SpareBank 1 Sør-Norge ASA Sustainability Profile
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 33 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 Sør-Norge ASA's reported carbon emissions
In 2019, SpareBank 1 Sør-Norge ASA reported total carbon emissions of approximately 701,000 kg CO2e. This figure includes Scope 1 emissions of about 69,100 kg CO2e, Scope 2 emissions of approximately 184,000 kg CO2e, and Scope 3 emissions of around 447,900 kg CO2e. The bank achieved a significant reduction in emissions from 2018 to 2019, decreasing total emissions by about 25.1%. In 2018, total emissions were approximately 936,000 kg CO2e, which highlights the effectiveness of their reduction initiatives. SpareBank 1 Sør-Norge ASA's commitment to climate action is evident in their focus on reducing both Scope 1 and Scope 2 emissions, with a clear target set for 2019. The bank's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Overall, SpareBank 1 Sør-Norge ASA demonstrates a proactive approach to managing its carbon footprint and contributing to climate sustainability.
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| 2018 | 2019 | |
|---|---|---|
| Scope 1 | 62,500 | 00,000 |
| Scope 2 | 291,900 | 000,000 |
| Scope 3 | 581,600 | 000,000 |
How Carbon Intensive is SpareBank 1 Sør-Norge ASA's Industry?
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SpareBank 1 Sør-Norge ASA'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 Sør-Norge ASA 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.
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