Sydbank A/S

Common Name
Sydbank
Country
Denmark
Sector
Financial Services
Industry
Banks - Regional
Employees
2,053
Ticker
SYDB
Exchange
NASDAQ COPENHAGEN A/S
Description
Sydbank A/S is a leading financial institution that operates as a full-service bank serving individuals, businesses, and institutional clients within Denmark and beyond. Established in 1970, Sydbank i...

Sydbank's GHG Emissions Data Preview

In 2023, Sydbank 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).

Sydbank has also provided a category-level breakdown for 2 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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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Sydbank’s Greenhouse Gas (GHG) Emissions 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 Sydbank’s data sources below and access millions more through our Disclosure Search.

a. Sydbank's Annual Report 2023
a. Sydbank's Annual Report 2023

Insights into Sydbank's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Sydbank amounted to 1,509 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 Sydbank decreased by 6.1%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Sydbank's Scope 1 Emissions Over Time

2019202220230150300450600tCO2e-18%-1%
  • Total Scope 1
  • Year-over-Year Change

What are Sydbank's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Sydbank were 371 metric tons of CO₂ equivalent (tCO₂e). a

Has Sydbank reduced its Scope 1 emissions over time?

Since 2019, Sydbank's Scope 1 emissions have decreased by 18.28%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Sydbank's Scope 1 emissions remained relatively stable, indicating that Sydbank's emissions have plateaued with no significant change in its operational footprint. a

What are Sydbank's Scope 2 emissions?

In 2023, Sydbank reported Scope 2 greenhouse gas (GHG) emissions of 391 tCO₂e using the market-based method and 1,138 tCO₂e using the location-based method. a

Has Sydbank reduced its Scope 2 emissions over time?

Since 2019, Sydbank's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 49.6%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Sydbank's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Sydbank 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Sydbank use for Scope 2 reporting?

In 2023, Sydbank reported its Scope 2 emissions using the market-based method and using the location-based method. a

Sydbank's Scope 2 Emissions Over Time

20192022202306001.2 k1.8 k2.4 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Sydbank's Value Chain Emissions

In 2023, Sydbank reported 789,827 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 Sydbank includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Sydbank's Scope 3 Emissions Over Time

2019202220230200 k400 k600 k800 ktCO2e+217223%-1%
  • Total Scope 3
  • Year-over-Year Change

What are Sydbank's Scope 3 emissions?

In 2023, Sydbank reported total Scope 3 emissions of 789,827 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 0.04% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.96% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Sydbank reduced its Scope 3 emissions over time?

Since 2019, Sydbank's Scope 3 emissions have increased by 215,111.72%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Sydbank's Scope 3 emissions remained relatively stable, indicating that Sydbank 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Sydbank disclose?

In 2023, Sydbank reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Sydbank's Scope 3 emissions?

In 2023, the largest contributors to Sydbank's Scope 3 emissions were: a

  • Investments (Cat. 15): 789,546 tCO₂e (99.96%)
  • Business Travel (Cat. 6): 281 tCO₂e (0.04%)

Sydbank's Scope 3 Emissions by Categories

Investments(Cat. 15)(100.0%)

Insights into Sydbank’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Sydbank reported Scope 1 greenhouse gas (GHG) emissions of 371 tCO₂e and total revenues of USD 1,101 millions. This translates into an emissions intensity of 0.34 tCO₂e per millions USD. a

