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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.
47
DitchCarbon score
+10 vs industry average
Sparebanken Sor’s score of 47 is higher than 61% 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
Very Low
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Services Auxiliary to Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2025
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Sparebanken Sor's reported carbon emissions
Sparebanken Sor did not disclose emissions data for 2023. In 2022, the financial services company reported total 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. This represents a decrease from 2021, when total emissions were approximately 254,400 kg CO2e. Looking further back, in 2018, Sparebanken Sor's total emissions were significantly higher at approximately 4,764,000 kg CO2e.
Sparebanken Sor has set long-term net-zero targets. The company aims for a 55% reduction in Scope 3 upstream emissions by 2030, with a net-zero target for Scope 3 upstream and total Scope 3 emissions by 2050. These targets are based on a 2023 baseline.
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Sparebanken Sor’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Inherited from Sparebanken VestSee details
Not active
Carbon Disclosure Project
Inherited from Sparebanken VestSee details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
Inherited from Sparebanken VestSee details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Sparebanken Sor23 days ago
47
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