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 here.
United Nations Global Compact
Please see for our 2021 Communication of Progress (CoP) here.
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.
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.
United Nations Environment Programme
AIB is 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.
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.
UN Net Zero Banking Alliance
AIB was 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.
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
AIB is 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.
AIB Group has become the first Irish bank to adopt the Equator Principles, a globally recognised risk management framework used by financial institutions for determining, assessing and managing environmental and social risk in projects. The framework is primarily intended to provide a minimum standard for due diligence and monitoring to support responsible risk decision-making.
Click Here to read more about the Equator Principals.