Sparebanken Sor

Sparebanken Sør, headquartered in Norway and operating within the Services auxiliary to financial intermediation industry, has disclosed its carbon emissions for several years. In 2022, the bank reported total emissions of approximately 232,100 kg CO2e, comprising approximately 11,300 kg CO2e for Scope 1, approximately 131,800 kg CO2e for Scope 2, and approximately 89,100 kg CO2e for Scope 3. For 2021, total emissions were approximately 254,400 kg CO2e, with Scope 1 at approximately 13,600 kg CO2e, Scope 2 at approximately 174,800 kg CO2e, and Scope 3 at approximately 66,000 kg CO2e. In 2020, total emissions were approximately 273,000 kg CO2e, including Scope 1 at approximately 19,000 kg CO2e, Scope 2 at approximately 181,300 kg CO2e, and Scope 3 at approximately 72,700 kg CO2e.

The bank's climate commitments include a target to reduce its scope 1 and 2 emissions by 10.0% by 2030, aligned with the Science Based Targets initiative's (SBTi) decarbonisation trajectory, with a starting point of 2022. Furthermore, Sparebanken Sør aims for net-zero emissions for its scope 3 upstream activities by 2050, with an interim target of a 55% reduction by 2030.

It is important to note that Sparebanken Sør's data and targets are cascaded from Sparebanken Vest, which is identified as the source organization for SBTi initiatives and a merged entity within the corporate family. The most recent reporting year for which specific emissions data was provided is 2022. No emissions data is available for 2023.