Sparebank 1 Sor-Norge ASA
Common Name
Sparebank 1 Sor-Norge
Country
Norway
Sector
Financial Services
Industry
Banks - Regional
Employees
2,302
Ticker
SB1NO
Exchange
OSLO BORS
Website
www.sparebank1.noDescription
SpareBank 1 Sør-Norge ASA is one of Norway's largest savings banks, operating as a comprehensive financial group serving southern Norway. Formed on October 1, 2024, through the merger of SpareBank 1 S... SpareBank 1 Sør-Norge ASA is one of Norway's largest savings banks, operating as a comprehensive financial group serving southern Norway. Formed on October 1, 2024, through the merger of SpareBank 1 SR-Bank and SpareBank 1 Sørøst-Norge, it maintains headquarters in Stavanger with 36 offices spanning Vestland, Rogaland, Agder, Telemark, Vestfold, Buskerud, and the Oslo area. As part of the nationwide SpareBank 1 alliance, it provides a wide array of services including banking, accounting, real estate brokerage via EiendomsMegler 1 Sør-Norge, insurance, asset management, leasing, and financing to retail customers, businesses, SMEs, agriculture, and organizations. With over 2,300 employees, the bank emphasizes community development, sustainable practices, and counteracting social exclusion. Its subsidiaries support specialized offerings, while strong financial metrics such as a 18.63% Common Equity Tier 1 ratio and targets for over 14% return on equity underscore its market position as the second-largest Norwegian-owned financial institution.
Sparebank 1 Sor-Norge's Climate Target Data Preview
As of 2024, Sparebank 1 Sor-Norge has disclosed 6 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 4 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Sparebank 1 Sor-Norge's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a, b | 2028 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | Copy/Paste is a PRO feature.  b | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Ton-Nautical Mile (TNM) | Copy/Paste is a PRO feature.  b | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Norwegian Krone (NOK) of Loan Ammount | Copy/Paste is a PRO feature.  b | 2050 |
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
Limited Data Preview
You are viewing a limited preview of Sparebank 1 Sor-Norge’s Climate Target dataset. The full dataset, available for download, includes detailed baseline information for both absolute and intensity targets, along with reported progress and achievement details as of 2024.
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Verified Sources Behind Sparebank 1 Sor-Norge’s Climate Targets Data
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. Explore Sparebank 1 Sor-Norge’s data sources below and access millions more through our Disclosure Search.
a. Sparebank 1 Sor-Norge's Sustainability Report 2023
b. Sparebank 1 Sor-Norge's Climate Change Strategy Report 2024
Insights into Sparebank 1 Sor-Norge's Greenhouse Gas Emissions Pathways
As of 2024, Sparebank 1 Sor-Norge has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.ab
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