Bank Of Ireland Sustainability Profile
Bank of Ireland, one of the oldest financial institutions in Ireland, was founded in 1783 and has since established itself as a leading player in the banking sector. Headquartered in Dublin, IE, the bank operates extensively across Ireland and the UK, providing a wide range of financial services. Specialising in personal banking, business banking, and wealth management, Bank of Ireland is renowned for its innovative products, including tailored mortgage solutions and comprehensive investment services. The bank's commitment to customer service and digital banking solutions sets it apart in a competitive market. With a strong market position, Bank of Ireland has achieved numerous milestones, including significant contributions to the Irish economy and a robust presence in the financial services industry. Its dedication to sustainability and community engagement further enhances its reputation as a trusted financial partner.
DitchCarbon Score
How does Bank Of Ireland'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
Bank Of Ireland's score of 70 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Of Ireland's reported carbon emissions
In 2024, Bank of Ireland reported total carbon emissions of approximately 35,370,000 kg CO2e for Scope 1, 5,902,000 kg CO2e for Scope 2 (location-based), and a significant 32,634,613,000 kg CO2e for Scope 3 emissions. This represents a notable commitment to transparency in their emissions reporting, covering all three scopes. The bank has set ambitious targets to reduce its operational emissions by at least 90% by 2030, with a commitment to achieve net-zero operations by the same year. This includes a specific target to reduce Scope 1 emissions and a similar 90% reduction target for Scope 2 emissions. Additionally, Bank of Ireland aims for a 56% reduction in greenhouse gas emissions per square metre in its Commercial Real Estate portfolio by 2030, using 2020 as the baseline year. Bank of Ireland's climate commitments align with the Science Based Targets initiative (SBTi), where they have set targets consistent with limiting global warming to 1.5°C. Their portfolio targets cover 51% of total investment and lending activities as of 2020, with 76% coverage within their loan portfolio. Overall, Bank of Ireland is actively working towards significant emissions reductions and has established a clear framework for achieving its climate goals, demonstrating leadership in the financial sector's response to climate change.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | - | 00,000,000 | 000,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 00,000,000,000 |
How Carbon Intensive is Bank Of Ireland's Industry?
How Carbon Intensive is Bank Of Ireland's Location?
Bank Of Ireland's Scope 3 Categories Breakdown
Bank Of Ireland's Scope 3 emissions, which increased significantly last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 66% of Scope 3 emissions.
Top Scope 3 Categories
Bank Of Ireland'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.
Bank Of Ireland has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Bank Of Ireland's sustainability data and climate commitments