Sparebanken Vest

Sparebanken Vest, an insurance and pension funding services provider in Norway, reported its 2024 carbon emissions as follows: Scope 1 emissions were 10,500 kg CO2e, Scope 2 emissions (location-based) were 125,400 kg CO2e, and Scope 3 emissions totalled 108,000 kg CO2e.

Looking back, in 2023, the company's Scope 1 emissions were 853,000 kg CO2e, Scope 2 emissions (market-based) were 165,000 kg CO2e, and Scope 3 emissions were 4,362,000 kg CO2e. In 2022, Scope 1 emissions stood at 1,374,000 kg CO2e, Scope 2 emissions (market-based) were 158,000 kg CO2e, and Scope 3 emissions were 5,217,000 kg CO2e. In 2020, combined Scope 1 and 2 emissions (location-based) were 80,200 kg CO2e.

Sparebanken Vest has demonstrated significant commitment to reducing its carbon footprint. In 2018, it set a target to reduce its own climate footprint by 50% by 2025 across Scope 1 and Scope 2 emissions, a goal which was achieved by 2020. The bank has also committed to reducing its Scope 1 and Scope 2 emissions in line with SBTi's decarbonisation trajectory, aiming for a 10% reduction between 2022 and 2030. Furthermore, there is a target to reduce the carbon intensity in its portfolio (tCO2e/tonne fish) by 42% between 2022 and 2030. The bank has set an absolute target of a 55% reduction in its own climate emissions from 2017 to 2030 for Scope 1 and Scope 2. Sparebanken Vest also has a long-term goal of achieving net-zero emissions by 2050 across all scopes. It has been a "BA1.5 member" of the Science Based Targets initiative (SBTi) since February 2022, though its near-term target status was listed as "Commitment removed" in August 2026 due to a company change.