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Foeroya Banki P/F

Country
Faroe Islands
Sector
Financial Services
Industry
Banks - Regional
Employees
209
Ticker
FOBANK
Exchange
NASDAQ COPENHAGEN A/S
Description
Føroya Banki, together with its subsidiaries, provides personal and corporate banking services in the Faroe Islands, Denmark, and Greenland. The company operates in two segments, Banking and Non-Life ...

Foeroya Banki P/F's GHG Emissions Data Preview

In 2023, Foeroya Banki P/F completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Foeroya Banki P/F has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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a
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a
0000000
Total Scope 2
Unspecified Calculation Method
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a
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a
0000000
Total Scope 3
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b
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0000000
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Verified Sources Behind Foeroya Banki P/F’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Foeroya Banki P/F’s data sources below and access millions more through our Disclosure Search.

a. Foeroya Banki P/F's Corporate Responsibility Report (CRR) 2023
a. Foeroya Banki P/F's Corporate Responsibility Report (CRR) 2023
b. Foeroya Banki P/F's Corporate Responsibility Report (CRR) 2022
b. Foeroya Banki P/F's Corporate Responsibility Report (CRR) 2022

Insights into Foeroya Banki P/F's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions ofFoeroya Banki P/F amounted to338.7metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Foeroya Banki P/Fincreased by 3.55%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Foeroya Banki P/F's Scope 1 Emissions Over Time

2019202020212022202304080120160tCO2e0%-17%-21%+5%
  • Total Scope 1
  • Year-over-Year Change

What are Foeroya Banki P/F's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Foeroya Banki P/F were 98.3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Foeroya Banki P/F reduced its Scope 1 emissions over time?

Since 2019, Foeroya Banki P/F's Scope 1 emissions have decreased by 31.31%, reflecting a declining long-term trend in Scope 1 emissions over time.a

Compared to the previous year(2022), Foeroya Banki P/F's Scope 1 emissions increased by 4.91%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Foeroya Banki P/F's Scope 2 emissions?

In 2023, Foeroya Banki P/F reported Scope 2 greenhouse gas (GHG) emissions of 240.4 tCOâ‚‚e without specifying the calculation method.a

Has Foeroya Banki P/F reduced its Scope 2 emissions over time?

Since 2019, Foeroya Banki P/F's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have decreased by 16.27%, reflecting a declining long-term trend in Scope 2 emissions over time.a

Compared to the previous year(2022), Foeroya Banki P/F's Scope 2 emissions(Unspecified Calculation Method) have remained relatively stable, indicating that Foeroya Banki P/F's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Foeroya Banki P/F use for Scope 2 reporting?

In 2023, Foeroya Banki P/F reported its Scope 2 emissions using an unspecified methodology.a

Foeroya Banki P/F's Scope 2 Emissions Over Time

20192020202120222023075150225300tCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Foeroya Banki P/F's Value Chain Emissions

In 2023, Foeroya Banki P/F reported 84,930 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2023 disclosure of Foeroya Banki P/F includes a breakdown across 1of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Foeroya Banki P/F's Scope 3 Emissions Over Time

20222023025 k50 k75 k100 ktCO2e-3%
  • Total Scope 3
  • Year-over-Year Change

What are Foeroya Banki P/F's Scope 3 emissions?

In 2023, Foeroya Banki P/F reported total Scope 3 emissions of 84,930 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 0%of these emissions originated from upstream activities such as purchased goods and capital goods, while 100%came from downstream activities like product use, distribution, and end-of-life treatment.a

Compared to the previous year (2022), Foeroya Banki P/F's Scope 3 emissions remained relatively stable, indicating that Foeroya Banki P/F's emissions have plateaued with no significant change in its value chain footprint.ab

What categories of Scope 3 emissions does Foeroya Banki P/F disclose?

In 2023, Foeroya Banki P/F reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Foeroya Banki P/F's Scope 3 emissions?

In 2023, the largest contributors to Foeroya Banki P/F's Scope 3 emissions were:a

  • Investments (Cat. 15): 84,930 tCOâ‚‚e(100%)

Foeroya Banki P/F's Scope 3 Emissions by Categories

Investments(Cat. 15)(100.0%)

Insights into Foeroya Banki P/F's Total Carbon Footprint

In 2023, Foeroya Banki P/F reported a total carbon footprint of 85,268.7 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.09% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.ab

The largest contributor to Foeroya Banki P/F's total carbon footprint was Scope 3 emissions, accounting for 99.6% of the company's total carbon footprint, followed by Scope 2 emissions at 0.28%.a

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