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 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 3a | 0b | 0b | |
Total Scope 2 | ||||
Market-Based | 2,503a | 2,287b | 2,092b | |
Location-Based | 832a | 152b | 131b | |
Total Scope 3 | 3,647,983a | 1,052,329b | 979,568b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0043a | 0b | 0b |
You are welcome to quote or reference individual data points from this page, provided you include the following attribution with a visible, clickable link to this page: "Source: Tracenable, the global reference for ESG data"
Bulk collection, scraping, resale, or redistribution of data across multiple company profiles is not permitted without our prior written permission. For more information, see our General Terms and Conditions.
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.
In 2024, the total operational greenhouse gas (GHG) emissions of Sparebank 1 SMN amounted to 835 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 SMN increased by 449.34%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Sparebank 1 SMN were 3 metric tons of CO₂ equivalent (tCO₂e).a
In 2024, Sparebank 1 SMN reported Scope 2 greenhouse gas (GHG) emissions of 2,503 tCO₂e using the market-based method and 832 tCO₂e using the location-based method.a
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
In 2024, Sparebank 1 SMN reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Sparebank 1 SMN reported 3,647,983 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 SMN includes a breakdown across 10 of 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
In 2024, Sparebank 1 SMN reported total Scope 3 emissions of 3,647,983 metric tons of CO₂ equivalent (tCO₂e).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
Since 2019, Sparebank 1 SMN's Scope 3 emissions have 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
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.
In 2024, the largest contributors to Sparebank 1 SMN's Scope 3 emissions were:a
In 2024, Sparebank 1 SMN reported Scope 1 greenhouse gas (GHG) emissions of 3 tCO₂e and total revenues of USD 698 millions. This translates into an emissions intensity of 0 tCO₂e per millions USD.a
In 2024, Sparebank 1 SMN reported a Scope 1 emissions intensity of 0 tCO₂e per millions USD. Compared to the peer group median of 0.3, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Sparebank 1 SMN ranked 2 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 SMN among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Sparebank 1 SMN reported a total carbon footprint of 3,648,818 metric tons of CO₂ equivalent (tCO₂e) 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