In 2023, Vestjysk Bank 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).
Vestjysk Bank has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 |
|---|---|---|
Total Scope 1 | 123a | 58a |
Total Scope 2 | ||
Market-Based | 322a | 397a |
Location-Based | 322a | 397a |
Total Scope 3 | 255,414a | 260,566a |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.3807a | 0.2825a |
You are welcome to quote or reference individual data points from this page, provided you include the following attribution with a visible, clickable link to this page: "Source: Tracenable, the global reference for ESG data"
Bulk collection, scraping, resale, or redistribution of data across multiple company profiles is not permitted without our prior written permission. For more information, see our General Terms and Conditions.
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.
In 2023, the total operational greenhouse gas (GHG) emissions of Vestjysk Bank amounted to 445 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 Vestjysk Bank decreased by 2.2%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2023, the total Scope 1 emissions of Vestjysk Bank were 123 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2022), Vestjysk Bank's Scope 1 emissions increased by 112.07%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2023, Vestjysk Bank reported Scope 2 greenhouse gas (GHG) emissions of 322 tCO₂e using the market-based method and 322 tCO₂e using the location-based method.a
Compared to the previous year (2022), Vestjysk Bank's Scope 2 emissions (Location-Based) fell by 18.89% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2023, Vestjysk Bank reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2023, Vestjysk Bank reported 255,414 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 Vestjysk Bank includes a breakdown across 1 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
In 2023, Vestjysk Bank reported total Scope 3 emissions of 255,414 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2022), Vestjysk Bank's Scope 3 emissions remained relatively stable, indicating that Vestjysk Bank's emissions have plateaued with no significant change in its value chain footprint.a
In 2023, Vestjysk Bank reported emissions for 1 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.
In 2023, the largest contributors to Vestjysk Bank's Scope 3 emissions were:a
In 2023, Vestjysk Bank reported Scope 1 greenhouse gas (GHG) emissions of 123 tCO₂e and total revenues of USD 323 millions. This translates into an emissions intensity of 0.38 tCO₂e per millions USD.a
In 2023, Vestjysk Bank reported a Scope 1 emissions intensity of 0.38 tCO₂e per millions USD. Compared to the peer group median of 0.32, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, Vestjysk Bank ranked 16 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Vestjysk Bank is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2023, Vestjysk Bank reported a total carbon footprint of 255,859 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.98% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Vestjysk Bank's total carbon footprint was Scope 3 emissions, accounting for 99.83% of the company's total carbon footprint, followed by Scope 2 emissions at 0.13%.a