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 Insurance Services 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 45 is higher than 92% 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 Vest's reported carbon emissions
In 2020, Sparebanken Vest reported total carbon emissions of approximately 80,200 kg CO2e, encompassing Scope 1 and Scope 2 emissions. The bank has made significant strides in its climate commitments, having set a target in 2018 to reduce its climate footprint by 50% by 2025. Remarkably, this goal was already achieved in 2020, as confirmed by climate accounts prepared by Cemasys. Looking ahead, Sparebanken Vest is committed to long-term climate action, having pledged to reach net-zero emissions across all scopes by 2050. This commitment aligns with the Science Based Targets initiative (SBTi), which the bank joined as a member of the BA1.5 group, indicating its dedication to ambitious climate goals. Overall, Sparebanken Vest's proactive approach to reducing its carbon emissions and its commitment to net-zero emissions reflect its leadership in the financial sector's response to climate change.
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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 participating in some 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.
