In 2024, Sparebanken Norge disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Sparebanken Norge also reported the energy it generates itself, offering insight into its level of energy independence.
Additionally, Sparebanken Norge also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Energy Consumption | 12,614a | 12,291a | 11,366a | |
Non-Renewable Energy Consumption | 261a | 123a | 199a | |
Renewable Energy Consumption | 12,353a | 12,167a | 11,167a | |
Total Energy Production | 0a | N/A | N/A | |
Non-Renewable Energy Production | 0a | N/A | N/A | |
Renewable Energy Production | 0a | 0a | 0a |
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In 2024, Sparebanken Norge consumed a total of 12,614.4 Gigajoules of energy across its operations. Of this total, 97.93% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 2.07% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.a
In 2024, Sparebanken Norge consumed a total of 12,614.4 Gigajoules of energy, of which 97.93% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.a
This high level of renewable energy use suggests that Sparebanken Norge has taken strong steps toward decarbonizing its energy supply and reducing its dependence on fossil fuels.
Since 2022, Sparebanken Norge's total energy consumption increased by 10.98%, including a 2.63% increase in 2024, reflecting a sustained rise in overall energy demand.a
Over the same period, the share of renewable energy remained relatively flat in the long term, but dropped by 1.08% in 2024, suggesting emerging setbacks in renewable energy sourcing.a
Overall, Sparebanken Norge’s energy trends reveal a complex picture, with variations in total consumption and renewable sourcing. A closer examination of operational drivers and sourcing strategies is needed to fully assess the company’s environmental impact.