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Sparebank 1 Ostlandet

Country
Norway
Sector
Financial Services
Industry
Banks - Regional
Employees
1,345
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 GHG Emissions Data Preview

In 2024, Sparebank 1 Ostlandet 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).

Sparebank 1 Ostlandet has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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0000000
Total Scope 2
Market-Based
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a
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a
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0000000
Location-Based
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a
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a
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0000000
Total Scope 3
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a
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a
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Sparebank 1 Ostlandet’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 Sparebank 1 Ostlandet’s data sources below and access millions more through our Disclosure Search.

a. Sparebank 1 Ostlandet's Annual Report 2024
a. Sparebank 1 Ostlandet's Annual Report 2024

Insights into Sparebank 1 Ostlandet's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofSparebank 1 Ostlandet amounted to266.2metric 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 2023, the total operational greenhouse gas (GHG) emissions of Sparebank 1 Ostlandetdecreased by 55.54%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Sparebank 1 Ostlandet's Scope 1 Emissions Over Time

2020202320240481216tCO2e-69%+219%
  • Total Scope 1
  • Year-over-Year Change

What are Sparebank 1 Ostlandet's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Sparebank 1 Ostlandet were 13.7 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Sparebank 1 Ostlandet reduced its Scope 1 emissions over time?

Since 2020, Sparebank 1 Ostlandet's Scope 1 emissions have remained relatively, stable, indicating that Sparebank 1 Ostlandet's emissions have plateaued with no significant change in its operational footprint.a

Compared to the previous year(2023), Sparebank 1 Ostlandet's Scope 1 emissions increased by 218.6%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Sparebank 1 Ostlandet's Scope 2 emissions?

In 2024, Sparebank 1 Ostlandet reported Scope 2 greenhouse gas (GHG) emissions of 1,151.1 tCOâ‚‚e using the market-based method and 252.5 tCOâ‚‚e using the location-based method.a

Has Sparebank 1 Ostlandet reduced its Scope 2 emissions over time?

Since 2020, Sparebank 1 Ostlandet's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 64.01%, reflecting a declining long-term trend in Scope 2 emissions over time.a

Compared to the previous year(2023), Sparebank 1 Ostlandet's Scope 2 emissions(Location-Based) fell by 57.53% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a

What methodology does Sparebank 1 Ostlandet use for Scope 2 reporting?

In 2024, Sparebank 1 Ostlandet reported its Scope 2 emissions using the market-based method and using the location-based method.a

Sparebank 1 Ostlandet's Scope 2 Emissions Over Time

20202023202403006009001.2 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Sparebank 1 Ostlandet's Value Chain Emissions

In 2024, Sparebank 1 Ostlandet reported 2,018,195.11 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 2024 disclosure of Sparebank 1 Ostlandet includes a breakdown across 6of the 15 Scope 3 categories defined by the GHG Protocol,up from 3 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Sparebank 1 Ostlandet's Scope 3 Emissions Over Time

2020202320240550 k1.1 M1.65 M2.2 MtCO2e+257%+133%
  • Total Scope 3
  • Year-over-Year Change

What are Sparebank 1 Ostlandet's Scope 3 emissions?

In 2024, Sparebank 1 Ostlandet reported total Scope 3 emissions of 2,018,195.11 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 0.56%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.44%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Sparebank 1 Ostlandet reduced its Scope 3 emissions over time?

Since 2020, Sparebank 1 Ostlandet's Scope 3 emissionshave increased by 730.58%, reflecting a rising long-term trend in Scope 3 emissions over time.a

Compared to the previous year (2023), Sparebank 1 Ostlandet's Scope 3 emissions increased by 132.9%, suggesting that the company faced challenges in reducing emissions across its value chain.a

What categories of Scope 3 emissions does Sparebank 1 Ostlandet disclose?

In 2024, Sparebank 1 Ostlandet reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Sparebank 1 Ostlandet's Scope 3 emissions?

In 2024, the largest contributors to Sparebank 1 Ostlandet's Scope 3 emissions were:a

  • Investments (Cat. 15): 2,006,940.7 tCOâ‚‚e(99.44%)
  • Purchased Goods and Services (Cat. 1): 9,175.6 tCOâ‚‚e(0.45%)
  • Employee Commuting (Cat. 7): 1,633 tCOâ‚‚e(0.08%)

Sparebank 1 Ostlandet's Scope 3 Emissions by Categories

Investments(Cat. 15)(99.4%)

Insights into Sparebank 1 Ostlandet’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Sparebank 1 Ostlandet reported Scope 1 greenhouse gas (GHG) emissions of 13.7 tCOâ‚‚e and total revenues of USD 559 millions. This translates into an emissions intensity of 0.02 tCOâ‚‚e per millions USD.a

