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Odal Sparebank – ESG risk research and ESG rating
We at sustainAX have ESG risk researched and ESG risk rated Odal Sparebank and our clients can access the reseach on their Bloomberg terminals.
Odal Sparebank is in the materiality based sector of FINANCE.
Our ESG risk research of Odal Sparebank
Our approach to ESG research is fundamental, that means that we have studied all relevant publications by Odal Sparebank and combined this with fundamental understanding of ESG challenges and risks of different activities and for the FINANCE sector. This makes us well placed to estimate the ESG risks of Odal Sparebank. We have published a 33 pages ESG research report on Odal Sparebank with a conclusion highlighting the most important residual risks, a section suggesting how it should be integrated in investment decisions and a list of all the questions we think should be asked to Odal Sparebank.
More about our ESG risk research here: https://www.sustainax.com/index.php/esg-research/
AGGREGATED ESG RISK RATING* for Odal Sparebank:
Middle risk
*This public risk level represents a high-level synthesis of material ESG risk considerations for Odal Sparebank. Full analysis, including risk drivers, evidence, and integration guidance, is available to sustainAX clients via regulated access. This assessment is based on a materiality-driven framework and does not represent a linear or numeric score.
Environmental RISK RATING* for Odal Sparebank:
High risk
Social RISK RATING* for Odal Sparebank:
Middle risk
Governance RISK RATING* for Odal Sparebank:
Middle risk
About the company:
Odal Sparebank (Odal or the Bank) is an independent local Norwegian savings bank, headquartered in Sand (Sagstua) in Nord-Odal and a member of the Eika Alliance. The history of Odal dates all the way back to 1877 and today the Bank has four branches - Sand in Nord Odal, Skarnes in Sr-Odal, Kongsvinger and Klfta in Romerike. The Bank with its 47 employees offers a broad range of banking products to more than 18.500 private- and corporate clients through a combination of sales offices and digital solutions. A key element to Odals business model is by being a member of the Eika Alliance, which enables product diversification and provides the opportunity to finance retail mortgages via Eika Boligkreditt. The UN Principles for Responsible Banking (PRB) serves as the Banks overall framework to align Odals ESG strategy and practice with the Sustainable Development Goals and the Paris Agreement.
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