Sparebanken Vest

Sparebanken Vest, headquartered in Norway and operating in insurance and pension funding services, reported approximately 179,300 kg CO2e in total emissions for 2024. This total comprises approximately 10,500 kg CO2e for Scope 1, approximately 125,400 kg CO2e for Scope 2, and approximately 108,000 kg CO2e for Scope 3.

In 2023, the bank's total emissions were approximately 10,250,000 kg CO2e, with Scope 1 emissions around 853,000 kg CO2e, Scope 2 at approximately 5,368,000 kg CO2e (market-based), and Scope 3 at approximately 4,362,000 kg CO2e. For 2022, total emissions stood at approximately 7,111,000 kg CO2e, including Scope 1 of about 1,374,000 kg CO2e, Scope 2 at approximately 6,320,000 kg CO2e (market-based), and Scope 3 at approximately 5,217,000 kg CO2e.

Sparebanken Vest has established several climate commitments. It previously set a target to reduce its own climate footprint by 50% by 2025, a goal which was already met by 2020. The bank is also working to reduce its Scope 1 and 2 emissions according to the Science Based Targets initiative's (SBTi) decarbonisation trajectory, with a target for a 10% reduction by 2030. Furthermore, Sparebanken Vest has a target for a 55% reduction in its own climate emissions from 2017 to 2030 and aims for net-zero emissions by 2050. There is also a specific commitment to reduce portfolio carbon intensity (tCO2e/tonne fish) by 42% by 2030. The bank is a "BA1.5 member" and has committed to net-zero emissions.