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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:
40-60 of 100
Middle risk
Where 100 is the lowest ESG risk and 0 is the highest risk.
*The ESG, E, S and G risk rating ranges indicate to what degree Odal Sparebank has addressed and mitigated their material ESG risks according to the sustainAX materiality matrix. sustainAX’ clients have access to the exact ESG risk rating.
**The weight in the aggregated ESG rating
Environmental RISK RATING* and WEIGHT** for Odal Sparebank:
20-40 of 100 – High risk
28%
Social RISK RATING* and WEIGHT** for Odal Sparebank:
40-60 of 100 – Middle risk
31%
Governance RISK RATING* and WEIGHT** for Odal Sparebank:
40-60 of 100 – Middle risk
41%
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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