SpareBank 1

Sustainability Report and Carbon Intensity Rankings

Is SpareBank 1 doing their part?

Their DitchCarbon score is 58

SpareBank 1 has a DitchCarbon Score of 58 out of 100, indicating a moderate level of sustainability in their operations. This score reflects the company’s carbon intensity, which is a measure of how much carbon they emit relative to their size and activity. A higher score would suggest a lower carbon intensity and a stronger commitment to reducing emissions.

This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.

Industry emissions intensity

Very low

Low

Medium

High

Very high

SpareBank 1 operates within the finance sector, which has a very low carbon intensity ranking compared to other industries. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.

Location emissions intensity

Very low

Low

Medium

High

Very high

SpareBank 1 operates in Norway, a country with a very low carbon intensity rating, indicating a cleaner energy grid. This favorable environmental context supports the bank’s sustainability efforts by reducing the carbon footprint associated with its energy consumption.
7.17%

...this company is doing 7.17% better in emissions than the industry average.

SpareBank 1, founded in 1996 and based in Oslo, is a prominent player in Norway’s finance sector. As the country’s second-largest financial actor, the SpareBank 1-alliansen comprises independent banks offering a comprehensive range of financial products and services to individuals and businesses. With a strong focus on customer proximity, local presence, and expertise, the alliance employs approximately 7,000 people.

emission intelligence's platform recommendations for SpareBank 1

SpareBank 1 should consider implementing green procurement policies to source low-carbon energy and services, which could potentially reduce their emissions by 25%.

Good news, SpareBank 1 has embraced SBTi commitments

SpareBank 1 has pledged to set science-based targets through the Science Based Targets initiative (SBTi) to align with climate science and reduce greenhouse gas emissions. This commitment means the company will develop a detailed plan to cut emissions across its operations and value chain to meet the goals of the Paris Agreement.
Participating

The Ultimate Guide to Building Sustainability Into Procurement​

1. Reputation and Brand Image

2. Corporate Social Responsibility

3. Becoming a Customer of Choice

4. Stakeholder Engagement

5. Risk Management

Case study — How Compleat's clients use our carbon data

Making Compleat’s customers climate heroes. Download the 19-page case study PDF.

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Our methodology

Read about our emission calculation methodologies, and what the DitchCarbon Score means.

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