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 40 is higher than 90% 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 2023, SpareBank 1 Sør-Norge ASA reported total carbon emissions of approximately 136,000 kg CO2e from Scope 2, 106,600 kg CO2e from Scope 3, and 10,900 kg CO2e from Scope 1. This reflects a slight decrease in Scope 1 emissions from 11,300 kg CO2e in 2022, while Scope 2 emissions decreased from 131,800 kg CO2e, and Scope 3 emissions saw a reduction from 89,100 kg CO2e in the previous year. The bank has disclosed emissions across all three scopes, indicating a comprehensive approach to tracking its carbon footprint. However, there are currently no specific reduction targets or climate pledges outlined in their initiatives. This suggests that while the bank is actively monitoring its emissions, it may not yet have formalised commitments to reduce its carbon output in the future. Overall, SpareBank 1 Sør-Norge ASA's emissions data highlights its ongoing efforts to manage and report on its environmental impact, aligning with industry standards for transparency in climate commitments.
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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 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.
