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# AIB doubles its 2030 green and transition lending target to €60 billion
- URL: https://www.theglobalbanker.com/aib-doubles-its-2030-green-and-transition-lending-target-to-eur60-billion/
- Published: 2026-11-13T14:30:30.000Z
- Updated: 2026-11-13T14:30:30.000Z
- Description: AIB raises its green and transition lending goal to €60 billion by 2030 after deploying €28 billion, or 93% of its previous €30 billion target.
- Author: TGB Editorial Team
- Tags: ESG, Europe, #newsroom, #needs-photo

AIB has doubled its green and transition lending target to €60 billion by 2030, from €30 billion, with chief executive Colin Hunt announcing the change at the COP31 climate talks in Turkey.

AIB said it had already deployed €28 billion in cumulative green and transition funds since 2019, or 93% of the existing target. It lent €6.3 billion in green lending last year, 43% of its new lending, and a further €5.3 billion in the first nine months of this year.

## WHERE THE MONEY GOES

AIB said the higher target would support customers, from large-scale renewable energy infrastructure and energy-efficient homes to businesses and farmers cutting their environmental footprints. The bank continues to target 70% of all new lending being classified as green or transition by 2030.

"That means financing renewable energy, helping households improve the energy efficiency of their homes and supporting businesses - large and small - as they make the transition," Hunt said. He added that "a sustainable economy will be a stronger, more competitive and more resilient economy".

Hunt also accepted that "progress will not always be linear", saying the bank's commitment was to stay the course and work with customers to turn opportunities into sustainable projects while supporting a transition that leaves nobody behind.

## HOW THE TARGET HAS GROWN

The 70% goal was set when green and transition loans made up 20% of AIB's new lending, and to reach it the bank tripled the money allocated for green lending to €30 billion by 2030\. The government had set legally binding targets in 2021 to cut overall greenhouse gas emissions by 51% by 2030, which it said would require about €125 billion of investment, mainly from the private sector.

AIB became the first Irish bank to issue a green bond in 2020, and its tenth green bond, a senior non-preferred issue that raised €750m, drew a peak order book of €2.2bn. By the time of that issue, the bank had raised €7.2bn from green bonds, including refinancing.

## FINANCE DAY AT COP31

It is Finance and Trade Day at COP31, and AIB is hosting an event at the Ireland pavilion on the conditions that let capital move into projects faster, at greater scale and across more markets. The session, "Banking on Electrification", brings together Hunt and leaders from policy, development finance, industry and private finance.

## THE TGB VIEW

In the TGB Bank Rankings table of the largest banks in Europe 2026, ranked by total assets, [AIB Group](https://www.theglobalbanker.com/rankings-europe/) is 49th, with US$174.1bn of assets and a 14.6% return on equity, one place behind Bank of Ireland, which has more assets at US$193.6bn but a return on equity of 9.3%. For comparison, Citigroup has allocated about US$647bn towards its US$1tn sustainable finance target, also due by 2030\. AIB has to climb from €28 billion deployed to €60 billion, so the run rate is the figure to watch after €6.3 billion of green lending last year and €5.3 billion in the first nine months of this year.