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 33 is higher than 57% 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 69,100 kg CO2e from Scope 1 emissions, 184,000 kg CO2e from Scope 2 emissions, and 447,900 kg CO2e from Scope 3 emissions. This represents a significant reduction of about 25.1% from 2018, when total emissions were approximately 936,000 kg CO2e. The bank's commitment to reducing its carbon footprint is evident in its near-term reduction targets, which aim to lower Scope 1 and Scope 2 emissions. The reduction from 2018 to 2019 highlights the effectiveness of their initiatives in addressing climate change. SpareBank 1 Sør-Norge ASA has not reported any specific Science-Based Targets Initiative (SBTi) targets, nor does it appear to inherit emissions data from a parent company. The organisation is actively working towards enhancing its sustainability practices and reducing its overall environmental impact.
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| 2018 | 2019 | |
|---|---|---|
| Scope 1 | 62,500 | 00,000 |
| Scope 2 | 291,900 | 000,000 |
| Scope 3 | 581,600 | 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 participating in any of the initiatives that 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.
