- Complex transition to a low-carbon economy
- Impact of inflation and rising interest rates on customer repayment capacity
- Challenges in the housing sector
- Increased banking scams and fraud
- Data availability and quality challenges for financed emissions calculations
AIB Group plc
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, AIB Group plc disclosed greenhouse gas emissions of 7.6K tCO2e/year (Scope 1 & 2). By scope: Scope 1: 2.7K tCO2e/year; Scope 2: 4.9K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
7.6K tCO2e/year (Scope 1 & 2)
2023
Renewable Energy
100% (target by 2030)
of total energy
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 2.7K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 4.9K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 7.6K tCO2e/year (Scope 1 & 2) |
| 2022 | 8.9K tCO2e/year (Scope 1 & 2 location-based) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced absolute Scope 1 & 2 emissions by 49% since 2019
- Reduced operational emissions by 17% in 2023
- Increased green lending to €3.7 billion in 2023 (30% of new lending)
- €11.6 billion in green lending since 2019
- Reached 100% renewable electricity sourcing through a virtual Corporate Power Purchase Agreement (vCPPA)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce absolute Scope 1 GHG emissions by 34% by 2027
- Increase annual sourcing of renewable electricity to 100% by 2030
- 70% of new lending to be green or transition by 2030
- Allocate €800 million in social housing funding by 2024
📅 Medium-term
- Net zero in financed emissions by 2040 (Agriculture by 2050)
🔭 Long-term
- Net zero in own operations by 2030
🌱 ESG Focus Areas
Climate & Environmental ActionSocietal & Workforce ProgressGovernance & Responsible Business