Allied Irish Banks, p.l.c. Sustainability Profile
Allied Irish Banks, p.l.c. (commonly known as AIB) is a leading financial institution headquartered in Dublin, Ireland (IE). Established in 1966, AIB has grown to become a prominent player in the banking sector, primarily serving customers across Ireland and the UK. The bank offers a comprehensive range of services, including personal and business banking, mortgages, and investment solutions, distinguished by its commitment to customer service and innovative digital banking solutions. With a strong market position, AIB has achieved significant milestones, including its successful transition to a publicly listed company. The bank is recognised for its robust financial performance and dedication to sustainable banking practices, making it a trusted choice for individuals and businesses alike. AIB continues to adapt to the evolving financial landscape, ensuring it meets the diverse needs of its clientele.
DitchCarbon Score
How does Allied Irish Banks, p.l.c.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Allied Irish Banks, p.l.c.'s score of 39 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Allied Irish Banks, p.l.c.'s reported carbon emissions
In 2018, Allied Irish Banks, p.l.c. reported significant carbon emissions, with Scope 1 emissions totalling approximately 4,821,000 kg CO2e and Scope 2 emissions at about 13,257,000 kg CO2e in Ireland. In Great Britain, Scope 1 emissions were around 375,000 kg CO2e, while Scope 2 emissions reached approximately 974,000 kg CO2e. The bank's global Scope 3 emissions were substantial, with business travel contributing about 3,493,000 kg CO2e and employee commuting accounting for approximately 4,749,000 kg CO2e. Despite these figures, Allied Irish Banks has not set specific reduction targets through the Science Based Targets initiative (SBTi) or other formal climate pledges. The emissions data is cascaded from its parent company, AIB Group plc, indicating a corporate commitment to sustainability, although no specific reduction initiatives or targets have been disclosed. Overall, Allied Irish Banks is actively monitoring its carbon footprint, particularly in Scope 1 and 2 emissions, while also acknowledging the significant impact of Scope 3 emissions from business travel and employee commuting. The bank's commitment to addressing climate change remains a focus, although further details on reduction strategies are currently lacking.
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| 2009 | 2011 | 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 11,514,000 | 00,000,000 | 0,000,000 | - | 0,000,000 | 0,000,000 | - |
| Scope 2 | 3,912,000 | 0,000,000 | 0,000,000 | - | 0,000,000 | 00,000 | - |
| Scope 3 | - | - | - | - | - | 0,000,000 | 00,000,000 |
How Carbon Intensive is Allied Irish Banks, p.l.c.'s Industry?
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Allied Irish Banks, p.l.c.'s Scope 3 Categories Breakdown
Allied Irish Banks, p.l.c.'s Scope 3 emissions, which increased by 76% last year and increased by approximately 76% since 2017, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 63% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 40% of Scope 3 emissions.
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Allied Irish Banks, p.l.c.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Allied Irish Banks, p.l.c. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
