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SpareBank 1 SR-BankNorway

Active

This profile is actively maintained
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
Bank info
BankTrack campaigns
All
About
Website https://www.sparebank1.no
Headquarters
Christen Tranesgate 35
4007 Stavanger
Norway
CEO/chair Inge Reinertsen
CEO
Supervisor
Financial Supervisory Authority of Norway
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.

Links

Sustainability

Sustainability guidelines

Sustainability documents

Sparebank 1 SR-Bank's webpage on corporate social responsibility can be accessed page here.

2024-04-30 00:00:00

Sustainability policy

Bank policy
2024-04-30 00:00:00 | Sparebank 1 SR-Bank
2024-01-12 00:00:00

Standard for Human Rights and Due Diligence

Bank policy
2024-01-12 00:00:00 | SpareBank 1 SR-Bank
2023-07-24 00:00:00

Human rights policy

Bank policy
2023-07-24 00:00:00 | SpareBank 1-SR Bank
2019-12-16 00:00:00

Code of Conduct

Date listed represents date as accessed on website
Bank policy
2019-12-16 00:00:00 | Sparebank 1 SR-Bank
2019-10-01 00:00:00

Sustainability guidelines: agriculture and nature

Bank policy
2019-10-01 00:00:00 | Sparebank 1 SR-Bank
2019-10-01 00:00:00

Overall sustainability guidelines: worker and human rights

Bank policy
2019-10-01 00:00:00 | Sparebank 1 SR-Bank
2019-09-12 00:00:00

Guidelines for sustainability in procurement

Bank policy
2019-09-12 00:00:00 | Sparebank 1 SR-Bank
2019-06-30 00:00:00

Guidelines for Responsible investments

Bank policy
2019-06-30 00:00:00 | Sparebank 1 SR-Bank
2019-01-28 00:00:00

Sustainability Strategy

Bank policy
2019-01-28 00:00:00 | Sparebank 1 SR-Bank
2018-08-29 00:00:00

Sustainability guidelines for the corporate market

Bank policy
2018-08-29 00:00:00 | Sparebank 1 SR-Bank
2017-11-30 00:00:00

Anti Money Laundering and Sanctions Policy

Bank policy
2017-11-30 00:00:00 | Sparebank 1 SR-Bank
SpareBank 1 SR-Bank has committed itself to the following voluntary standards:
Collective Commitment to Climate Action (CCCA)Tags: climate change | corporate social responsibility | United Nations
Global Reporting InitiativeTags: sustainable development | human rights
International Labour Organization Declaration on Fundamental Principles and Rights at WorkTags: worker rights | labour
Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants
OECD Guidelines for Multinational EnterprisesTags: consumer safety | corporate social responsibility | corruption | cultural preservation | dams | human rights | mining and processing | OECD | supply chain | taxation | worker rights
Partnership for Carbon Accounting Financials (PCAF)Tags: carbon | corporate social responsibility
Poseidon PrinciplesTags: corporate social responsibility | shipping
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Responsible Ship Recycling Standards (RSRS)Tags: safety | shipping | waste management
UN Guiding Principles on Business and Human RightsTags: United Nations | human rights
UNESCO World Heritage ConventionTags: cultural preservation | nature conservation | United Nations
United Nations Convention on Biological DiversityTags: United Nations | biodiversity
United Nations Global CompactTags: United Nations | human rights
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
BankTrack news BankTrack blog Partner news Partner blog

Sustainability policies of the biggest banks active in Norway are assessed

2023-01-19 | Profundo
BankTrack news BankTrack blog Partner news Partner blog

Financing fossil fuel majors in line with net-zero strategy, say Nordic banks

BankTrack mentioned
2022-12-12 | S&P Global
Blog
BankTrack news BankTrack blog Partner news Partner blog

Nordic banks increase finance for Arctic oil and gas, new report finds

Ten Nordic banks provided US$ 21.2 billion to the fossil fuel industry. DNB, SEB, Nordea and Danske Bank largest Nordic financiers.
2022-11-22 | Nijmegen, the Netherlands | BankTrack, Greenpeace, ActionAid Denmark, Fair Finance Guide Norway, Fair Finance Guide Sweden, Friends of the Earth Finland, Swedish Society for Nature Conservation
BankTrack news BankTrack blog Partner news Partner blog

Leading finance firms sign up to Mark Carney forum on low-carbon investment

2021-04-21 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

DNB, SEB and Nordea among biggest Scandinavian fossil fuel lenders

BankTrack mentioned
2021-02-02 | Environmental Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Scandinavian banks poured $67 billion into the fossil fuel industry since Paris

