- Uncertainty with regard to the quality of data for calculating financed emissions.
- Dependence on assets composition and price developments in the various groups of assets.
- Data quality of derived data is still inaccurate and incomplete for both lending and investments.
Spar Nord Bank A/S
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Spar Nord Bank A/S disclosed greenhouse gas emissions of 409.0K tCO2e (investments) + 326000 tCO2e (lending) + 1017 tCO2e (own activities). By scope: Scope 1: 216 tCO2e (own activities); Scope 2: 327 tCO2e (own activities); Scope 3: 474 tCO2e (own activities) + financed emissions from lending and investments. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
409.0K tCO2e (investments) + 326000 tCO2e (lending) + 1017 tCO2e (own activities)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 216 tCO2e (own activities) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 327 tCO2e (own activities) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 474 tCO2e (own activities) + financed emissions from lending and investments |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced financed emissions from lending by 19% compared to the 2021 baseline.
- Reduced financed emissions from investments by 29% compared to the 2020 baseline.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce financed emissions from investments in equities and corporate bonds by 30% in 2025 (compared to 2020 baseline).
- Reduce financed emissions from lending by 20% in 2025 (compared to 2021 baseline).
- Reduce carbon emissions from the Bank's own activities by 30% in 2025 (compared to 2021 baseline).
📅 Medium-term
- Reduce financed emissions from investments in equities and corporate bonds by 60% in 2030 (compared to 2020 baseline).
- Reduce financed emissions from lending by 45% in 2030 (compared to 2021 baseline).
- Reduce carbon emissions from the Bank's own activities by 50% in 2030 (compared to 2021 baseline).
🌱 ESG Focus Areas
Climate Change