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, serving customers across various regions, including North Jutland and the Greater Copenhagen area. Specialising in retail banking, corporate finance, and investment services, Spar Nord distinguishes itself through its commitment to personalised customer service and innovative financial solutions. The bank has achieved notable milestones, including a strong market position as one of Denmark's leading banks, recognised for its robust financial performance and customer satisfaction. With a diverse range of core products, including savings accounts, loans, and investment services, Spar Nord continues to adapt to the changing financial landscape while maintaining its focus on community engagement and sustainable growth.
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 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 38 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Spar Nord's reported carbon emissions
In 2023, Spar Nord reported total carbon emissions of approximately 735,000,000 kg CO2e. This figure includes 216,000 kg CO2e from Scope 1 emissions, which primarily arise from direct operations, and 1,017,000 kg CO2e from Scope 2 emissions, related to purchased electricity and heat. The majority of their emissions, approximately 737,401,000 kg CO2e, fall under Scope 3, which encompasses indirect emissions from their value chain, including investments and business travel. Over the years, Spar Nord has seen fluctuations in its emissions. In 2022, total emissions were about 646,000,000 kg CO2e, while in 2021, they peaked at approximately 716,000,000 kg CO2e. The company has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. Spar Nord's emissions data reflects its operational scale and the challenges faced in managing carbon footprints within the financial sector. The absence of formal reduction commitments suggests an opportunity for the bank to enhance its climate strategy and align with industry standards for sustainability.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 164,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 3,762,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 536,000 | 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 committed to any reduction initiatives 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.
