Sparebanken Vest
Sparebanken Vest, a prominent Norwegian financial institution, is headquartered in Bergen, Norway. Established in 1823, it has evolved into a key player in the banking sector, primarily serving the western regions of Norway. The bank offers a comprehensive range of services, including personal banking, corporate financing, and investment solutions, distinguished by its commitment to customer-centric service and local expertise. With a strong focus on sustainability and community engagement, Sparebanken Vest has achieved notable milestones, including recognition for its innovative digital banking solutions. As a leading regional bank, it holds a significant market position, catering to both individual and business clients while prioritising responsible banking practices.
DitchCarbon Score
How does Sparebanken Vest'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 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 Vest's score of 67 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Sparebanken Vest's reported carbon emissions
In 2023, Sparebanken Vest reported total carbon emissions of approximately 1,789,343,000 kg CO2e. This figure includes 7,000 kg CO2e from Scope 1 emissions, 1,000 kg CO2e from Scope 2, and a significant 1,789,335,000 kg CO2e from Scope 3 emissions. Over the past few years, the bank has shown a trend of decreasing emissions in Scope 1 and 2, with Scope 1 emissions dropping from 13,000 kg CO2e in 2021 to 7,000 kg CO2e in 2023, and Scope 2 emissions decreasing from 2,000 kg CO2e in 2021 to 1,000 kg CO2e in 2023. However, Scope 3 emissions remain substantially high, indicating a need for further action in this area. Sparebanken Vest has committed to achieving net-zero emissions across all scopes by 2050, as part of its long-term climate strategy. This commitment aligns with the Science Based Targets initiative (SBTi), which the bank joined in February 2022. The bank's near-term targets are currently classified as "Committed," with a deadline to submit specific reduction targets by February 2024. Overall, while Sparebanken Vest has made progress in reducing its direct emissions, the substantial Scope 3 emissions highlight the ongoing challenges in addressing the full impact of its operations on climate change.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | 00,000 | 00,000 | 0,000 |
| Scope 2 | - | 0,000 | 0,000 | 0,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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 Vest is committed to some reduction initiatives 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.
