All things Green in AIB:
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- AIB is targeting that 70 per cent of its new lending will be green or transition by 2030 as it has been accelerating the rollout of products and services that assist customers in reducing their carbon emissions.
- AIB is also on course to become net zero on its own operations by 2030 after securing a Corporate Power Purchase Agreement with NTR plc in October 2022 to provide up to 80% of the Group’s energy needs which will be certified to a fully traceable renewable solar energy source – along with additional capacity for the national grid – with the first of two solar farms expected to be ready for energisation in the coming months.
- AIB has over the last three years raised a combined €4 billion from the issuance of green bonds after becoming the first Irish bank to issue a green bond in 2020. When social bonds are included, the bank has raised €5.75 billion from the issuance of bonds for Environmental, Social and Governance (ESG) purposes.
- Recognising rising customer demand and the need to do to more to help combat climate change, sustainability leader AIB is tripling its Climate Action Fund to €30 billion as it takes further action to support the transition to a low carbon economy by increasing its green lending.
Wexford AIB Event:
- AIB held a customer event in Wexford today, featuring a panel discussion with local business people, making sustainable changes in their businesses.
- Over 50 people attended the event at Greentech HQ this morning to hear from Michael Griffin, Griffin Hotel Group; Walter Furlong Jnr, Walter Furlong Grain; Mary Walsh, Ire-Well Pallets; and Brendan Crowley, Wexford Bus.
- Griffin Hotel Group which owns Monart Spa in Wexford, the Ferrycarrig Hotel in Wexford and the Kilkenny Hotel in Kilkenny city has undertaken key sustainability changes across its hotels including energy savings and the construction of a solar farm which it plans to extend in 2024.
- Tillage farmer, Walter Furlong Grain from Enniscorthy, Co. Wexford was the first in Ireland to introduce ‘min-till’ in 2001, an environmentally friendly method of tilling lands. The farm has researched and promoted the use of ‘cover crops’ which are considered a gamechanger in environmentally friendly, sustainable methods of farming.
- Ire-Well Pallets is a family-owned business in Gorey, Co. Wexford, producing timber pallets for use across a range of sectors. The company is focused on its impact on the environment and has established a timber waste management division to help customers reduce waste, their carbon footprint and to comply with regulations. Customers can also choose recycled pallets and the company uses waste wood and chippings to fire their kilns for pallet drying.
- Wexford Bus is a family-owned business, operating public and private buses as well as contracted services in Wexford, Waterford, Carlow and Dublin. The company has introduced an electric bus service on local routes and is focused on sourcing more environmentally friendly methods of improving their service.
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