Vestjysk Bank A/S
Vestjysk Bank's GHG Emissions Data Preview
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 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. a | Copy restricted. Please purchase to unlock this data. a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
a
aVerified Sources Behind Vestjysk Bank’s Greenhouse Gas (GHG) Emissions Data
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Insights into Vestjysk Bank's Operational Emissions
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
Vestjysk Bank's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Vestjysk Bank's Scope 1 emissions?
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
What are Vestjysk Bank's Scope 2 emissions?
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
Has Vestjysk Bank reduced its Scope 2 emissions over time?
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
What methodology does Vestjysk Bank use for Scope 2 reporting?
In 2023, Vestjysk Bank reported its Scope 2 emissions using the market-based method and using the location-based method. a
Vestjysk Bank's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Vestjysk Bank's Value Chain Emissions
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
Vestjysk Bank's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Vestjysk Bank's Scope 3 emissions?
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
What categories of Scope 3 emissions does Vestjysk Bank disclose?
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.
What are the main sources of Vestjysk Bank's Scope 3 emissions?
In 2023, the largest contributors to Vestjysk Bank's Scope 3 emissions were: a
- Investments (Cat. 15): 250,778 tCO₂e (100%)
Vestjysk Bank's Scope 3 Emissions by Categories
Insights into Vestjysk Bank’s GHG Emissions Intensity Compared to Industry Peers
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
Vestjysk Bank's Scope 1 Emissions Intensity Compared to Peers
How does Vestjysk Bank's GHG emissions intensity compare to its peers?
In 2023, Vestjysk Bank reported a Scope 1 emissions intensity of 0.38 tCO₂e per millions USD. Compared to the peer group median of 0.31 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Vestjysk Bank rank on GHG emissions intensity within its industry?
In 2023, Vestjysk Bank ranked 14 out of 22 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
Insights into Vestjysk Bank's Total Carbon Footprint
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