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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 13.7a | 4.3a | N/A | |
Total Scope 2 | ||||
Market-Based | 1,151.1a | 1,120a | N/A | |
Location-Based | 252.5a | 594.5a | N/A | |
Total Scope 3 | 2,018,195.11a | 866,565.19a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0247a | 0.0082a | N/A |
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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
In 2024, the total Scope 1 emissions of Sparebank 1 Ostlandet were 13.7 metric tons of CO₂ equivalent (tCO₂e).a
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
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
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
In 2024, Sparebank 1 Ostlandet reported its Scope 2 emissions using the market-based method and using the location-based method.a
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 chaina
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
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
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.
In 2024, the largest contributors to Sparebank 1 Ostlandet's Scope 3 emissions were:a
In 2024, Sparebank 1 Ostlandet reported Scope 1 greenhouse gas (GHG) emissions of 13.7 tCO₂e and total revenues of USD 555 millions. This translates into an emissions intensity of 0.02 tCO₂e per millions USD.a
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 0.35, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Sparebank 1 Ostlandet ranked 5 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
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