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.
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.
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.
Bank Of Ireland's score of 26 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Bank of Ireland reported total carbon emissions of approximately 14,739,000 kg CO2e. This figure includes 3,615,000 kg CO2e from Scope 1 emissions, 10,000 kg CO2e from Scope 2 emissions, and 5,058,000 kg CO2e from Scope 3 emissions. The bank has demonstrated a commitment to reducing its carbon footprint, with significant reductions observed over the years. For instance, emissions decreased from about 17,782,000 kg CO2e in 2020 to 14,739,000 kg CO2e in 2023. Bank of Ireland has set near-term targets aligned with the Science Based Targets initiative (SBTi), aiming for a 1.5°C pathway by 2030. These targets cover 51% of its total investment and lending activities as of 2020, with 76% of its loan portfolio included. The bank's emissions reduction strategies focus on scopes 1 and 2, which are consistent with the necessary reductions to limit global warming. Overall, Bank of Ireland is actively working towards reducing its carbon emissions while maintaining transparency in its climate commitments and progress.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|---|
Scope 1 | - | - | 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 |
Scope 3 | - | - | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bank Of Ireland is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.