In 2024, Bank of Ireland Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Bank of Ireland Group has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 3,537a | 3,615a | 3,682b | |
Total Scope 2 | ||||
Market-Based | 13a | 10a | 12b | |
Location-Based | 5,902a | 6,066a | N/A | |
Total Scope 3 | 12,502,613a | 5,058a | 3,261b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.7618a | 0.7273a | 1.0996b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Bank of Ireland Group amounted to 9,439 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Bank of Ireland Group decreased by 2.5%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Bank of Ireland Group were 3,537 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Bank of Ireland Group's Scope 1 emissions have decreased by 3.94%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Bank of Ireland Group's Scope 1 emissions decreased by 2.16%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Bank of Ireland Group reported Scope 2 greenhouse gas (GHG) emissions of 13 tCO₂e using the market-based method and 5,902 tCO₂e using the location-based method.a
Compared to the previous year (2023), Bank of Ireland Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Bank of Ireland Group's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Bank of Ireland Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Bank of Ireland Group reported 12,502,613 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Bank of Ireland Group includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 4 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Bank of Ireland Group reported total Scope 3 emissions of 12,502,613 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0.04% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.96% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2022, Bank of Ireland Group's Scope 3 emissions have increased by 383,298.13%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Bank of Ireland Group's Scope 3 emissions increased by 247,084.91%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Bank of Ireland Group reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Bank of Ireland Group's Scope 3 emissions were:a
In 2024, Bank of Ireland Group reported Scope 1 greenhouse gas (GHG) emissions of 3,537 tCO₂e and total revenues of USD 4,643 millions. This translates into an emissions intensity of 0.76 tCO₂e per millions USD.a
In 2024, Bank of Ireland Group reported a Scope 1 emissions intensity of 0.76 tCO₂e per millions USD. Compared to the peer group median of 0.8, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Bank of Ireland Group ranked 13 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Bank of Ireland Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Bank of Ireland Group reported a total carbon footprint of 12,512,052 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 84,790.78% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Bank of Ireland Group's total carbon footprint was Scope 3 emissions, accounting for 99.92% of the company's total carbon footprint, followed by Scope 2 emissions at 0.05%.a