Kommunalbanken AS
Kommunalbanken AS, commonly referred to as KBN, is a leading financial institution headquartered in Norway. Established in 1999, KBN primarily serves the public sector, providing financing solutions tailored for municipalities and county authorities across the country. With a strong focus on sustainable development, the bank has positioned itself as a key player in the Norwegian financial landscape. KBN offers a range of core services, including long-term loans and financial advisory, distinguished by its commitment to low-cost funding and risk management. The bank's unique approach to financing public projects has earned it a reputation for reliability and efficiency. As a result, Kommunalbanken AS has achieved significant milestones, solidifying its market position as a trusted partner for local governments in Norway.
DitchCarbon Score
How does Kommunalbanken 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
Kommunalbanken AS's score of 43 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kommunalbanken AS's reported carbon emissions
In 2023, Kommunalbanken AS reported total carbon emissions of approximately 76,890 kg CO2e. This figure includes 800 kg CO2e from Scope 1 emissions, 35,720 kg CO2e from Scope 2 emissions, and 76,890 kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions encompass significant contributions from business travel (about 76,590 kg CO2e) and purchased goods and services (approximately 135,972,000 kg CO2e). Over the years, Kommunalbanken AS has demonstrated a commitment to reducing its carbon footprint. In 2022, the total emissions were about 43,210 kg CO2e, indicating a reduction from previous years, such as 91,130 kg CO2e in 2021 and 23,080 kg CO2e in 2020. The bank's emissions peaked in 2018 at approximately 220,730 kg CO2e, highlighting a significant downward trend in emissions over the years. Despite the reductions, there are currently no specific reduction targets or initiatives disclosed by Kommunalbanken AS, such as Science-Based Targets Initiative (SBTi) commitments or other climate pledges. The bank's ongoing efforts to manage and mitigate its carbon emissions reflect a growing awareness of climate impact within the financial sector.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 3,880 | 0,000 | 0,000 | 000 | 000 | 000 |
| Scope 2 | 57,210 | 00,000 | 00,000 | 00,000 | 00,000 | 000,000 |
| Scope 3 | 220,730 | 000,000 | 00,000 | 0,000 | 00,000 | 00,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Kommunalbanken AS is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
