Bank Of Ireland

Bank Of Ireland's reported carbon emissions

Bank of Ireland, headquartered in IE and operating in financial intermediation services (excluding insurance and pension funding), has reported a total of approximately 12.37 billion kg CO2e for the year 2025. This figure encompasses Scope 1, 2, and 3 emissions. For 2024, total emissions were approximately 12.51 billion kg CO2e. In 2023, total emissions were around 509.81 million kg CO2e, comprising approximately 54.20 million kg CO2e from Scope 1, and about 12.43 million kg CO2e from Scope 2. Scope 3 emissions for 2023 were approximately 446.19 million kg CO2e. Bank of Ireland has established several climate commitments: * **Net Zero Operations:** The Group commits to making its own operations net zero by 2030. This includes a target to reduce operational emissions by at least 90% and neutralise the residual 5-10% of greenhouse gas emissions. * **Scope 1 and 2 Reduction:** A target is in place for a 49% reduction in GHG emissions from its own operations (Scope 1 and 2) by 2030, supporting its broader aim of net zero by 2030. * **CRE Portfolio Intensity:** A 56% reduction in Commercial Real Estate (CRE) portfolio greenhouse gas emissions per square metre is targeted by 2030, using a 2020 base year. The bank's Science Based Targets initiative (SBTi) engagement indicates that its targets for company operations (Scopes 1 and 2) are consistent with keeping warming to 1.5°C. For its portfolio, Bank of Ireland's targets cover a significant portion of its investment and lending activities, with specific coverage percentages reported for 2020. The organisation is identified as a Financial Institution with a near-term target classification of 1.5°C, aiming for reductions by 2030, and in some instances, 2025. The data for emissions and reduction targets is directly attributed to Bank of Ireland Group plc, with no indication of data cascading from a parent organisation.