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Sparebanken Vest, a prominent player in the insurance and pension funding services sector, is headquartered in Norway. Established in 1823, the bank has evolved significantly, marking key milestones in its commitment to providing comprehensive financial solutions. With a strong presence in Western Norway, Sparebanken Vest offers a range of core products, including life insurance, pension plans, and investment services, tailored to meet the diverse needs of its clientele.
What sets Sparebanken Vest apart is its focus on customer-centric solutions and sustainable financial practices, positioning it as a trusted partner in the region. The bank has garnered recognition for its innovative approach and robust market position, making it a leading choice for individuals and businesses seeking reliable insurance and pension funding services.
66
DitchCarbon score
+27 vs industry average
Sparebanken Vest’s score of 66 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Insurance Services is among the least carbon-intensive industries
Industry performance
0.058
20182025
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Sparebanken Vest's reported carbon emissions
Sparebanken Vest, headquartered in Norway and operating within the insurance and pension funding services sector (excluding compulsory social security), reported a total of approximately 179,300 kg CO2e in 2024. This figure encompasses Scope 1 emissions of approximately 10,500 kg CO2e and Scope 2 emissions totalling about 125,400 kg CO2e. Scope 3 emissions for the same year were approximately 108,000 kg CO2e.
In 2023, the bank's Scope 1 emissions were approximately 853,000 kg CO2e, with Scope 2 emissions at approximately 5,368,000 kg CO2e (market-based) and Scope 3 emissions at roughly 4,362,000 kg CO2e.
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Sparebanken Vest’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Sparebanken Vest3 days ago
66
Frequently asked questions
Common questions about Sparebanken Vest’s sustainability data and climate commitments
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