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 71 is higher than 84% 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 9,103,000 kg CO2e, comprising 3,537,000 kg CO2e from Scope 1, 13,000 kg CO2e from Scope 2, and 5,553,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions included significant contributions from business travel, which accounted for about 4,469,000 kg CO2e. 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 includes a specific goal of a 56% reduction in greenhouse gas emissions per square metre from its Commercial Real Estate (CRE) portfolio by 2030, using 2020 as the baseline year. Bank of Ireland's targets are aligned with the Science Based Targets initiative (SBTi), covering 51% of its total investment and lending activities as of 2020. The bank's commitment to reducing emissions is consistent with the reductions required to limit global warming to 1.5°C. Overall, Bank of Ireland is actively working towards significant emissions reductions and has established clear targets to enhance its sustainability efforts in the financial sector.
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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 | 0,000,000 |
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 by 10% last year and increased by approximately 10% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 61% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 80% of Scope 3 emissions.
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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