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Sparebanken Sogn og Fjordane – ESG risk research and ESG rating
We at sustainAX have ESG risk researched and ESG risk rated Sparebanken Sogn og Fjordane and our clients can access the reseach on their Bloomberg terminals.
Sparebanken Sogn og Fjordane is in the materiality based sector of FINANCE.
Our ESG risk research of Sparebanken Sogn og Fjordane
Our approach to ESG research is fundamental, that means that we have studied all relevant publications by Sparebanken Sogn og Fjordane 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 Sparebanken Sogn og Fjordane. We have published a 33 pages ESG research report on Sparebanken Sogn og Fjordane 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 Sparebanken Sogn og Fjordane.
More about our ESG risk research here: https://www.sustainax.com/index.php/esg-research/
AGGREGATED ESG RISK RATING* for Sparebanken Sogn og Fjordane:
60-80 of 100
Low 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 Sparebanken Sogn og Fjordane 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 Sparebanken Sogn og Fjordane:
60-80 of 100 – Low risk
27.61 %
Social RISK RATING* and WEIGHT** for Sparebanken Sogn og Fjordane:
60-80 of 100 – Low risk
30.68 %
Governance RISK RATING* and WEIGHT** for Sparebanken Sogn og Fjordane:
60-80 of 100 – Low risk
41.69 %
About the company:
Sparebanken Sogn og Fjordane is the largest bank in the Sogn og Fjordane region of Norway, with total assets of NOK 73.6 billion and 286 full-time equivalent employees. The Bank has 12 branches in Sogn og Fjordane. It also has a branch in Bergen.The Bank is the dominant player in the retail banking market in Sogn og Fjordane. It has NOK 48.7 billion in outstanding loans to people in Sogn og Fjordane and the rest of Norway. This comprises 76 percentof the Bank’s total lending. The Bank has NOK 15.6 billion of outstanding loans to businesses, primarily in Sogn og Fjordane. This comprises 24 percent of the Bank’s total lending. Many of the municipalities in the region use Sparebanken Sogn og Fjordane as their main bank. Sparebanken Sogn og Fjordane is becoming SpareBank 1 Sogn og Fjordane In 2024, Sparebanken Sogn og Fjordane will become SpareBank 1 Sogn og Fjordane. That became clear in April, when the Bank announced that it was buying a stake in the SpareBank 1 alliance.
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