Sparebanken Sør, a prominent financial institution based in Norway, has been serving its customers since its establishment in 1822. Headquartered in Kristiansand, the bank operates primarily in the southern regions of Norway, providing a range of banking services tailored to both personal and business clients.
As a key player in the Norwegian banking industry, Sparebanken Sør offers unique products such as competitive mortgage solutions, savings accounts, and comprehensive investment services. The bank is renowned for its commitment to local communities and sustainable banking practices, which set it apart from competitors.
With a strong market position, Sparebanken Sør has achieved notable milestones, including significant growth in customer base and assets under management, reinforcing its reputation as a trusted financial partner in the region.
+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
In 2022, Sparebanken Sør reported total carbon 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 emissions. The bank has set ambitious climate commitments, aiming for a 10% reduction in Scope 1 and 2 emissions by 2030, in line with the Science Based Targets initiative (SBTi) decarbonisation trajectory. Additionally, Sparebanken Sør targets a 55% reduction in Scope 3 upstream emissions by 2030, with a goal of achieving net-zero emissions by 2050. The emissions data for Sparebanken Sør is cascaded from its parent organization, Sparebanken Vest, which provides the framework for its climate initiatives. The bank's commitment to sustainability is reflected in its ongoing efforts to monitor and reduce its carbon footprint, aligning with industry standards for climate action.
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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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