Annual Report

Overview

The report describes SpareBank 1 Sør-Norge's 2024 merger, its first group-wide double materiality assessment and ESRS-based sustainability reporting. The company sets a goal of net-zero GHG emissions by 2050 across own activities and the loan portfolio, supported by industry transition pathways. The consolidated climate report presents Scope 1, location- and market-based Scope 2, and Scope 3 emissions for the merged group. The social sustainability section reports 2,562 employees at period end and a board composed of 11 members, including five women.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2024
Period: 1 January 2024 – 31 December 2024
Language: English
Pages
File size
Restatement: Disclosed

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP

Commitments

UN Global Compact
UN Guiding Principles
Science Based Targets initiative

Ratings

CDP score

Materiality

Assessment
Basis

Assurance

Provider
Level
Standard
Scope
Statement included

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