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.
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.
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.
Kommunalbanken AS's score of 47 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Kommunalbanken AS reported total carbon emissions of approximately 7,689,000 kg CO2e, with emissions distributed across various scopes: 8,000 kg CO2e (Scope 1), 3,572,000 kg CO2e (Scope 2), and 7,659,000 kg CO2e (Scope 3). The Scope 3 emissions were primarily driven by business travel, accounting for about 6,659,000 kg CO2e. For 2024, the bank disclosed total emissions of approximately 218,300 kg CO2e, with Scope 2 emissions at 15,800 kg CO2e and Scope 3 emissions at 66,800 kg CO2e. The emissions data for 2025 indicates a total of about 5,300 kg CO2e, although specific scope breakdowns were not provided. Kommunalbanken AS has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by at least 55% by 2030 compared to 2019 levels. This strategic objective reflects the bank's commitment to climate change mitigation and aligns with industry standards for sustainability. The emissions data is not cascaded from any parent organization, indicating that all reported figures are directly from Kommunalbanken AS. The bank continues to focus on enhancing its sustainability practices and reducing its carbon footprint in the coming years.
Access structured emissions data, company-specific emission factors, and source documents
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|
Scope 1 | - | 0,000 | 0,000 | 000 | 000 | 000 | - |
Scope 2 | 57,210 | 00,000 | 00,000 | 00,000 | 00,000 | 000,000 | 00,000 |
Scope 3 | - | - | - | - | - | 00,000 | 00,000 |
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.