Spar Nord
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 73 is higher than 99% 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. This figure includes 194,000 kg CO2e from Scope 1 emissions, 403,000 kg CO2e from Scope 2 (market-based), and a significant 787,351,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions are primarily driven by investments, which accounted for about 762,814,000 kg CO2e. Comparatively, in 2023, Spar Nord's total emissions were approximately 962,854,000 kg CO2e, with Scope 1 emissions at 222,000 kg CO2e, Scope 2 emissions (market-based) at 393,000 kg CO2e, and Scope 3 emissions reaching about 962,239,000 kg CO2e. This indicates a notable reduction in total emissions from 2023 to 2024. 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 target to reduce its 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 mitigating climate impact and enhancing sustainability within its operations.
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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 |
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.
Spar Nord is not participating in any 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.
