XF-BG5JL8T-T AIB Group - Framework Report
Related Documents
People Cited in This Document
- Mark Whelan head Aib
- Eoin Moore head Aib
- Niamh Hore head Aib
- Maddison Hampson manager Aib
- Siobhain Walsh head Aib
- Grace Loring manager Aib
How to Cite This Record
Use the XFID in citations to create a stable, permanent reference that resolves to this registry entry regardless of the source URL.
AIB Group PLC (2024). AIB Group - Framework Report. XFID: XF-BG5JL8T-T. Retrieved from https://xframework.id/XFBG5JL8TT
XF-BG5JL8T-T Changes from Previous Version
Between the 2020 and 2024 versions, AIB Group plc significantly expanded its sustainability commitments and green financing framework. The 2024 version introduces specific quantitative climate targets (Net Zero by 2030, 70% green/transition lending by 2030), substantially increases the Climate Action Fund from €5bn to €10bn, and adds new strategic initiatives like the Social Housing Fund and explicit ESG ratings disclosures. The framework now includes more detailed governance commitments (gender-balanced board/ExCo), a formal Excluded Activities List, and alignment with international standards (UNEP FI PRB, TCFD). The reporting structure has evolved to encompass financed emissions (Scope 1, 2, 3) and sector transition pathways, reflecting stronger accountability and transparency standards than the earlier framework.
- added Climate Target — Net Zero commitment by 2030 established as a specific, time-bound target
- added Climate Target — 70% of new lending to be green or transition by 2030 target introduced
- added Use of Proceeds — Social Housing Fund (€300m) introduced as a dedicated proceeds category
- added Standards Alignment — UNEP FI Principles for Responsible Banking (PRB) signatory commitment added as founding signatory
- added Standards Alignment — Task Force on Climate-related Financial Disclosures (TCFD) supporter status added
- added Exclusion Criteria — Excluded Activities List formally introduced to define ineligible sectors/activities
- added Governance — Gender-balanced board and Executive Committee target established
- added Governance — Responsible Supplier Code formally adopted as governance commitment
- added Governance — Human Rights Commitment formally adopted as governance framework
- added Reporting — Sector transition pathways introduced for climate impact reporting (agriculture, biodiversity, etc.)
- added Reporting — ESG ratings disclosures (MSCI, Sustainalytics, S&P) integrated into public reporting framework