Potential offtaker

Bank of Ireland Group

www.bankofireland.com

Estimated electricity consumption

N/A

Countries of production presence

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Bank of Ireland Group is one of the leading financial institutions in Ireland, providing a wide range of banking and financial services to its customers. The company operates in the banking sector and has a strong presence in both the Republic of Ireland and Northern Ireland. With a history dating back to 1783, Bank of Ireland Group has established itself as a trusted and reliable financial partner for individuals, businesses, and communities across the country.

In recent years, Bank of Ireland Group has taken significant steps towards decarbonisation and reducing its carbon footprint. The company has recognised the urgent need to address climate change and has committed to playing its part in the transition to a low-carbon economy. As part of its sustainability strategy, Bank of Ireland Group has set ambitious targets to reduce its carbon emissions and increase its use of renewable energy.

One of the key ways in which Bank of Ireland Group is reducing its carbon footprint is through its corporate energy programme. The company has implemented a range of energy efficiency measures across its operations, including the installation of energy-efficient lighting and heating systems, the use of renewable energy sources, and the implementation of smart building technologies. These measures have helped Bank of Ireland Group to reduce its energy consumption and carbon emissions, while also saving money on energy costs.

In addition to its energy efficiency measures, Bank of Ireland Group is also investing in renewable energy. The company has signed a number of corporate power purchase agreements (PPAs) with renewable energy providers, which enable it to purchase renewable energy directly from the source. By doing so, Bank of Ireland Group is supporting the development of new renewable energy projects and helping to drive the transition to a low-carbon economy.

One of the key benefits of corporate PPAs is that they provide a stable, long-term source of renewable energy for businesses. This enables companies like Bank of Ireland Group to reduce their reliance on fossil fuels and transition to a more sustainable energy mix. In addition, corporate PPAs can also provide cost savings for businesses, as renewable energy prices continue to fall.

Bank of Ireland Group has also taken steps to reduce its carbon emissions from its transport operations. The company has implemented a range of measures to encourage its employees to use more sustainable modes of transport, such as cycling, walking, and public transport. In addition, Bank of Ireland Group has invested in a fleet of electric vehicles for its staff, which has helped to reduce its carbon emissions from transport.

Overall, Bank of Ireland Group is committed to playing its part in the transition to a low-carbon economy. The company has recognised the urgent need to address climate change and has set ambitious targets to reduce its carbon emissions and increase its use of renewable energy. Through its corporate energy programme, corporate PPAs, and investment in renewable energy, Bank of Ireland Group is leading the way in decarbonisation and demonstrating that businesses can play a key role in addressing the climate crisis.

✓ Science Based Targets member
✓ Declared Net Zero commitment