Public Profile

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.

53

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.

26

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.

98%

Sparebanken Vest's reported carbon emissions

In 2023, Sparebanken Vest reported total carbon emissions of approximately 1,789,343,000 kg CO2e, comprising 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 emissions. This marked 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. Sparebanken Vest is also a member of the BA1.5 initiative, demonstrating its dedication to ambitious climate targets within the financial sector. Overall, Sparebanken Vest's emissions data and climate commitments highlight its proactive stance in addressing climate change and reducing its environmental impact.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Sparebanken Vest's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Sparebanken Vest is headquartered in NO, which has a rank of very low, indicating very low grid carbon 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

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