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 54 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sparebanken Vest's reported carbon emissions
In 2023, Sparebanken Vest reported total carbon emissions of approximately 6,218,000 kg CO2e, comprising 853,000 kg CO2e from Scope 1 and 5,368,000 kg CO2e from Scope 2. This marks a significant increase in emissions compared to 2022, where the bank's emissions were about 1,374,000 kg CO2e for Scope 1 and 632,000 kg CO2e for Scope 2. Sparebanken Vest has set ambitious climate commitments, aiming for a 50% reduction in its own climate footprint by 2025, a target that was already achieved in 2020. Additionally, the bank has committed to reducing its Scope 1 and 2 emissions in line with the Science Based Targets initiative (SBTi) decarbonisation trajectory, targeting a 10% reduction by 2030. Furthermore, the bank has set a long-term goal of achieving net-zero emissions by 2050. The bank's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Overall, Sparebanken Vest is actively working towards reducing its carbon footprint while adhering to industry standards for climate action.
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| 2018 | 2019 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 62,500 | 00,000 | - | 0,000,000 | 000,000 |
| Scope 2 | 291,900 | 000,000 | - | 000,000 | 0,000,000 |
| Scope 3 | 581,600 | 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 participating in some of the initiatives that 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.
