SpareBank 1 Sør-Norge ASA
SpareBank 1 Sør-Norge ASA, commonly referred to as SpareBank 1, is a prominent financial institution headquartered in Norway. Established in 1822, the bank has evolved to serve a diverse clientele across Southern Norway, focusing on retail banking, corporate finance, and insurance services. With a commitment to local communities, SpareBank 1 offers a range of unique products, including tailored mortgage solutions and innovative digital banking services. The bank's strong market position is underscored by its dedication to customer satisfaction and sustainable practices, making it a trusted partner for individuals and businesses alike. Notable achievements include its consistent ranking among the top banks in Norway, reflecting its robust financial performance and community engagement.
DitchCarbon Score
How does SpareBank 1 Sør-Norge ASA'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 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
SpareBank 1 Sør-Norge ASA's score of 27 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SpareBank 1 Sør-Norge ASA's reported carbon emissions
In 2023, SpareBank 1 Sør-Norge ASA reported energy intensity figures of approximately 213 kg CO2e per square metre, although specific total emissions data for Scope 1, 2, and 3 were not disclosed. The bank's emissions data for previous years shows a slight increase in energy intensity, with values of about 203 kg CO2e/m² in 2022 and 233 kg CO2e/m² in 2021. Currently, SpareBank 1 Sør-Norge ASA has not established any formal reduction targets or initiatives, nor have they committed to the Science Based Targets initiative (SBTi). This lack of specified reduction commitments indicates a need for further development in their climate strategy. The bank's focus appears to be on monitoring energy intensity rather than implementing comprehensive emissions reduction strategies. Overall, while the bank is tracking its energy intensity, it has yet to set clear targets for reducing its carbon footprint, which is essential for aligning with industry standards and addressing climate change effectively.
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.
SpareBank 1 Sør-Norge ASA 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.
