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Spar Nord, a leading Danish financial institution, has been a cornerstone of banking and financial services in Denmark since its foundation in 1824. Headquartered in Denmark, this well-established bank stands among the nation's largest, renowned for its strong community ties and customer-centric approach.
Beyond traditional banking, Spar Nord offers an extensive portfolio of insurance and pension funding services, a core part of its holistic financial management offerings. Clients also benefit from expert guidance in investment strategies and housing finance, solidifying its position as a trusted partner for individuals and businesses across its operational regions.
69
DitchCarbon score
+30 vs industry average
Spar Nord’s score of 69 is higher than 79% 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.
Spar Nord's reported carbon emissions
Spar Nord, a Danish insurance and pension funding services provider, reported total carbon emissions of approximately 787.9 million kg CO2e in 2024. This figure comprises about 194,000 kg CO2e from Scope 1 emissions, 403,000 kg CO2e from Scope 2 (market-based), and approximately 787.3 million kg CO2e from Scope 3 emissions. A significant portion of Scope 3 emissions, about 762.8 million kg CO2e, originated from investments.
In 2023, Spar Nord's total emissions were approximately 962.9 million kg CO2e, with Scope 1 at 222,000 kg CO2e, Scope 2 (market-based) at 393,000 kg CO2e, and Scope 3 at about 962.2 million kg CO2e. Investments accounted for approximately 940.2 million kg CO2e of Scope 3 emissions in 2023.
The company has set a long-term net-zero ambition for all scopes by 2050, aligned with the Paris Agreement. Spar Nord also aims to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 30% by 2025, using a 2021 baseline of 681 tonnes CO2e. Emissions data and reduction targets are self-reported by Spar Nord Bank A/S.
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Spar Nord’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
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Inherited from Nykredit Bank A/S2030 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
Inherited from Nykredit Bank A/SSee details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Spar Nord1 month ago
69
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