Initiatives we stand by
We support the following initiatives within sustainability and corporate social responsibility.
UN Global Compact
Sparebanken Sør is a member of FN Global Compact, a global network for companies who want to work on sustainable solutions and contribute to responsible and sustainable corporate practises. Global Compact is the world's largest initiative for ESG. Read more here (opens in a new window).
Sparebanken Sør reports by the GRI Standards (Global Reporting Initiative). The GRI Standards are the global best practice for sustainability reporting (ESG). Oslo Stock Exchange's guidance on the reporting of corporate responsibility recommends the GRI Standards. Read more about GRI Standards here (opens in a new window).
Roadmap for green competitiveness in the financial sector
Finance Norway has developed a roadmap for green competitiveness in the financial sector with a vision that the finance sector in 2030 is profitable and sustainable. The roadmap includes 6 principles for the financial sector and two principles for banks. Sparebanken Sør will integrate these principles in our strategic and operational plans.
The Eco-Lighthouse Certification Scheme
Sparebanken Sør is eco-certified. This means that we take a conscious environmental responsibility and make actions to take care of the environment within our company. The certification means that our enviromental standards and routines are in accordance with the criteria set by The Eco-Lighthouse Foundation (opens in an new window).
UNEP Principles for Responsible Banking
The UNEP Principles for Responsible Banking aims to make the banking industry able to lead the way to reach our sustainable development goals and fulfil the Paris Agreement. The UNEP principles for responsible banking is a guide to the global banking industry. The principles create obligations to responisibility and ambition for actions to promote a sustaianble development. Sparebanken Sør is a member of the UNEP Principles for Responsible Banking. Read more at UNEP here (opens in a new window).
The Partnership for Carbon Accounting Financials (PCAF)
Sparebanken Sør has committed via The Partnership for Carbon Accounting Financials (PCAF) to measuring and publishing the greenhouse gas emissions generated by its lending and investment portfolios. PCAF is a global collaboration between financial institutions that are working together to harmonise assessments of and information on greenhouse gas emissions financed by loans and investments. The group is rapidly growing and currently consists of over 150 banks and investors from around the world. Read more about PCAF here (opens in a new window).