Sydbank will be re­spect­ful of the en­vi­ron­ment in all aspects of its business and make a positive dif­fer­ence in order to reach its own, national and global climate targets. We optimise energy ef­fi­ciency on an ongoing basis to reduce the Bank’s energy con­sump­tion and high priority is given to ensuring trans­parent reporting of our con­sump­tion.

Target: 75% reduction in CO2e from own op­er­a­tions in 2030 compared to emissions in 2019.

It is not enough to help our customers finance energy efficient solutions. We must also of course reduce CO2e emissions from our own op­er­a­tions.

Con­se­quently at Sydbank we have set a target to reduce CO2e emissions from our own op­er­a­tions.

The target concerns the Bank’s own internal op­er­a­tions and includes direct as well as indirect emissions. Direct CO2e emissions – scope 1 emissions – consist of emissions from prop­er­ties owned or leased by Sydbank as well as transport in Sydbank’s cars. Indirect CO2e emissions – scope 2 emissions – consist of con­sump­tion of energy purchased that is used to produce elec­tric­ity, district heating and district cooling. CO2e emissions are cal­cu­lated according to the Green­house Gas Protocol. The year of com­par­i­son as regards the target is the CO2e footprint at year-end 2019.

Sydbank strives to lower the Bank’s con­sump­tion by focusing on energy op­ti­mi­sa­tion. The Bank keeps track of con­sump­tion by means of an energy man­age­ment tool that monitors 95% of the Bank’s building stock. The tool sends a warning if there are vari­a­tions in readings, for instance con­stantly high con­sump­tion or in­suf­fi­cient data – and more than 1,100 alarms are linked to the system.

Sydbank focuses on energy op­ti­mi­sa­tion in order to reduce actual con­sump­tion. In order to reach its target Sydbank plans to set up ad­di­tion­al solar cell systems and implement new tech­nolo­gies to control ven­ti­la­tion, heat and cooling systems.

Sydbank does not regard climate com­pen­sa­tion as a first choice or licence to emit CO2e. First and foremost the Bank strives to reduce its emissions as much as possible by means of measures that reduce actual con­sump­tion. So carbon off­set­ting is not a long-term solution but an existing al­ter­na­tive aid. We purchase elec­tric­ity generated by modern Danish wind turbines to offset the Bank’s un­avoid­able CO2e emissions from elec­tric­ity.