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Sparebank 1 SMN
Sparebank 1 SMN's GHG Emissions Data Preview
In 2024, Sparebank 1 SMN 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 SMN has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data. b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. b | Copy restricted. Please purchase to unlock this data. b | 0000000 |
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bVerified Sources Behind Sparebank 1 SMN’s Greenhouse Gas (GHG) Emissions Data
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Insights into Sparebank 1 SMN's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofSparebank 1 SMN amounted to835metric 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 SMNincreased by 449.34%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
Sparebank 1 SMN's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Sparebank 1 SMN's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Sparebank 1 SMN were 3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
What are Sparebank 1 SMN's Scope 2 emissions?
In 2024, Sparebank 1 SMN reported Scope 2 greenhouse gas (GHG) emissions of 2,503 tCOâ‚‚e using the market-based method and 832 tCOâ‚‚e using the location-based method.a
Has Sparebank 1 SMN reduced its Scope 2 emissions over time?
Since 2019, Sparebank 1 SMN's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 757.73%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), Sparebank 1 SMN's Scope 2 emissions(Location-Based) rose by 447.37% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
What methodology does Sparebank 1 SMN use for Scope 2 reporting?
In 2024, Sparebank 1 SMN reported its Scope 2 emissions using the market-based method and using the location-based method.a
Sparebank 1 SMN's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Sparebank 1 SMN's Value Chain Emissions
In 2024, Sparebank 1 SMN reported 3,647,983 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 SMN includes a breakdown across 10of the 15 Scope 3 categories defined by the GHG Protocol,up from 6 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Sparebank 1 SMN's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Sparebank 1 SMN's Scope 3 emissions?
In 2024, Sparebank 1 SMN reported total Scope 3 emissions of 3,647,983 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 0.64%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.36%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Sparebank 1 SMN reduced its Scope 3 emissions over time?
Since 2019, Sparebank 1 SMN's Scope 3 emissionshave increased by 16,325.7%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Sparebank 1 SMN's Scope 3 emissions increased by 246.66%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
What categories of Scope 3 emissions does Sparebank 1 SMN disclose?
In 2024, Sparebank 1 SMN reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Sparebank 1 SMN's Scope 3 emissions?
In 2024, the largest contributors to Sparebank 1 SMN's Scope 3 emissions were:a
- Investments (Cat. 15): 3,593,521 tCOâ‚‚e(98.51%)
- Downstream Leased Assets (Cat. 13): 31,227 tCOâ‚‚e(0.86%)
- Purchased Goods and Services (Cat. 1): 16,934 tCOâ‚‚e(0.46%)
Sparebank 1 SMN's Scope 3 Emissions by Categories
Insights into Sparebank 1 SMN’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Sparebank 1 SMN reported Scope 1 greenhouse gas (GHG) emissions of 3 tCOâ‚‚e and total revenues of USD 698 millions. This translates into an emissions intensity of 0 tCOâ‚‚e per millions USD.a
Sparebank 1 SMN's Scope 1 Emissions Intensity Compared to Peers
How does Sparebank 1 SMN's GHG emissions intensity compare to its peers?
In 2024, Sparebank 1 SMN reported a Scope 1 emissions intensity of 0 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.98, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Sparebank 1 SMN rank on GHG emissions intensity within its industry?
In 2024, Sparebank 1 SMN ranked 1 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Sparebank 1 SMN among the top performers, with one of the lowest emissions intensities relative to peers.a
Insights into Sparebank 1 SMN's Total Carbon Footprint
In 2024, Sparebank 1 SMN reported a total carbon footprint of 3,648,818 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 246.69% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Sparebank 1 SMN's total carbon footprint was Scope 3 emissions, accounting for 99.98% of the company's total carbon footprint, followed by Scope 2 emissions at 0.02%.a