Bank Of Ireland

Bank of Ireland (IE) reports its environmental impact within the financial intermediation services sector. For the reporting year 2025, the company's total reported carbon emissions were approximately 12.4 billion kg CO2e, primarily comprising Scope 3 emissions (around 12.36 billion kg CO2e). Scope 2 emissions for 2025 were approximately 4.2 million kg CO2e (location-based).

In the previous reporting year, 2024, Bank of Ireland's total emissions were approximately 12.5 billion kg CO2e, with Scope 3 emissions accounting for about 12.5 billion kg CO2e and Scope 2 emissions around 5.9 million kg CO2e (location-based).

Looking at earlier data, for the reporting year 2023, the company reported Scope 1 emissions of approximately 3.6 million kg CO2e, Scope 2 emissions of around 6.1 million kg CO2e (location-based), and Scope 3 emissions totalling approximately 5.1 million kg CO2e.

Bank of Ireland has set ambitious climate commitments, aiming for its own operations to be net zero by 2030. This includes a target to reduce operational emissions (Scope 1 and 2) by at least 90%, with plans to neutralise the residual emissions. The Group also aims for a 49% reduction in greenhouse gas emissions from its own operations (Scope 1 and 2) by 2030. Furthermore, a 56% reduction in CRE portfolio GHG emissions per square metre is targeted by 2030, based on a 2020 baseline.

The company's Science Based Targets initiative (SBTi) commitments indicate that their near-term targets, set for 2030, are aligned with a 1.5°C warming scenario for Scope 1 and 2 emissions. These targets cover a significant portion of their investment and lending activities.