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 57 is higher than 98% 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. This figure includes 3,615,000 kg CO2e from Scope 1 emissions, primarily from direct fuel combustion, and 6,066,000 kg CO2e from Scope 2 emissions, which are associated with purchased electricity. Additionally, Scope 3 emissions totalled about 5,058,000 kg CO2e, with significant contributions from business travel at 4,348,000 kg CO2e. Comparatively, in 2022, the bank's total emissions were about 14,739,000 kg CO2e, indicating a slight increase in emissions year-on-year. The breakdown for 2022 included 3,625,000 kg CO2e from Scope 1, 6,100,000 kg CO2e from Scope 2, and 5,058,000 kg CO2e from Scope 3. Bank of Ireland has set near-term targets aligned with a 1.5°C pathway, aiming to cover 51% of its total investment and lending activities by 2030. Within its loan portfolio, the targets encompass 76% of lending activities as of 2020. These targets are designed to ensure that emissions from the bank's operations (Scopes 1 and 2) are consistent with the reductions necessary to limit global warming to 1.5°C. The bank has not committed to a net-zero target as of now, but its initiatives reflect a commitment to reducing its carbon footprint and addressing climate change within its operational framework.
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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 | 000,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 00,000,000,000 |
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.
