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
Description
SpareBank 1 Sør-Norge ASA, together with its subsidiaries, provides various financial products and services for personal and corporate customers in Norway. The company operates through Retail Market, ...

Sparebank 1 Sor-Norge's GHG Emissions Data Preview

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)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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a
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a
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0000000
Location-Based
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a
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0000000
Total Scope 3
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a
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a
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Sparebank 1 Sor-Norge’s Greenhouse Gas (GHG) Emissions Data

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a. Sparebank 1 Sor-Norge's Sustainability Report 2023
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Insights into Sparebank 1 Sor-Norge's Operational Emissions

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

Sparebank 1 Sor-Norge's Scope 1 Emissions Over Time

20212022202307142128tCO2e-9%+33%
  • Total Scope 1
  • Year-over-Year Change

What are Sparebank 1 Sor-Norge's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Sparebank 1 Sor-Norge were 28 metric tons of CO₂ equivalent (tCO₂e). a

Has Sparebank 1 Sor-Norge reduced its Scope 1 emissions over time?

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

What are Sparebank 1 Sor-Norge's Scope 2 emissions?

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

Has Sparebank 1 Sor-Norge reduced its Scope 2 emissions over time?

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 energy a

What methodology does Sparebank 1 Sor-Norge use for Scope 2 reporting?

In 2023, Sparebank 1 Sor-Norge reported its Scope 2 emissions using the market-based method and using the location-based method. a

Sparebank 1 Sor-Norge's Scope 2 Emissions Over Time

20212022202309001.8 k2.7 k3.6 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Sparebank 1 Sor-Norge's Value Chain Emissions

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 chain a

Sparebank 1 Sor-Norge's Scope 3 Emissions Over Time

2021202220230350 k700 k1.05 M1.4 MtCO2e-10%+10%
  • Total Scope 3
  • Year-over-Year Change

What are Sparebank 1 Sor-Norge's Scope 3 emissions?

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

Has Sparebank 1 Sor-Norge reduced its Scope 3 emissions over time?

Since 2021, Sparebank 1 Sor-Norge's Scope 3 emissions have 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

What categories of Scope 3 emissions does Sparebank 1 Sor-Norge disclose?

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.

What are the main sources of Sparebank 1 Sor-Norge's Scope 3 emissions?

In 2023, the largest contributors to Sparebank 1 Sor-Norge's Scope 3 emissions were: a

  • Investments (Cat. 15): 1,304,000 tCO₂e (98.75%)
  • Purchased Goods and Services (Cat. 1): 15,686 tCO₂e (1.19%)
  • Business Travel (Cat. 6): 781 tCO₂e (0.06%)

Sparebank 1 Sor-Norge's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(1.2%)Investments(Cat. 15)(98.8%)

Insights into Sparebank 1 Sor-Norge's Total Carbon Footprint

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

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