Bank Of Ireland

Bank Of Ireland's reported carbon emissions

Bank of Ireland (IE) reported approximately 12.5 billion kg CO2e for Scope 3 emissions in 2025, with Scope 2 emissions at about 4.2 million kg CO2e (location-based). In 2024, the company's Scope 3 emissions were approximately 12.5 billion kg CO2e, and Scope 2 emissions were around 5.9 million kg CO2e (location-based). For the financial year 2023 (reporting year 2024), Bank of Ireland's total emissions were approximately 509.8 million kg CO2e, comprising Scope 1 emissions of about 54.2 million kg CO2e, Scope 2 emissions of roughly 12.4 million kg CO2e, and Scope 3 emissions of approximately 446.2 million kg CO2e. In 2022 (reporting year 2023), total Scope 1 and 2 emissions were approximately 10.8 million kg CO2e (location-based), with Scope 3 emissions at around 3.3 million kg CO2e. Bank of Ireland has set several climate commitments. The Group aims to make its own operations net zero by 2030, with a target to reduce operational emissions by at least 90% and neutralise the residual 5-10% by 2030. Additionally, the company targets a 56% reduction in CRE (Commercial Real Estate) portfolio greenhouse gas emissions per square metre by 2030, based on a 2020 baseline. Furthermore, there is a commitment to a 49% reduction in GHG emissions from its own operations (Scope 1 and 2) by 2030, supporting its broader aim of net zero emissions by 2030 from a 2020 baseline. The Science Based Targets initiative (SBTi) confirms that Bank of Ireland's near-term targets for scopes 1 and 2 emissions are consistent with limiting warming to 1.5°C. Their portfolio targets cover a significant portion of their investment and lending activities, with specific coverage percentages for different asset classes and loan portfolios. For instance, portfolio targets cover 51% of total investment and lending activities as of 2020, and 76% of its loan portfolio as of 2020. These targets do not include third-party asset management activities. Bank of Ireland Group plc's portfolio targets cover 50% of its total investment and lending by total balance sheet assets as of 2020.