Excluded Activities

Corporate, Institutional & Business Banking

Sustainability Exclusion List

AIB Group is committed to embedding Sustainability at the core of everything we do. Under our Strategic Pillar; Sustainable Communities, we pledge to 'Do More' to help our communities become more sustainable, and recognise the increasing global challenge of creating long-term value for all stakeholders without negatively impacting how and where we live and do business. With this in mind, AIB Corporate, Institutional and Business Banking (CIB) has elected to implement a Sustainability Exclusion List across all its wholesale businesses units1. This means these business units will no longer provide term finance and/or advisory services to customers who are deemed to engage in a defined list of Excluded Business Activities, which we believe cause irreversible environmental and/or social harm to society and our communities.

CIB does not have any material exposures to these areas and by embedding this list at origination stage, we are ensuring a more sustainable loan book into the future. 

AIB CIB Wholesale1 will not provide term loan products or advisory services to any entities or their subsidiaries, involved in:

Energy & Climate Action

  • Exploration, extraction and upgrading of oil sands projects;
  • Nuclear Power Generation;
  • Nuclear waste transportation, decommissioning and/or final disposal of high-level nuclear waste;
  • Coal or oil fired power generation (other than emergency or stand by oil generation) except where less than 25% of revenues are generated from this activity and only where there is a plan to move to sustainable fuels by 2025;
  • Onshore/offshore exploration, extraction or refining of Coal or Oil;
  • Natural Gas fracking;

Animal Welfare

  • Producing, processing animal fur;
  • Support of any type of animal fights for entertainment;
  • The use of dynamite or poison to the catch marine and fresh water species (including shellfish) in the wild;

Ecosystem Protection

  • Deforestation or the burning of natural ecosystems for the purposes of land clearance;
  • Timber from illegal trading or logging operations;
  • Production or trade in wood or other forestry products other than from sustainably managed forests;

Healthcare/Genetic Engineering

  • The development of Genetic Engineering or Genetic Modification on humans;
  • The development of Genetic Engineering or Genetic Modification on animals for non-medical purposes;

Adult Entertainment

  • Online pornography;

Surveillance/Arms Related/Military

  • Anti-personnel landmines2/Cluster munitions3;
  • Weapons of Mass Destruction including the production, maintenance or trade of nuclear, biological4, chemical5 and toxin weapons;
  • Any activity that adversely impacts Human Rights defined by the UN6;

[1] CIB Wholesale consists of all CIB business units apart from Business Banking and Private Banking

[2] As defined in Article 2 of the Convention on the Prohibition of the Use, Stockpiling, Production and Transfer of Anti-Personnel Mines and on their Destruction

[3] As defined in Article 2 of the Convention on Cluster Munitions

[4] As defined in Article I of the Convention on the Prohibition of the Development, Production and Stockpiling of Bacteriological (Biological) and Toxin Weapons and on their Destruction

[5] As defined in Article II of the Convention on the Prohibition of the Development, Production, Stockpiling and

Use of Chemical Weapons and on their Destruction (Chemical Weapons Convention)

[6] As listed on the UN website: https://www.un.org/en/universal-declaration-human-rights/