Our Commitment to Sustainability
At AIB, sustainability is at the very heart of our business.
For us, that means reducing our carbon footprint across our own operations and helping our customers to make the transition to a low-carbon economy.
Essentially it means being more aware of the finite nature of our natural resources and doing all we can to reduce our use of things that damage or drain the environment and do more of the things that don’t.
That’s why we’re committing to achieving Carbon Neutrality across our operations by 2030, using a Net Zero approach.
We pledge to DO MORE.
Our sustainability strategy
- Climate action
- Better banking experiences
- Economic & Social inclusion
- Responsible & Resilient Technology
Previous Sustainability Reports
We have published annual Sustainability Reports to Global Reporting Initiative (GRI) standards outlining the progress the bank has made since 2016.
Our Sustainability journey so far
- Proud Partners with FoodCloud
- Green Mortgage
- Green Bond Framework and issuance
- Proud Sponsors of Climate Finance Week 2020
- Low Carbon Pledge
- Partnership with Nissan
Proud Partners with FoodCloud
AIB has partnered with FoodCloud, a multiaward-winning social enterprise that enables the redistribution of surplus food from industry to the charity sector. FoodCloud has helped ensure 75 million meals have gone to people and not to waste; they now move more than 37 meals every minute of every day. With AIB’s support, FoodCloud have increased their impact by 160% since 2018, with the aim to double it by the end of 2020.
Click here to find out more about FoodCloud.
If you are buying or building a high energy rated home, we are offering a new, lower rate of interest with our new Green 5 Year Fixed Rate mortgage.
Click here to find out more.
In 12 months, there was €245m drawdowns for green mortgages and we estimate that these new homes will reduce CO2 emissions by around 137,000 tonnes over 30 years.
Green Bond Framework and issuance
In September 2019, we launched a Green Bond Framework to support lending to projects in energy-efficient building, renewable energy, CO2 reduction and other climate related initiatives. €5 billion will be made available for climate related and green products over the next five years.
Click here to find out more about the framework.
In September 2020, AIB was the first Irish bank and the second in Europe to issue a green bond. The total issuance was for €1bn.
Proud Sponsors of Climate Finance Week 2020
At AIB we believe it is important to support Ireland in its transition to a low-carbon economy. With this in mind we need to consider the impact of climate change in our decision making. This is why we are official sponsors of the fourth Climate Finance Week Ireland 2020.
For more information on Climate Finance Week, click here.
Low Carbon Pledge
We have signed up to the Low Carbon Pledge in a commitment to reduce Scope 1 & 2 greenhouse gas emissions by 50% by 2030.
Partnership with Nissan
Nissan and AIB have come together as the new driving force behind an ambitious initiative to put more Electric Vehicle (EV) drivers onto Irish roads and help support the transition to a low-carbon economy. The ‘Power of Zero’ initiative offers consumers the opportunity to buy a new Nissan LEAF with 0% finance and to avail of one year’s free servicing.
Awards & Accreditations
- United Nations Environment Programme – Finance Initiative (UNEP FI)
- Force on Climate-related Financial Disclosers (TCFD)
- Sustainable Business Impact Awards 2020
The international environmental impact non-profit organisation CDP highlighted AIB as a global leader in corporate climate action. AIB was one of only two Irish organisations to achieve a CDP Climate Change A rating in 2018 and 2019. To achieve this we’ve reduced our carbon footprint in our business and continue to do so.
Every year AIB proactively responds to the CDP Climate Change questionnaire. Click below to view our responses:
AIB is the first Irish company to achieve the Business Working Responsibly (BWR) mark for our global operations. The BWR mark is the only independently audited standard for Sustainability in Ireland and is audited by the NSAI and based on the international standard for Social Responsibility - ISO 26000.
For environmental and energy management, AIB is certified to ISO 14001 and ISO 50001. Certification to these international standards is proof of our commitment to minimising our environmental impact.
United Nations Environment Programme – Finance Initiative (UNEP FI)
We are a Founding Signatory of the UNEP FI (United Nations Environment Programme – Finance Initiative) Principles for Responsible Banking, committing to strategically align our business with the Sustainable Development Goals and the Paris Agreement on Climate Change, joining a coalition of 130 banks worldwide, representing over USD 47 trillion in assets, in committing to taking on a crucial role in helping to achieve a sustainable future.
Force on Climate-related Financial Disclosers (TCFD)
AIB have become a supporter of Force on Climate-related Financial Disclosers (TCFD). The TCFD recommends voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers and other stakeholders.
Sustainable Business Impact Awards 2020
AIB received the Excellence in Environment award and was also awarded the Outstanding Achievement in Sustainable Business Impact Award by Chambers in 2020. AIB demonstrated sustainable business practices of the highest standard, while at the same time committing to implementing and doing more.
Related Codes & Policies
Lending criteria, terms and conditions apply.
Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required.
Allied Irish Banks, p.l.c. is an authorised agent and servicer of AIB Mortgage Bank in relation to the origination and servicing of mortgage loans and mortgages. Allied Irish Banks, p.l.c. and AIB Mortgage Bank are regulated by the Central Bank of Ireland.