New report finds ongoing finance for coal, oil and gas companies, with little commitments to phase-out from fossil fuels
2021-02-01 | Nijmegen, Copenhagen, Oslo, Stockholm | BankTrack, ActionAid Denmark, Fair Finance Guide Norway, Fair Finance Guide Sweden, Oxfam IBIS
BankTrack news BankTrack blog Partner news Partner blog

SR-Bank has signed UN's Principles for Responsible Banking

2019-09-23 | Sparebank 1 SR-Bank
Resources
Documents
Links
2024-05-07 00:00:00

Annual report 2023

Annual report
2024-05-07 00:00:00 | SpareBank 1 SR-Bank
2024-04-30 00:00:00

Sustainability policy

Bank policy
2024-04-30 00:00:00 | Sparebank 1 SR-Bank
2024-04-29 00:00:00

CSR report 2023

Annual report
2024-04-29 00:00:00 | SpareBank 1 SR-Bank
2024-01-12 00:00:00

Standard for Human Rights and Due Diligence

Bank policy
2024-01-12 00:00:00 | SpareBank 1 SR-Bank
2023-07-24 00:00:00

Human rights policy

Bank policy
2023-07-24 00:00:00 | SpareBank 1-SR Bank
2023-06-11 00:00:00

Annual report 2022

Annual report
2023-06-11 00:00:00 | Sparebank 1 SR-Bank
2023-06-05 00:00:00

CSR report 2022

Annual report
2023-06-05 00:00:00 | Sparebank 1 SR-Bank
2022-11-22 00:00:00

Banking on Thin Ice: Two years in the heat

Exposing Nordic bank finance for fossil fuels
BankTrack publication
2022-11-22 00:00:00 | BankTrack
2022-07-05 00:00:00

Annual report 2021

Annual report
2022-07-05 00:00:00 | SpareBank 1 SR-Bank
2022-07-04 00:00:00

CSR report 2021

Annual report
2022-07-04 00:00:00 | SpareBank 1 SR-Bank
2021-06-08 00:00:00

Annual report 2020

Annual report
2021-06-08 00:00:00 | SpareBank 1 SR-Bank
2021-04-05 00:00:00

CSR Report 2020

Annual report
2021-04-05 00:00:00 | SpareBank 1 SR-Bank
2021-02-01 00:00:00

Banking on Thin Ice

Exposing Scandinavian Bank Finance for Fossil Fuels
BankTrack publication
2021-02-01 00:00:00 | BankTrack, Fair Finance Guide Norway, Fair Finance Guide Sweden, Oxfam IBIS, ActionAid Denmark
2020-05-19 00:00:00

Annual report 2019

Annual report
2020-05-19 00:00:00 | SpareBank 1 SR-Bank
2020-03-05 00:00:00

CSR Report 2019

Annual report
2020-03-05 00:00:00 | SpareBank 1 SR/Bank
2019-12-16 00:00:00

Code of Conduct

Date listed represents date as accessed on website
Bank policy
2019-12-16 00:00:00 | Sparebank 1 SR-Bank
2019-10-01 00:00:00

Sustainability guidelines: agriculture and nature

Bank policy
2019-10-01 00:00:00 | Sparebank 1 SR-Bank
2019-10-01 00:00:00

Overall sustainability guidelines: worker and human rights

Bank policy
2019-10-01 00:00:00 | Sparebank 1 SR-Bank
2019-09-12 00:00:00

Guidelines for sustainability in procurement

Bank policy
2019-09-12 00:00:00 | Sparebank 1 SR-Bank
2019-06-30 00:00:00

Guidelines for Responsible investments

Bank policy
2019-06-30 00:00:00 | Sparebank 1 SR-Bank
2019-01-28 00:00:00

Sustainability Strategy

Bank policy
2019-01-28 00:00:00 | Sparebank 1 SR-Bank
2018-12-31 00:00:00

Annual Report 2018

Annual report
2018-12-31 00:00:00 | Sparebank 1 SR-Bank
2018-12-31 00:00:00

Sustainability Report 2018

Annual report
2018-12-31 00:00:00 | Sparebank 1 SR-Bank
2018-12-31 00:00:00

Carbon accounting report 2018

Other bank document
2018-12-31 00:00:00 | Sparebank 1 SR-Bank
2018-08-29 00:00:00

Sustainability guidelines for the corporate market

Bank policy
2018-08-29 00:00:00 | Sparebank 1 SR-Bank
2017-11-30 00:00:00

Anti Money Laundering and Sanctions Policy

Bank policy
2017-11-30 00:00:00 | Sparebank 1 SR-Bank

Sustainability page

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.

Assessment of Sparebank's coal policy in the Coal Policy Tool

Assessment of Sparebank's policies in the Oil & Gas Policy Tracker

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.

Tracking NZBA banks commitments

Good Moves

Good moves

Year:
Send feedback on this profile
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