Sparebanken Sor

Sparebanken Sør, headquartered in Norway and operating in the services auxiliary to financial intermediation sector, has reported significant greenhouse gas (GHG) emissions across its operations. For the year 2022, the bank reported a total of approximately 232,100 kg CO2e. This total comprised approximately 11,300 kg CO2e for Scope 1 emissions, approximately 131,800 kg CO2e for Scope 2 emissions, and approximately 89,100 kg CO2e for Scope 3 emissions. In 2021, their total emissions were approximately 254,400 kg CO2e, with Scope 1 at roughly 13,600 kg CO2e, Scope 2 at approximately 174,800 kg CO2e, and Scope 3 at around 66,000 kg CO2e.

The organisation is committed to climate action through several reduction targets. Notably, Sparebanken Sør aims to reduce its Scope 1 and 2 emissions by 10.0% by 2030, following the Science Based Targets initiative's (SBTi) decarbonisation trajectory. Additionally, the bank has set a target for a 55% reduction in Scope 3 upstream emissions by 2030, with an overarching goal of achieving net-zero emissions by 2050 across its Scope 3 upstream activities.

It is important to note that Sparebanken Sør's reported emissions data is part of a merged entity and emissions data for Scope 1 and 2 is cascaded from its parent organisation, Sparebanken Sør.