Bank of Ireland's sustainability-related finance portfolio grew by 32% in 2024 to EUR 14.7 billion, as the Irish lender continued to build towards its long-term target of EUR 30 billion in sustainable finance by 2030. The figures were disclosed in the bank's 2024 ESG investor presentation, which also set out progress on green bond issuance, market position in green mortgages and operational emissions reduction achieved over the year.
The bank had about EUR 4.8 billion of green bonds in issue under its Green Bond Framework at the end of 2024. Bank of Ireland also confirmed it holds the number-one market position for green mortgages in Ireland as of 2024.
EMISSIONS REDUCTION AND INTERIM TARGETS
Bank of Ireland achieved a 47% reduction in Scope 1 and 2 emissions by December 2024 against its 2020 baseline.
The bank said it remained on track to meet its EUR 15 billion interim sustainable finance target for 2025.
SUSTAINABLE FINANCE ACROSS THE LOAN BOOK
Sustainability-related finance at Bank of Ireland spans both retail and corporate lending, encompassing Irish and UK green mortgages, green commercial real estate, renewables project finance, electric vehicle finance and sustainability-linked loans. Irish green mortgages, the largest component at EUR 8.6 billion, grew 33% in 2024 and were the main driver of growth in green finance.
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