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 69 is higher than 86% 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 2024, Sparebanken Vest reported total carbon emissions of approximately 179,300 kg CO2e. This includes Scope 1 emissions of about 10,500 kg CO2e, Scope 2 emissions of approximately 125,400 kg CO2e, and significant Scope 3 emissions totalling around 108,000 kg CO2e, with business travel contributing about 1,214,000 kg CO2e and waste generated in operations accounting for approximately 99,000 kg CO2e. The bank has made notable climate commitments, having set a target in 2018 to reduce its own climate footprint by 50% by 2025, a goal that was already achieved in 2020. Additionally, Sparebanken Vest aims to reduce its Scope 1 and 2 emissions by 10% according to the Science Based Targets initiative (SBTi) decarbonisation trajectory by 2030. Furthermore, the bank has committed to a 55% reduction in its climate emissions from 2017 levels by 2030. Looking towards the future, Sparebanken Vest has set a long-term goal of achieving net-zero emissions by 2050, demonstrating its commitment to sustainability and climate action within the financial sector.
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| 2020 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | - | - | - | 00,000 |
| Scope 2 | - | 000,000 | 0,000,000 | 000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | 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 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.
