In 2023, Sparebank 1 Sor-Norge 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 Sor-Norge has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 28a | 21a | 23a | |
Total Scope 2 | ||||
Market-Based | 3,406a | 2,783a | 1,882a | |
Location-Based | 129a | 69a | 37a | |
Total Scope 3 | 1,320,495a | 1,199,552a | 1,336,057a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0336a | 0.0318a | 0.0339a |
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In 2023, the total operational greenhouse gas (GHG) emissions of Sparebank 1 Sor-Norge amounted to 157 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 2022, the total operational greenhouse gas (GHG) emissions of Sparebank 1 Sor-Norge increased by 74.44%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of Sparebank 1 Sor-Norge were 28 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Sparebank 1 Sor-Norge's Scope 1 emissions have increased by 21.74%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2022), Sparebank 1 Sor-Norge's Scope 1 emissions increased by 33.33%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2023, Sparebank 1 Sor-Norge reported Scope 2 greenhouse gas (GHG) emissions of 3,406 tCO₂e using the market-based method and 129 tCO₂e using the location-based method.a
Since 2021, Sparebank 1 Sor-Norge's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 248.65%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2022), Sparebank 1 Sor-Norge's Scope 2 emissions (Location-Based) rose by 86.96% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2023, Sparebank 1 Sor-Norge reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2023, Sparebank 1 Sor-Norge reported 1,320,495 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 2023 disclosure of Sparebank 1 Sor-Norge includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 3 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2023, Sparebank 1 Sor-Norge reported total Scope 3 emissions of 1,320,495 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 1.25% of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.75% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Sparebank 1 Sor-Norge's Scope 3 emissionshave remained relatively stable, indicating that Sparebank 1 Sor-Norge's emissions have plateaued with no significant change in its value chain footprint.a
Compared to the previous year (2022), Sparebank 1 Sor-Norge's Scope 3 emissions increased by 10.08%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2023, Sparebank 1 Sor-Norge reported emissions for 5 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 2023, the largest contributors to Sparebank 1 Sor-Norge's Scope 3 emissions were:a
In 2023, Sparebank 1 Sor-Norge reported Scope 1 greenhouse gas (GHG) emissions of 28 tCO₂e and total revenues of USD 833 millions. This translates into an emissions intensity of 0.03 tCO₂e per millions USD.a
In 2023, Sparebank 1 Sor-Norge reported a Scope 1 emissions intensity of 0.03 tCO₂e per millions USD. Compared to the peer group median of 0.88, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2023, Sparebank 1 Sor-Norge ranked 5 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Sparebank 1 Sor-Norge among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2023, Sparebank 1 Sor-Norge reported a total carbon footprint of 1,320,652 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.09% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Sparebank 1 Sor-Norge'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