Bank Of Ireland
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 56 is higher than 76% 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 2023, Bank of Ireland reported total carbon emissions of approximately 14,739,000 kg CO2e, with Scope 1 emissions at about 3,615,000 kg CO2e, Scope 2 emissions at approximately 6,066,000 kg CO2e (location-based), and Scope 3 emissions at around 5,058,000 kg CO2e. The bank's emissions from business travel constituted about 4,348,000 kg CO2e, highlighting significant areas for improvement. The bank has set ambitious climate commitments, aiming to reduce its operational emissions by at least 90% by 2030, with a target to achieve net-zero operations by the same year. This commitment includes neutralising the remaining 5-10% of greenhouse gas 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 targets align with the Science Based Targets initiative (SBTi), covering 51% of its total investment and lending activities as of 2020. The bank's efforts reflect a commitment to maintaining emissions reductions consistent with limiting global warming to 1.5°C. Overall, Bank of Ireland is actively working towards significant emissions reductions and sustainability goals, demonstrating a proactive approach to climate change within the financial sector.
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| 2017 | 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 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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 participating in some of the initiatives that 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.
