Tur i skogen.

A driving force for sustainable transition

Ever since the time of small savings banks, the Bank has aimed at being a committed and responsible partner to community development. Today, this is reflected in the vision Creating Together - long-term value for society, our customers, owners and employees.

We are contributing to sustainable transition in our market area by channelling capital into sustainable projects, and to the necessary transition to a sustainable and climate-neutral society. To succeed, we must also ensure that sustainability is an integral part of the Bank's operations. We are also actively contributing to achieving the UN Sustainable Development Goals, both in customer oriented work and in internal operations, including in our supply chains.

Ambition and target

  • Our ambition is to significantly enhance our positive impact while reducing our negative impact on people, the environment and society.
  • Our target is to be a driving force for sustainable development in our market area and incorporate sustainability in major and minor decisions so that it is an integral part of our business. This is one of four key targets in our overall corporate strategy.
  • Our main focus is the Bank's savings and loan business, but all of the Bank's business areas are included in the sustainability initiative. We prioritise our sustainability work based on a materiality analysis of the most important topics for the Bank. 

Long-term commitment to net-zero emissions 

In order to maintain full control over cutting our emissions, the Bank has been certified by Eco-Lighthouse since 2008. We are always exploring ways to cut our greenhouse gas emissions and climate impact.

We have set a target for how we will cut our emissions in line with the Paris Agreement, a so-called Science Based Target (SBT). The Bank’s long-term ambition is to be climate neutral by 2050, including in relation to its loan portfolios.

 

Green Bond Framework

SpareBank 1 Østlandet’s Green Bond Framework is an extension of the Bank’s sustainability strategy and general guidelines for corporate social responsibility and sustainability. The framework is in line with the ICMA Green Bond Principles.

Sustainability Impact Analysis - Principles for Responsible Banking

The United Nations Environment Programme Finance Initiative (UNEP FI) launched the Principles for Responsible Banking in 2019. SpareBank 1 Østlandet was the first Norwegian bank to sign up to the principles.One of the first steps the Bank took was to conduct an impact analysis. The results of the analysis will be used in the Bank’s future sustainability work and changes to the Bank’s focus areas and targets are being assessed. 

See our Impact Analysis 2022
See our Impact Analysis 2021
See our Impact Analysis 2020


Contact Head of Sustainability

Simen Kristiansen
Head of Sustainability
98024127