- Data quality limitations in calculating financed emissions, particularly for agriculture and the transport sector.
- Potential for double counting of emissions.
- Dependence on customers' actions for achieving targets.
- Uncertainty in climate projections for agriculture.
Spar Nord A/S
Greenhouse gas emissions & sustainability report data
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.
Renewable Energy
100% (electricity since 2023)
of total energy
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 646.0K tCO2e/year |
| 2021 | 6.2K tCO2e (market-based) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced financed emissions from lending by 29% (2020-2023) in equities and corporate bonds.
- 100% renewable energy consumption since 2023 (supplemented by own solar panel production).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce scope 1 and 2 greenhouse gas emissions by 30% by 2025 (from 2021 baseline).
📅 Medium-term
- Reduce financed emissions from lending by 50% by 2030 (from 2021 baseline).
- Reduce financed emissions from investments in equities and corporate bonds by 60% by 2030 (from 2020 baseline).
- Reduce scope 1 and 2 greenhouse gas emissions by 50% by 2030 (from 2021 baseline).
- Reduce scope 3 greenhouse gas emissions from own operations by 25% by 2030 (from 2021 baseline).
- 80% of bank's driving needs met by electric vehicles by 2030.
🔭 Long-term
- Reach net zero emissions by 2050.
🌱 ESG Focus Areas
Climate Change