SpareBank 1 Gruppen AS Sustainability Profile
SpareBank 1 Gruppen AS, commonly referred to as SpareBank 1, is a prominent financial services group headquartered in Norway. Established in 1822, the company has evolved into a key player in the Norwegian banking sector, primarily serving the regions of Eastern and Western Norway. Operating within the banking and insurance industry, SpareBank 1 offers a diverse range of products and services, including retail banking, corporate banking, and insurance solutions. Its unique approach combines local expertise with innovative digital services, catering to both individual and business clients. With a strong market position, SpareBank 1 Gruppen AS has achieved significant milestones, including the development of a robust digital banking platform that enhances customer experience. The company is recognised for its commitment to sustainability and community engagement, solidifying its reputation as a trusted financial partner in Norway.
DitchCarbon Score
How does SpareBank 1 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 Coal Tar Production 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 Gruppen AS's score of 23 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SpareBank 1 Gruppen AS's reported carbon emissions
As of the latest available data, SpareBank 1 Gruppen AS does not report any specific carbon emissions figures, indicating a lack of disclosed emissions data. Consequently, there are no recorded emissions in terms of Scope 1, 2, or 3. In terms of climate commitments, SpareBank 1 Gruppen AS has not outlined any specific reduction targets or initiatives. The absence of documented reduction strategies suggests that the organisation may still be in the early stages of developing a comprehensive climate action plan. Given the current context, it is essential for SpareBank 1 Gruppen AS to establish measurable climate commitments and emissions reporting to align with industry standards and expectations. This would not only enhance transparency but also contribute to broader climate goals within the financial sector.
How Carbon Intensive is SpareBank 1 Gruppen AS's Industry?
How Carbon Intensive is SpareBank 1 Gruppen AS's Location?
SpareBank 1 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.
SpareBank 1 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.
