Sparebanken Sor

Sparebanken Sor did not disclose its emissions data for 2023. In 2022, Sparebanken Sor reported total emissions of approximately 232,100 kg CO2e, comprising 11,300 kg CO2e from Scope 1, 131,800 kg CO2e from Scope 2, and 89,100 kg CO2e from Scope 3. This represents a decrease from 2021, where total emissions were approximately 254,400 kg CO2e, with 13,600 kg CO2e from Scope 1, 174,800 kg CO2e from Scope 2, and 66,000 kg CO2e from Scope 3. Further back, in 2019, the bank's total emissions were approximately 417,500 kg CO2e, consisting of 22,800 kg CO2e from Scope 1, 195,500 kg CO2e from Scope 2, and 199,200 kg CO2e from Scope 3.

Sparebanken Sor has several climate commitments. The bank aims to reduce its Scope 1 and 2 emissions by 10% between 2022 and 2030, in line with the SBTi's decarbonisation trajectory. These Scope 1 and 2 reduction targets are cascaded from Sparebanken Vest due to a merged entity relationship. Additionally, for Scope 3 upstream emissions, Sparebanken Sor targets a 55% reduction by 2030 and aims for net-zero emissions by 2050. This Scope 3 target also applies to total Scope 3 emissions.