Bank of Ireland Green Bond Framework (April 2024)

The document has undergone a complete transformation from Bank of Cyprus' Sustainable Finance Framework (2023) to Bank of Ireland's Green Bond Framework (2024). This represents a change in issuing institution entirely, which explains the structural and content differences. The newer 2024 version features a more streamlined structure, introduces specific quantified sustainability targets (€15 billion by 2025, €30 billion by 2030), adds explicit exclusion criteria to the framework, and emphasizes sectoral focus areas (agriculture, built environment, energy, transport) that were not present in the 2023 version. The governance and strategic alignment have also shifted to reflect Bank of Ireland's organizational purpose and values.

• added Climate Target — Introduced specific quantified sustainability finance targets: €15 billion by 2025 and €30 billion by 2030
• added Standards Alignment — Explicitly aligned framework to UN Sustainable Development Goals (SDGs) with emphasis on ESG considerations beyond climate and Net Zero
• added Use of Proceeds — Defined specific sectoral focus areas for green financing: agriculture, built environment, energy, and transport
• added Exclusion Criteria — New section introduced for Exclusion Criteria under the sustainable finance approach
• modified Use of Proceeds — Framework reorganized to emphasize sustainable finance products as distinct component of the overall green bond framework
• tightened Eligibility Criteria — Introduced explicit sectoral targeting and decarbonization requirements for loan portfolio, indicating more defined eligibility parameters