Spar Nord Sustainability Profile
Spar Nord Bank A/S, commonly referred to as Spar Nord, is a prominent financial institution headquartered in Aalborg, Denmark (DK). Established in 1824, the bank has evolved into a key player in the Danish banking sector, primarily serving the northern and central regions of the country. Spar Nord offers a comprehensive range of financial services, including personal banking, business banking, and investment solutions, distinguished by its customer-centric approach and innovative digital offerings. The bank has achieved notable milestones, such as expanding its branch network and enhancing its online banking capabilities, solidifying its position as a trusted partner for both individuals and businesses. With a commitment to sustainability and community engagement, Spar Nord continues to strengthen its market presence, making it a significant contributor to Denmark's financial landscape.
DitchCarbon Score
How does Spar Nord'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
Spar Nord's score of 76 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Spar Nord's reported carbon emissions
In 2024, Spar Nord reported total carbon emissions of approximately 787,948,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 787,351,000 kg CO2e. Scope 1 emissions were approximately 194,000 kg CO2e, while Scope 2 emissions totalled about 403,000 kg CO2e (market-based). The previous year, 2023, saw total emissions of about 962,854,000 kg CO2e, with Scope 3 emissions at approximately 962,239,000 kg CO2e. Spar Nord has set ambitious climate commitments, aiming for net zero emissions by 2050, in alignment with the Paris Agreement. To support this goal, the bank has established a near-term target to reduce Scope 1 and 2 greenhouse gas emissions by 30% by 2025, using a 2021 baseline of 681 tonnes CO2e. This commitment reflects a proactive approach to climate action, with a focus on both immediate and long-term sustainability. The emissions data is cascaded from Spar Nord Bank A/S, with the bank's climate initiatives and performance being reported directly from this source.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 164,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 3,762,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 536,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Spar Nord's Industry?
How Carbon Intensive is Spar Nord's Location?
Spar Nord's Scope 3 Categories Breakdown
Spar Nord's Scope 3 emissions, which decreased by 18% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 97% of Scope 3 emissions.
Top Scope 3 Categories
Spar Nord's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Spar Nord has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