Sydbank's Scope 1 Emissions Intensity Compared to Peers

201001,0005,00050,000Scope 1 Emissions (tCO2e)201005005,00020,000Revenues (Millions of USD)TVestjysk BankYear: 2023Scope 1: 123 tCO2eRevenue: $M 323Scope 1 Intensity: 0.38 tCO2e/$MSkjern BankYear: 2023Scope 1: 34 tCO2eRevenue: $M 95Scope 1 Intensity: 0.36 tCO2e/$MRingkjoebing LandbobankYear: 2024Scope 1: 70 tCO2eRevenue: $M 576Scope 1 Intensity: 0.12 tCO2e/$MDanske BankYear: 2024Scope 1: 215 tCO2eRevenue: $M 7,875Scope 1 Intensity: 0.03 tCO2e/$MDanske Andelskassers BankYear: 2023Scope 1: 117 tCO2eRevenue: $M 128Scope 1 Intensity: 0.91 tCO2e/$MBank of East AsiaYear: 2024Scope 1: 2,254 tCO2eRevenue: $M 2,638Scope 1 Intensity: 0.85 tCO2e/$MTTTCFHCYear: 2024Scope 1: 2,738 tCO2eRevenue: $M 2,008Scope 1 Intensity: 1.36 tCO2e/$MJyske BankYear: 2023Scope 1: 639 tCO2eRevenue: $M 2,199Scope 1 Intensity: 0.29 tCO2e/$MIntercorp Financial ServicesYear: 2024Scope 1: 644 tCO2eRevenue: $M 489Scope 1 Intensity: 1.32 tCO2e/$MLaan & Spar BankYear: 2023Scope 1: 48 tCO2eRevenue: $M 229Scope 1 Intensity: 0.21 tCO2e/$MHachijuni BankYear: 2023Scope 1: 2,372 tCO2eRevenue: $M 1,310Scope 1 Intensity: 1.81 tCO2e/$MNordfyns BankYear: 2023Scope 1: 33 tCO2eRevenue: $M 47Scope 1 Intensity: 0.71 tCO2e/$MBanca Popolare di SondrioYear: 2024Scope 1: 3,441 tCO2eRevenue: $M 1,859Scope 1 Intensity: 1.85 tCO2e/$MPacific Premier BancorpYear: 2023Scope 1: 514 tCO2eRevenue: $M 409Scope 1 Intensity: 1.26 tCO2e/$MBannerYear: 2023Scope 1: 1,254 tCO2eRevenue: $M 616Scope 1 Intensity: 2.04 tCO2e/$MIDFC First BankYear: 2025Scope 1: 19,417 tCO2eRevenue: $M 3,090Scope 1 Intensity: 6.28 tCO2e/$MIDBI BankYear: 2025Scope 1: 2,361 tCO2eRevenue: $M 2,106Scope 1 Intensity: 1.12 tCO2e/$MBAWAG GroupYear: 2023Scope 1: 1,331 tCO2eRevenue: $M 1,760Scope 1 Intensity: 0.76 tCO2e/$MSinopac Financial HoldingsYear: 2023Scope 1: 1,508 tCO2eRevenue: $M 1,722Scope 1 Intensity: 0.88 tCO2e/$MBank of ChangshaYear: 2023Scope 1: 862 tCO2eRevenue: $M 3,501Scope 1 Intensity: 0.25 tCO2e/$MTMBThanachart BankYear: 2023Scope 1: 3,042 tCO2eRevenue: $M 2,053Scope 1 Intensity: 1.48 tCO2e/$MUCO BankYear: 2025Scope 1: 890 tCO2eRevenue: $M 1,643Scope 1 Intensity: 0.54 tCO2e/$MHong Leong Financial GroupYear: 2025Scope 1: 238 tCO2eRevenue: $M 1,681Scope 1 Intensity: 0.14 tCO2e/$MSydbankYear: 2023Scope 1: 371 tCO2eRevenue: $M 1,101Scope 1 Intensity: 0.34 tCO2e/$M

How does Sydbank's GHG emissions intensity compare to its peers?

In 2023, Sydbank reported a Scope 1 emissions intensity of 0.34 tCO₂e per millions USD. Compared to the peer group median of 0.85 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Sydbank rank on GHG emissions intensity within its industry?

In 2023, Sydbank ranked 7 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Sydbank is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Sydbank's Total Carbon Footprint

In 2023, Sydbank reported a total carbon footprint of 791,336 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.98% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Sydbank's total carbon footprint was Scope 3 emissions, accounting for 99.81% of the company's total carbon footprint, followed by Scope 2 emissions at 0.14%. a

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