Sparebanken Sor
Sparebanken Sør, a prominent financial institution based in Norway, has been serving its customers since its establishment in 1822. Headquartered in Kristiansand, the bank operates primarily in the southern regions of Norway, providing a range of banking services tailored to both personal and business clients. As a key player in the Norwegian banking industry, Sparebanken Sør offers unique products such as competitive mortgage solutions, savings accounts, and comprehensive investment services. The bank is renowned for its commitment to local communities and sustainable banking practices, which set it apart from competitors. With a strong market position, Sparebanken Sør has achieved notable milestones, including significant growth in customer base and assets under management, reinforcing its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does Sparebanken Sor'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 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
Sparebanken Sor's score of 42 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Sparebanken Sor's reported carbon emissions
In 2023, Sparebanken Sør reported total carbon emissions of approximately 321,200 kg CO2e. This figure includes 23,600 kg CO2e from Scope 1 emissions, 114,200 kg CO2e from Scope 2 emissions, and 183,300 kg CO2e from Scope 3 emissions. Over the years, the bank has demonstrated a commitment to reducing its carbon footprint, with emissions decreasing from about 512,700 kg CO2e in 2017 to the latest figure in 2023. The bank's emissions profile shows a consistent reduction trend, with total emissions dropping significantly from 476,400 kg CO2e in 2018 and 417,500 kg CO2e in 2019, to 273,000 kg CO2e in 2020 and 232,400 kg CO2e in 2021. In 2022, emissions rose slightly to 297,600 kg CO2e, but the 2023 figures indicate a renewed focus on sustainability. Despite the absence of specific reduction targets or climate pledges, Sparebanken Sør's ongoing efforts to monitor and report its emissions reflect a commitment to addressing climate change. The bank's emissions per employee have also decreased, indicating improved efficiency in its operations. Overall, Sparebanken Sør is actively working towards minimising its environmental impact while navigating the challenges of the financial sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 33,200 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 333,200 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 146,300 | 000,000 | 000,000 | 00,000 | 00,000 | 000,000 | 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.
Sparebanken Sor is committed to some 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.
