Public Profile

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.

73

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.

27

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.

99%

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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 previous year, 2023, saw total emissions of about 962,854,000 kg CO2e, with Scope 1 emissions at 222,000 kg CO2e, Scope 2 at 393,000 kg CO2e (market-based), and Scope 3 emissions reaching 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 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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201920202021202220232024
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Spar Nord's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Spar Nord is in DK, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Where does DitchCarbon data come from?

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