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.