data is provided in the 10-K; no active litigation regarding antitrust, consumer protection, or financial fraud is disclosed. The company faces routine regulatory examinations and general industry scrutiny post-2023 banking sector stress. Capital ratios are well-managed; regulatory compliance culture is emphasized. However, absence of lobbying spend disclosure and limited transparency on board composition represent moderate governance gaps.

Criticisms on file

No disclosed lobbying expenditure; no statement on political activities or alignment/misalignment with industry associations on climate or consumer-protection regulation.
Source: ONB 10-K; lobbying spend not disclosed in political activity section.
Board independence percentage not explicitly disclosed; governance disclosures lack detail on board composition, director qualifications, and committee charters.
Source: ONB 10-K Item 1A and governance sections; proxy statement reference implied but not provided in source documents.
Significant regulatory examination risk acknowledged; company notes vulnerability to evolving regulatory scrutiny, potential for inadvertent compliance violations, and heightened focus on deposit composition, uninsured deposits, and commercial real estate concentrations post-2023 banking stress.
Source: ONB 10-K Risk Factors - 'We may incur fines, penalties, and other negative consequences from regulatory violations' and 'Old National operates in a highly regulated environment.'

Disclosed initiatives

Enterprise Risk Management Framework

Company maintains a formal Enterprise Risk Management program; Chief Risk Officer provides quarterly reports to Board's Enterprise Risk Committee. Risk Appetite Statement addresses strategic, market, liquidity, credit, operational, information security, talent management, and compliance/regulatory/legal risks.

Institutionalized risk governance; regular Board oversight and stress testing.
Regulatory Capital Stress Testing

Performs periodic stress testing throughout the year to ensure robust forward-looking capital planning under severely adverse economic scenarios; incorporates key risks including strategic, market, liquidity, credit, and operational risks.

Proactive capital planning and risk mitigation; aligns with federal banking agency expectations.
Compliance and Regulatory Control Framework

Establishes detailed policies and control procedures for anti-money laundering, Bank Secrecy Act, OFAC compliance, and consumer protection laws; acknowledges regulatory expectations and examinations.

Controls in place; no material enforcement actions disclosed.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Old National Bancorp. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Old National Bancorp in the app for interactive charts and portfolio building.

More in Financial Services

Berkshire Hathaway Inc. (BRK-B) JPMorgan Chase & Co. (JPM) Visa Inc. (V) Mastercard Incorporated (MA) Bank of America Corporation (BAC) Morgan Stanley (MS)