SpareBank 1 Sør-Norge ASA
SpareBank 1 Sør-Norge ASA, commonly referred to as SpareBank 1, is a prominent financial institution headquartered in Norway. Established in 1822, the bank has evolved to serve a diverse clientele across Southern Norway, focusing on retail banking, corporate finance, and insurance services. With a commitment to local communities, SpareBank 1 offers a range of unique products, including tailored mortgage solutions and innovative digital banking services. The bank's strong market position is underscored by its dedication to customer satisfaction and sustainable practices, making it a trusted partner for individuals and businesses alike. Notable achievements include its consistent ranking among the top banks in Norway, reflecting its robust financial performance and community engagement.
DitchCarbon Score
How does SpareBank 1 Sør-Norge ASA'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
SpareBank 1 Sør-Norge ASA's score of 38 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 Sør-Norge ASA's reported carbon emissions
In 2023, SpareBank 1 Sør-Norge ASA reported total carbon emissions of approximately 109,000 kg CO2e from Scope 1, 136,000 kg CO2e from Scope 2, and 106,600 kg CO2e from Scope 3. This reflects a slight decrease in Scope 1 emissions from 11,300 kg CO2e in 2022 and a reduction in Scope 2 emissions from 131,800 kg CO2e. However, Scope 3 emissions increased from 89,100 kg CO2e in 2022. The bank has disclosed emissions across all three scopes, indicating a comprehensive approach to carbon accounting. Despite these figures, there are currently no specific reduction targets or climate pledges outlined in their initiatives. The bank's commitment to sustainability is evident, but further details on reduction strategies or targets are not available at this time.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 13,600 | 00,000 | 00,000 |
| Scope 2 | 174,800 | 000,000 | 000,000 |
| Scope 3 | 66,000 | 00,000 | 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 Sør-Norge ASA is not committed to any 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.
