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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0000000
Total Scope 2
Unspecified Calculation Method
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0000000
Total Scope 3
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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 of Foeroya Banki P/F amounted to 338.7 metric 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/F increased 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 CO₂ equivalent (tCO₂e). 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 tCO₂e 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 CO₂ equivalent (tCO₂e) 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 1 of 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 CO₂ equivalent (tCO₂e). 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. a b

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 tCO₂e (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 CO₂ equivalent (tCO₂e) 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. a b

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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