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.
+6 vs industry average
Kommunalbanken AS’s score of 41 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Part of the Sustainability team at Kommunalbanken AS?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Kommunalbanken AS's reported carbon emissions
In 2024, Kommunalbanken AS reported total carbon emissions of approximately 218,300 kg CO2e. This figure includes Scope 2 emissions of about 151,500 kg CO2e, primarily from purchased heat, and Scope 3 emissions of approximately 66,800 kg CO2e, with business travel contributing significantly at about 66,500 kg CO2e. Notably, the bank's Scope 1 emissions were recorded at zero. Comparatively, in 2023, the total emissions were approximately 261,900 kg CO2e, indicating a reduction of about 43,600 kg CO2e year-on-year. The breakdown for 2023 included Scope 2 emissions of about 185,000 kg CO2e and Scope 3 emissions of approximately 76,900 kg CO2e. Despite these figures, Kommunalbanken AS has not established specific reduction targets or initiatives as part of its climate commitments. The organisation does not currently participate in initiatives such as the Science Based Targets initiative (SBTi) or have documented reduction targets. Overall, while Kommunalbanken AS has made strides in reducing its emissions, particularly in Scope 2, it lacks formal commitments to further reductions or climate pledges.
Unlock detailed emission data
Access structured emission data, company specific factors and auditable source documents
Kommunalbanken AS’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Kommunalbanken AS yet.
Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
Already have an account? Sign in now
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
View similar organisations
Kommunalbanken AS
Usage policy
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn moreCurious to see your top suppliers emissions?
Book a demo for a pilot project