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.

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.

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. 

From 2024 onwards, the materiality assessment is an integrated part of the annual report.

Responsible banking progress statement 2024

See our Impact Analysis 2023
See our Impact Analysis 2022
See our Impact Analysis 2021
See our Impact Analysis 2020


Contact Head of Sustainability

Simen Kristiansen
Head of Sustainability
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