Sparebanken Sor
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.
DitchCarbon Score
How does Sparebanken Sor's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Sparebanken Sor's score of 56 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sparebanken Sor's reported carbon emissions
In 2023, Sparebanken Sør reported total carbon emissions of approximately 321,200 kg CO2e. This figure includes 23,600 kg CO2e from Scope 1 emissions, 114,200 kg CO2e from Scope 2, and 183,300 kg CO2e from Scope 3. The bank's emissions have shown a notable increase from 2022, when total emissions were about 297,600 kg CO2e, comprising 26,100 kg CO2e (Scope 1), 105,100 kg CO2e (Scope 2), and 166,400 kg CO2e (Scope 3). Sparebanken Sør's emissions data is cascaded from its parent company, Sparebanken Vest, reflecting a merged entity relationship. Despite the increase in emissions, there are currently no specific reduction targets or climate pledges documented for Sparebanken Sør. The bank continues to disclose its emissions across all three scopes, indicating a commitment to transparency in its environmental impact reporting. Overall, while Sparebanken Sør has not set formal reduction targets, it remains engaged in monitoring and reporting its carbon footprint as part of its sustainability efforts.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 332,000 | 000,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 3,332,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 1,463,000 | 0,000,000 | 000,000 | 00,000 | 00,000 | 000,000 | 000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Sparebanken Sor is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
