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 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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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions 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 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).

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.

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).

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.

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.

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.

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.

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.

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.

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.

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

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).

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.

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.

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.

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.

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:

  • 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 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.

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%.

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