Sparebanken Sør, a prominent player in the financial services sector, is headquartered in Kristiansand, Norway. Established in 1822, the bank has evolved significantly, focusing on services auxiliary to financial intermediation. With a strong presence in Southern Norway, Sparebanken Sør offers a range of financial products, including loans, savings accounts, and investment services, tailored to meet the diverse needs of its clientele.
What sets Sparebanken Sør apart is its commitment to local communities and sustainable banking practices, fostering long-term relationships with customers. The bank has achieved notable milestones, including recognition for its customer service excellence and innovative financial solutions. As a trusted financial partner, Sparebanken Sør continues to strengthen its market position, contributing to the economic growth of the regions it serves.
+11 vs industry average
Sparebanken Sor’s score of 47 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Services Auxiliary to Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2025
Reported emissions
Scope 3 accounts for ••• of total emissions.
Sparebanken Sor's reported carbon emissions
Sparebanken Sør, based in NO and operating in financial intermediation services, has reported emissions data for several years. In 2022, the bank's total emissions were approximately 232,100 kg CO2e, comprising about 11,300 kg CO2e in Scope 1, approximately 131,800 kg CO2e in Scope 2, and roughly 89,100 kg CO2e in Scope 3. The following year, 2023, saw no specific emissions data disclosed. The bank has established climate commitments, including a target to reduce its Scope 1 and 2 emissions by 10.0% by 2030, aligning with the Science Based Targets initiative (SBTi)'s decarbonisation trajectory. Furthermore, Sparebanken Sør aims for a 55% reduction in Scope 3 upstream emissions by 2030 and aims to achieve net-zero emissions by 2050. It is important to note that Sparebanken Sør's emissions data and targets are cascaded from Sparebanken Vest, where Sparebanken Sør is considered a merged entity at cascade level 1.
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Sparebanken Sor’s Climate Goals (2030 & 2050)
4 goals2050
55% reduction in scope 3 upstream
Scope 3 upstream: 55% reduction by 2030 and net-zero by 2050
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Sparebanken Sor
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