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 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 from 2018, when total emissions were approximately 936,000 kg CO2e, marking a reduction of about 25.1% in both Scope 1 and Scope 2 emissions. The bank's commitment to reducing its carbon footprint is evident in its near-term targets, which aim for continued reductions in both Scope 1 and Scope 2 emissions. The data indicates a proactive approach to climate commitments, although specific long-term targets or SBTi (Science Based Targets initiative) commitments have not been disclosed. Overall, SpareBank 1 Sør-Norge ASA demonstrates a clear trajectory towards lowering its carbon emissions, aligning with industry standards for climate action and 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?
How Carbon Intensive is SpareBank 1 Sør-Norge ASA's Location?
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.
