Sparebank 1 Ostlandet

Country
Norway
Sector
Financial Services
Industry
Banks - Regional
Employees
1,342
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

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a. Sparebank 1 Ostlandet's Annual Report 2024
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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 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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