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SpareBank 1 SR-BankNorway
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Last update: 2024-10-10 13:24:23
Offices Sparebank 1 SR-Bank in Stavanger, Norway. Photo: Kjersti Lie via Wikimedia Commons (CC-BY-SA-4.0)
Active
This profile is actively maintained
Last update: 2024-10-10 13:24:23
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About
| Website | https://www.sparebank1.no |
| Headquarters |
Christen Tranesgate 35
4007 Stavanger
Norway
|
| CEO/chair |
Inge Reinertsen CEO |
| Supervisor | |
| Ownership |
listed on Oslo Stock Exchange
SpareBank 1 SR-Bank's shareholder structure can be accessed here. |
| Subsidiaries |
EiendomsMegler 1 – Norway
Finstart Nordic – Norway Monner – Norway SpareBank 1 Regnskapshuset SR – Norway SR-Boligkreditt – Norway SR-Forvaltning AS – Norway |
SpareBank 1 SR-Bank, member of the SpareBank 1 Alliance, is a financial service group offering traditional banking services. Its main focus areas are the retail market, the corporate market and the public sector market. The bank is Norway's fifth largest bank measured by total assets and total lending and is the largest bank in the SpareBank 1 Alliance. SpareBank 1 SR-Bank is present in Rogaland, Hordaland, the Agder countries, and Oslo. The Bank's head office is located in Stavanger.
Sustainability
Commitments
Policies
Voluntary standards
Sparebank 1 SR-Bank's most important sustainability commitments can be found at the website sections listed below.
Sparebank 1 SR-Bank's webpage on corporate social responsibility can be accessed page here.
SpareBank 1 SR-Bank has committed itself to the following voluntary standards:
Dodgy Deals
SpareBank 1 SR-Bank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of SpareBank 1 SR-Bank's link to these deals.
Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Resources
Documents
Links
Accountability
Grievances
Sparebank does not operate a complaints or grievances mechanism for individuals or communities that might have been affected by the bank's finance.
Stakeholders may raise complaints via the OECD National Contact Point Norway.
This page evaluates SpareBank 1 SR-Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
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Banks and Climate
Banks and Climate
Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Sparebank’s fossil fuel policy below.
Tracking the NZBA
Tracking the Net Zero Banking Alliance
SpareBank 1 SR-Bank is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.
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