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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.
+16 vs industry average
Sparebanken Sor’s score of 53 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
The Services Auxiliary to Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
Sparebanken Sor did not disclose carbon emissions data for 2023.
In 2022, Sparebanken Sor's total reported carbon emissions were 232,100 kg CO2e. This included 11,300 kg CO2e from Scope 1 emissions, 131,800 kg CO2e from Scope 2 emissions, and 89,100 kg CO2e from Scope 3 emissions.
This represents a reduction from 2021, where total reported emissions were 254,400 kg CO2e (13,600 kg CO2e Scope 1, 174,800 kg CO2e Scope 2, and 66,000 kg CO2e Scope 3). In 2020, total reported emissions were 273,000 kg CO2e (19,000 kg CO2e Scope 1, 181,300 kg CO2e Scope 2, and 72,700 kg CO2e Scope 3). Further back, in 2019, total reported emissions were 417,500 kg CO2e (22,800 kg CO2e Scope 1, 195,500 kg CO2e Scope 2, and 199,200 kg CO2e Scope 3). In 2018, total reported emissions were 4,764,000 kg CO2e (332,000 kg CO2e Scope 1, 2,935,000 kg CO2e Scope 2, and 1,497,000 kg CO2e Scope 3). In 2017, total reported emissions were 5,127,000 kg CO2e (332,000 kg CO2e Scope 1, 3,332,000 kg CO2e Scope 2, and 1,463,000 kg CO2e Scope 3).
Sparebanken Sor has set a long-term net-zero target for Scope 3 upstream emissions by 2050, with an interim target of a 55% reduction by 2030. This 55% reduction by 2030 and net-zero by 2050 target also applies to total Scope 3 emissions.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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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