Sparebanken Vest

Sparebanken Vest, an insurance and pension funding services provider headquartered in Norway, reported total emissions of approximately 344,000 kg CO2e in 2024. This included Scope 1 emissions of 10,500 kg CO2e, Scope 2 emissions of 125,400 kg CO2e (location-based), and Scope 3 emissions of 108,000 kg CO2e.

In 2023, the company's Scope 1 emissions were 853,000 kg CO2e, Scope 2 emissions were 5,368,000 kg CO2e (with market-based emissions at 165,000 kg CO2e), and Scope 3 emissions were 4,362,000 kg CO2e. For 2022, Sparebanken Vest reported Scope 1 emissions of 1,374,000 kg CO2e, Scope 2 emissions of 632,000 kg CO2e (with market-based emissions at 158,000 kg CO2e), and Scope 3 emissions of 5,217,000 kg CO2e. In 2020, combined Scope 1 and 2 location-based emissions were 80,200 kg CO2e.

Sparebanken Vest has demonstrated a commitment to climate action through several reduction targets. In 2018, they set a goal to reduce their Scope 1 and Scope 2 emissions by 50% by 2025, a target which they achieved in 2020. The company has also committed to reducing its own climate emissions (Scope 1 and 2) by 55% from 2017 to 2030. Additionally, Sparebanken Vest aims to reduce its Scope 1 and 2 emissions in line with the Science Based Targets initiative (SBTi) decarbonisation trajectory, targeting a 10% reduction between 2022 and 2030. For Scope 3, they aim for a 42% reduction in portfolio carbon intensity (tCO2e/tonne fish) between 2022 and 2030. Sparebanken Vest also has a long-term goal of achieving net-zero emissions by 2050. The company is a committed member of the SBTi for net-zero.