Sparebank 1 Ostlandet's Scope 1 Emissions Intensity Compared to Peers

0.5201,00020,0001,000,000Scope 1 Emissions (tCO2e)502001,0005,00020,000Revenues (Millions of USD)OSNSSparebank 1 SMNYear: 2024Scope 1: 3 tCO2eRevenue: $M 698Scope 1 Intensity: 0.00 tCO2e/$MSouth Indian BankYear: 2023Scope 1: 201 tCO2eRevenue: $M 482Scope 1 Intensity: 0.42 tCO2e/$MOOOptima BankYear: 2024Scope 1: 128 tCO2eRevenue: $M 265Scope 1 Intensity: 0.48 tCO2e/$MGrupo SecurityYear: 2023Scope 1: 140 tCO2eRevenue: $M 1,647Scope 1 Intensity: 0.09 tCO2e/$MBank Pan IndonesiaYear: 2024Scope 1: 270,110 tCO2eRevenue: $M 639Scope 1 Intensity: 422.89 tCO2e/$MSparebank 1 Sor-NorgeYear: 2023Scope 1: 28 tCO2eRevenue: $M 833Scope 1 Intensity: 0.03 tCO2e/$MTISCO Financial GroupYear: 2023Scope 1: 311,144 tCO2eRevenue: $M 580Scope 1 Intensity: 536.50 tCO2e/$MSSSparebanken MoreYear: 2024Scope 1: 4 tCO2eRevenue: $M 212Scope 1 Intensity: 0.02 tCO2e/$MBanque Cantonale du ValaisYear: 2023Scope 1: 259 tCO2eRevenue: $M 343Scope 1 Intensity: 0.76 tCO2e/$MAmalgamated FinancialYear: 2023Scope 1: 72 tCO2eRevenue: $M 286Scope 1 Intensity: 0.25 tCO2e/$MMBSBYear: 2023Scope 1: 41 tCO2eRevenue: $M 226Scope 1 Intensity: 0.18 tCO2e/$MGraubuendner KantonalbankYear: 2024Scope 1: 187 tCO2eRevenue: $M 564Scope 1 Intensity: 0.33 tCO2e/$MAlliance Bank MalaysiaYear: 2024Scope 1: 26 tCO2eRevenue: $M 428Scope 1 Intensity: 0.06 tCO2e/$MFEIBYear: 2023Scope 1: 307 tCO2eRevenue: $M 414Scope 1 Intensity: 0.74 tCO2e/$MBanque Cantonale de GeneveYear: 2023Scope 1: 282 tCO2eRevenue: $M 712Scope 1 Intensity: 0.40 tCO2e/$MNNNorion BankYear: 2024Scope 1: 1 tCO2eRevenue: $M 333Scope 1 Intensity: 0.00 tCO2e/$MDah Sing Banking GroupYear: 2023Scope 1: 95 tCO2eRevenue: $M 757Scope 1 Intensity: 0.13 tCO2e/$MPacific Premier BancorpYear: 2023Scope 1: 514 tCO2eRevenue: $M 409Scope 1 Intensity: 1.26 tCO2e/$MSSSparebank 1 Ringerike HadelandYear: 2019Scope 1: 7 tCO2eRevenue: $M 89Scope 1 Intensity: 0.08 tCO2e/$MBannerYear: 2024Scope 1: 1,190 tCO2eRevenue: $M 603Scope 1 Intensity: 1.97 tCO2e/$MDNB BankYear: 2024Scope 1: 67 tCO2eRevenue: $M 7,456Scope 1 Intensity: 0.01 tCO2e/$MKiatnakin Phatra BankYear: 2023Scope 1: 3,406 tCO2eRevenue: $M 747Scope 1 Intensity: 4.56 tCO2e/$MBanco ABC BrasilYear: 2024Scope 1: 39 tCO2eRevenue: $M 396Scope 1 Intensity: 0.10 tCO2e/$MHong Leong Financial GroupYear: 2025Scope 1: 238 tCO2eRevenue: $M 1,681Scope 1 Intensity: 0.14 tCO2e/$MSparebank 1 OstlandetYear: 2024Scope 1: 14 tCO2eRevenue: $M 559Scope 1 Intensity: 0.02 tCO2e/$M

How does Sparebank 1 Ostlandet's GHG emissions intensity compare to its peers?

In 2024, Sparebank 1 Ostlandet reported a Scope 1 emissions intensity of 0.02 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.22, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Sparebank 1 Ostlandet rank on GHG emissions intensity within its industry?

In 2024, Sparebank 1 Ostlandet ranked 5 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Sparebank 1 Ostlandet among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into Sparebank 1 Ostlandet's Total Carbon Footprint

In 2024, Sparebank 1 Ostlandet reported a total carbon footprint of 2,018,461.31 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 132.77% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Sparebank 1 Ostlandet's total carbon footprint was Scope 3 emissions, accounting for 99.99% of the company's total carbon footprint, followed by Scope 2 emissions at 0.01%.a

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