Eika Gruppen AS Sustainability Profile
Eika Gruppen AS, commonly referred to as Eika, is a prominent financial services group headquartered in Norway. Established in 2000, the company has grown to become a key player in the Norwegian banking and insurance sectors, primarily serving the needs of local communities across the country. Eika's core offerings include a range of banking services, insurance products, and financial advisory solutions, all designed to meet the unique demands of its clientele. The company is distinguished by its commitment to local engagement and customer-centric service, which has solidified its reputation in the market. With a strong presence in various regions of Norway, Eika Gruppen AS has achieved notable milestones, including strategic partnerships and a robust network of member banks. This positions Eika as a trusted provider in the financial landscape, dedicated to fostering economic growth and stability within the communities it serves.
DitchCarbon Score
How does Eika Gruppen AS's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Eika Gruppen AS's score of 26 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Eika Gruppen AS's reported carbon emissions
In 2023, Eika Gruppen AS reported significant carbon emissions primarily from Scope 3 activities, totalling approximately 103,000 kg CO2e. This includes emissions from employee travel (69,000 kg CO2e), business flights within Europe (27,000 kg CO2e), and international flights (8,000 kg CO2e). The company has set ambitious climate commitments, aiming for a 50% reduction in Scope 1 and Scope 2 emissions by 2030, compared to the average emissions from 2013 to 2019. This target reflects a proactive approach to managing greenhouse gas emissions and aligns with industry standards for climate action. Eika Gruppen AS has not disclosed specific emissions data for Scope 1 and Scope 2 for the years 2022 and 2023, but historical data indicates that in 2020, the company emitted a total of 9,500 kg CO2e, with 4,700 kg CO2e from mobile combustion (Scope 1) and 2,500 kg CO2e from purchased electricity (Scope 2). The company's commitment to reducing emissions demonstrates a clear trajectory towards sustainability, although further transparency in emissions reporting would enhance their accountability and progress tracking.
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| 2018 | 2019 | 2020 | |
|---|---|---|---|
| Scope 1 | 7,700 | 0,000 | 0,000 |
| Scope 2 | 3,400 | 0,000 | 0,000 |
| Scope 3 | - | - | - |
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Eika Gruppen AS's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Eika Gruppen AS has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
