Our Commitment to Sustainability
Our Sustainability Strategy
Previous Sustainability Reports
We have published annual Sustainability Reports to Global Reporting Initiative (GRI) standards outlining the progress the bank has made since 2016.
- Climate Finance Week
- Grow it Yourself (GIY)
- Think Tank for Action on Social Change (TASC)
Climate Finance Week
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.
AIB has partnered with FoodCloud, a multi award-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. During the first three years of the partnership 6,300 tonnes of surplus food were redistributed – the equivalent of 15.1 million meals and 20,353 tonnes of CO2-eq avoided. In Feb 2021 AIB committed a further €1.5m to support FoodCoud for another three years.
Click here to find out more about FoodCloud
AIB has supported GAA in Ireland for over 30 years currently backing both Club and County championships. We are proud to continue to support the Club Championships across football, hurling and camogie. The AIB GAA Club Championships, provides an opportunity for the thousands of players, coaches and volunteers who enable the playing and development of GAA nationwide to shine, as they seek All-Ireland Champions status for their clubs and communities.
Grow it Yourself (GIY)
AIB signed up to partner with GIY in the GROW Circle in 2020. GIY is a not for profit social enterprise helping people to grow some of their own food at home, at work, at school and in the community. Click here to find out more about GIY.
Think Tank for Action on Social Change (TASC)
AIB are very proud to support TASC where two very different communities – Phibsborough on Dublin’s Northside and the village of Ardara in West Donegal – are the first to sign up to TASC’s pioneering new People’s Transition project. It promotes a participative decision-making model that views climate action as an enabler for thriving local development, more jobs and better and healthier standards of living. Click here to see more about the project.
Our Commitments & Progress
- ESG Ratings
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.
The international environmental impact non-profit organisation CDP highlighted AIB as a global leader in corporate climate action. AIB has achieved the Leadership rating since 2018 and the only bank in Ireland or the UK to make the Global A list in 2020. To achieve this we’ve reduced our carbon footprint in our business and continue to increase our levels of disclosure on the impact of climate risks to our business.
Every year AIB proactively responds to the CDP Climate Change questionnaire. Click here to view our 2020 response
Task Force on Climate-related Financial Disclosures (TCFD) - AIB became a supporter of the Task Force on Climate-related Financial Disclosures (TCFD) in 2019. The TCFD recommends voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers and other stakeholders. Our first disclosures for 2020 can be found in our Sustainability report.
United Nations Environment Programme – Finance Initiative Principles for Responsible Banking -AIB 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 AIB has joined a coalition of 130 banks worldwide, that have committed to taking on a crucial role in helping to achieve a sustainable future.
Valuable 500 - The Valuable 500 is a new global movement putting disability on the business leadership agenda. It is a global business to business initiative catalysing the influence of large private sector corporations in national and international markets.
Low Carbon Pledge - AIB is proud to have signed up to the refreshed Business in the Community Ireland Low Carbon Pledge announced in March 2021, committing to set carbon emissions reduction targets based on science by 2024. This will include measuring and reducing our entire carbon footprint (scope 1,2 and 3) in line with the Paris Agreement and the latest IPCC findings.
United Nations Global Compact - The aim of the UN Global Compact is to encourage businesses worldwide to adopt sustainable and socially responsible policies. The UN Global Compact is a principles-based framework for businesses, stating ten principles in the areas of human rights, labour, the environment and anti-corruption. With 12,254 companies in 158 countries engaged in the UN Global Compact, it is considered to be the world’s largest corporate sustainability initiative.
Human Rights Commitment - AIB is committed to the protection and preservation of human rights. We respect human rights in accordance with internationally accepted standards. Our commitment has been shaped by the United Nations Guiding Principles on Business and Human Rights. The purpose of this commitment is fundamental in guiding the organisation in its strategic vision, operations and relationships with stakeholders.
World Economic Forum Stakeholder Capitalism Metrics - We are proud to be the first Irish company to have committed to use World Economic Forum Stakeholder Capitalism metrics in our reporting, joining 78 other sustainability-focused companies globally. The Forum’s Stakeholder Capitalism metrics are based on the four value-driven principles of People, Planet, Prosperity and Governance. This commitment reflects our pledge to lead with purpose and to seek long-term value creation by adopting a multi-stakeholder approach.
UN Net Zero Banking Alliance - We are the first Irish bank to join the UN Net Zero Banking Alliance which brings together over 160 firms to accelerate the transition to net zero emissions by 2050 at the latest.
We have seen good progress in 2020, across our ESG credentials, seeing an improvement in our ratings across ESG rating agencies, retention of our CDP Climate Leadership status & inclusion on the FTSE4Good. Click here to see our ESG Ratings.
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.