Sparebank 1 Ostlandet

Country
Norway
Sector
Financial Services
Industry
Banks - Regional
Employees
1,300
Ticker
SPOL
Exchange
OSLO BORS
Description
SpareBank 1 Østlandet is a regional bank based in Norway, functioning as a key player in the Norwegian financial services sector. Its primary purpose is to provide comprehensive banking solutions, inc...

Sparebank 1 Ostlandet's Climate Target Data Preview

As of 2024, Sparebank 1 Ostlandet has disclosed 22 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 14 absolute reduction targets and 8 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Sparebank 1 Ostlandet ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2024
Absolute-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2024
Absolute-based Target*
Scope 1 - Mobile Combustion, Scope 2 - Total, Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2024
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2024
Absolute-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2025
Absolute-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2025
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2025
Absolute-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Absolute-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Absolute-based Target
Scope 3 - Waste Generated in Operations (Cat. 5)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2050
Absolute-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2050
Absolute-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2050
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2050
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Norwegian Krone (NOK) of Loan Ammount
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2024
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Norwegian Krone (NOK) of Loan Ammount
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2024
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Norwegian Krone (NOK) of Loan Ammount
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2025
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Norwegian Krone (NOK) of Loan Ammount
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2025
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Norwegian Krone (NOK) of Loan Ammount
Copy restricted. Please purchase to unlock this data.
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Norwegian Krone (NOK) of Loan Ammount
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2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Norwegian Krone (NOK) of Loan Ammount
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2050
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Norwegian Krone (NOK) of Loan Ammount
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2050
* This target is limited in scope and does not represent the company's full operational or organizational boundaries

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Sparebank 1 Ostlandet's Greenhouse Gas Emissions Pathways

As of 2024, Sparebank 1 Ostlandet has set greenhouse gas (GHG) emissions reduction targets that cover its value chain emissions (Scope 3), without dedicated targets for its operational emissions. This indicates a focus on upstream and downstream climate impacts rather than internal operations.

Does Sparebank 1 Ostlandet have a target to reduce the emissions from its value chain?

As of 2024, Sparebank 1 Ostlandet has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

Sparebank 1 Ostlandet's most ambitious value chain target is to reduce these emissions by 90.5% by 2050, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Norwegian Krone (NOK) of Loan Ammount in 2020.

Sparebank 1 Ostlandet's Value Chain (Scope 3) Emissions Pathway

2020202420252030205000000BaselineTarget 2025 (-23%)Target 2030 (-38%)Target 2050 (-90%)

Does Sparebank 1 Ostlandet have a target to reduce its total carbon footprint?

As of 2024, Sparebank 1 Ostlandet has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.

Sparebank 1 Ostlandet's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 847.8 Metric Tonnes of CO2 equivalent (mtCO2e) in 2020, by 90% by 2050.

Instead of reducing total carbon footprint, Sparebank 1 Ostlandet has increased them, with 2024 levels exceeding those of the 2020 baseline, placing the company well behind its reduction target.

Sparebank 1 Ostlandet's Carbon Footprint (Scope 1+2+3) Emissions Pathway

20202024202420252030205003 k6 k9 k12 kBaselineCurrent (+1,259%)Target 2025 (-23%)Target 2030 (-38%)Target 2050 (-90%)
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