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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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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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 of Sparebank 1 Ostlandet amounted to 266.2 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 2023, the total operational greenhouse gas (GHG) emissions of Sparebank 1 Ostlandet decreased 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 CO₂ equivalent (tCO₂e). 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 tCO₂e using the market-based method and 252.5 tCO₂e 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 CO₂ equivalent (tCO₂e) 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 6 of 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 chain a

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 CO₂ equivalent (tCO₂e). 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 emissions have 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 tCO₂e (99.44%)
  • Purchased Goods and Services (Cat. 1): 9,175.6 tCO₂e (0.45%)
  • Employee Commuting (Cat. 7): 1,633 tCO₂e (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 tCO₂e and total revenues of USD 559 millions. This translates into an emissions intensity of 0.02 tCO₂e per millions USD. a

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

51002,00050,0001,000,000Scope 1 Emissions (tCO2e)1002001,0005,00020,000Revenues (Millions of USD)KVestjysk BankYear: 2023Scope 1: 123 tCO2eRevenue: $M 323Scope 1 Intensity: 0.38 tCO2e/$MKKKing's Town BankYear: 2023Scope 1: 304 tCO2eRevenue: $M 320Scope 1 Intensity: 0.95 tCO2e/$MBank MegaYear: 2024Scope 1: 1,553 tCO2eRevenue: $M 387Scope 1 Intensity: 4.02 tCO2e/$MSouth Indian BankYear: 2023Scope 1: 201 tCO2eRevenue: $M 482Scope 1 Intensity: 0.42 tCO2e/$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: $M 833Scope 1 Intensity: 0.03 tCO2e/$MTSKBYear: 2023Scope 1: 343 tCO2eRevenue: $M 475Scope 1 Intensity: 0.72 tCO2e/$MAmalgamated FinancialYear: 2023Scope 1: 72 tCO2eRevenue: $M 286Scope 1 Intensity: 0.25 tCO2e/$MO-BankYear: 2023Scope 1: 287 tCO2eRevenue: $M 304Scope 1 Intensity: 0.94 tCO2e/$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: $M 712Scope 1 Intensity: 0.40 tCO2e/$MPacific Premier BancorpYear: 2023Scope 1: 514 tCO2eRevenue: $M 409Scope 1 Intensity: 1.26 tCO2e/$MKarnataka BankYear: 2024Scope 1: 17 tCO2eRevenue: $M 556Scope 1 Intensity: 0.03 tCO2e/$MBannerYear: 2023Scope 1: 1,254 tCO2eRevenue: $M 616Scope 1 Intensity: 2.04 tCO2e/$MDNB BankYear: 2024Scope 1: 67 tCO2eRevenue: $M 7,456Scope 1 Intensity: 0.01 tCO2e/$MAlandsbanken AbpYear: 2023Scope 1: 5 tCO2eRevenue: $M 224Scope 1 Intensity: 0.02 tCO2e/$MKiatnakin Phatra BankYear: 2023Scope 1: 3,406 tCO2eRevenue: $M 747Scope 1 Intensity: 4.56 tCO2e/$MBanco ABC BrasilYear: 2023Scope 1: 73 tCO2eRevenue: $M 466Scope 1 Intensity: 0.16 tCO2e/$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 tCO₂e per millions USD. Compared to the peer group median of 0.38 , 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 3 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e 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 CO₂ equivalent (tCO₂e) 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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