Sparebank 1
SpareBank 1, a prominent financial institution based in Norway, serves as a cornerstone of the country's banking sector. Headquartered in Oslo, it operates extensively across various regions, providing a comprehensive range of financial services. Founded in 1822, SpareBank 1 has evolved significantly, marking key milestones in its commitment to customer-centric banking. The bank offers a diverse portfolio of products, including personal and business banking, insurance, and investment services, distinguished by its focus on local communities and tailored solutions. With a strong market position, SpareBank 1 is recognised for its innovative approach and robust digital banking capabilities, making it a trusted choice for individuals and businesses alike. Its dedication to sustainability and social responsibility further enhances its reputation in the competitive financial landscape.
DitchCarbon Score
How does Sparebank 1'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 Services Auxiliary to Financial Intermediation 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
Sparebank 1's score of 44 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Sparebank 1's reported carbon emissions
In 2023, Sparebank 1 reported total carbon emissions of approximately 1,321,793,000 kg CO2e. This figure includes Scope 1 emissions of about 28,000 kg CO2e, primarily from mobile combustion, and Scope 2 emissions of approximately 1,011,689,000 kg CO2e, with a market-based approach accounting for about 1,299,000 kg CO2e. The bank's Scope 3 emissions were significant, totalling around 1,320,495,000 kg CO2e, largely driven by investments. Over the years, Sparebank 1 has demonstrated a commitment to reducing its carbon footprint. The bank has set a long-term net-zero target, aiming for 2050, and is actively working towards this goal. They are a member of the Science Based Targets initiative (SBTi) and have committed to achieving net-zero emissions across all scopes. In 2022, the total emissions were reported at approximately 1,200,372,000 kg CO2e, indicating a slight increase in emissions in 2023. The bank's emissions data reflects a growing awareness and response to climate change, aligning with industry standards for transparency and accountability in carbon reporting. Sparebank 1's ongoing initiatives and commitments highlight its role in the financial sector's transition towards sustainability, with a focus on reducing emissions and promoting environmentally responsible practices.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 62,500 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 291,900 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 |
| Scope 3 | 17,500 | 000,000 | 000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Sparebank 1 is participating in some 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.
