Sparebanken Vest
Sparebanken Vest, a prominent Norwegian financial institution, is headquartered in Bergen, Norway. Established in 1823, it has evolved into a key player in the banking sector, primarily serving the western regions of Norway. The bank offers a comprehensive range of services, including personal banking, corporate financing, and investment solutions, distinguished by its commitment to customer-centric service and local expertise. With a strong focus on sustainability and community engagement, Sparebanken Vest has achieved notable milestones, including recognition for its innovative digital banking solutions. As a leading regional bank, it holds a significant market position, catering to both individual and business clients while prioritising responsible banking practices.
DitchCarbon Score
How does Sparebanken Vest'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 Insurance Services 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 Vest's score of 53 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Sparebanken Vest's reported carbon emissions
In 2023, Sparebanken Vest reported total carbon emissions of approximately 1,789,343,000 kg CO2e, with emissions distributed across various scopes: 7,000 kg CO2e from Scope 1, 1,000 kg CO2e from Scope 2, and a significant 1,789,335,000 kg CO2e from Scope 3. This marks a reduction from 2022, where total emissions were about 2,146,720,000 kg CO2e, indicating a positive trend in their carbon footprint management. The bank has committed to achieving net-zero emissions by 2050, aligning with the Science Based Targets initiative (SBTi). This long-term commitment encompasses all scopes of emissions, reflecting a comprehensive approach to climate action. Additionally, Sparebanken Vest is a member of the BA1.5 initiative, which underscores its dedication to ambitious climate targets. Overall, Sparebanken Vest's emissions data and climate commitments demonstrate a proactive stance in addressing climate change, with a clear focus on reducing their environmental impact while supporting sustainable financial practices.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | 00,000 | 00,000 | 0,000 |
| Scope 2 | - | 0,000 | 0,000 | 0,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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 Vest 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.
