IAS19 Defined Benefit Pension + Mortgage Portfolio Analysis
Bank of Ireland
Green Bond Framework
Green Bonds are an important part of the Group's Responsible and Sustainable Business Strategy as we look to finance our customers' transition to the low
carbon economy and take an active role in combating climate change through sustainable finance.
Key Features
.
Aligned to the Green Bond Principles published by ICMA in
2018
.
Second Party Opinion provided by Sustainalytics
The Group will allocate an equivalent amount of the net
proceeds to lending to eligible Green assets
The Framework caters for secured, senior and subordinated
issuance
A 'lookback' period of 36 months has been applied to the
Green Eligible Assets Portfolio
ESG Ratings
SUSTAINALYTICS
ESG Risk rating 20.1 (Medium Risk).
Places the Group in the top 23rd
percentile of Banks (Industry Group)
MSCI →
CDP
A (average)
B (management level)
S&P Global
48
3
Green Bond Framework Pillars
Use of Proceeds
2
•
An amount equivalent to net
proceeds will be allocated to
finance/ refinance:
Green Buildings & Energy
Efficiency
Renewable Energy
Clean Transportation
Project Evaluation and
Selection Criteria
•
Green Bond Working Group is
responsible for the evaluation and
selection of assets for inclusion in
the Green Eligible Assets Portfolio
The portfolio is reviewed on a
quarterly basis with loans no
longer meeting eligibility criteria
being removed
Reporting & External Review
•
Management of Proceeds
Net proceeds will be managed
on a portfolio basis
The Group will ensure that the
balance of the Green Eligible
Assets Portfolio matches or
exceeds the total balance of
Green bonds outstanding
4
.
Allocation Report - is published
alongside independent external
verification
Impact Report - the Group
provides investors with an impact
report on the assets within the
Green Eligible Assets Portfolio
First published in March 2022
and annually thereafter
29View entire presentation