Sparebank 1
SpareBank 1, a prominent financial institution based in Norway, serves as a cornerstone of the country's banking sector. Headquartered in Oslo, it operates extensively across various regions, providing a comprehensive range of financial services. Founded in 1822, SpareBank 1 has evolved significantly, marking key milestones in its commitment to customer-centric banking. The bank offers a diverse portfolio of products, including personal and business banking, insurance, and investment services, distinguished by its focus on local communities and tailored solutions. With a strong market position, SpareBank 1 is recognised for its innovative approach and robust digital banking capabilities, making it a trusted choice for individuals and businesses alike. Its dedication to sustainability and social responsibility further enhances its reputation in the competitive financial landscape.
DitchCarbon Score
How does Sparebank 1'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 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
Sparebank 1's score of 40 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Sparebank 1's reported carbon emissions
In 2023, Sparebank 1 reported total carbon emissions of approximately 1,321,793,000 kg CO2e. This figure includes Scope 1 emissions of 18,000 kg CO2e, primarily from mobile combustion, and Scope 2 emissions of about 1,011,689,000 kg CO2e. The majority of their emissions stem from Scope 3, totalling approximately 1,033,482,000 kg CO2e, with significant contributions from investments and purchased goods and services. Over the years, Sparebank 1 has demonstrated a commitment to reducing its carbon footprint. In 2022, their total emissions were about 1,200,372,000 kg CO2e, indicating a slight increase in 2023. However, the bank has set ambitious long-term climate commitments, aiming for net-zero emissions across all scopes by 2050, as part of their Science Based Targets initiative (SBTi) commitments. The bank's emissions data from previous years shows a trend of significant emissions, with 2021 reporting approximately 1,338,027,000 kg CO2e, largely driven by Scope 3 emissions related to investments. Their ongoing efforts to address climate change reflect a broader industry trend among financial institutions to enhance sustainability practices and reduce environmental impact.
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Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 62,500 | 00,000 | 00,000 | 00,000 | 00,000 | - |
| Scope 2 | 291,900 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 |
| Scope 3 | 17,500 | 000,000 | 000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Sparebank 1 is committed to some reduction initiatives 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.
