Aib Group Plc · EURONEXT:A5G
Aib — Debt Investor Presentation (September 2023)
24 slides from Aib's debt investor presentation, September 2023
Slide 1: AIB Group Plc Green Bond Framework
AIB Group Plc September 2023 Green Bond Framework
Slide 2: Sustainability at AIB
Sustainability at AIB
Slide 3: Backing a Sustainable Future – FY2022
Backing a Sustainable Future – FY2022 Helping to deliver a more sustainable future for all is at the heart of AIB’s agenda. As a recognised leader of sustainability in Ireland and through our Pledge to Do More, we are committed to building long-term resilience and sustainability for our business, ec
Slide 4: Sustainable Communities – Targets, Performance and Progress
Sustainable Communities – Targets, Performance and Progress
Slide 5: ESG Progress
ESG Progress PLEDGE TO DO MORE NET ZERO TARGET! 2019 2020 & AMBITIOI ERING ON OUR STRATEGY Property migration & retrofit Reducing energy - Heating, ventilation & air conditioning programme Group-wide LED lighting retrofit programme © €1.2bn Green lending * Green Bond Framework €1.5bn Green lending {
Slide 6: ESG Customer Propositions and Commitments
ESG Customer Propositions and Commitments Propositions Commitments Task Force on Green Mortgage for energy Widescale lending for projects Climate-Related efficient homes across AIB, in Renewables, Housing, Financial Disclosures Haven, EBS brands & UK Healthcare, Education UNEP FI – Principles for Re
Slide 7: Climate Risk Update
Climate Risk Update Significant steps taken to analyse Physical & Transition Risks in 2022: The management of climate risk is integrated into our overall approach to risk management, as set out in our TCFD disclosures in our Annual Financial Report 2022. Climate Stress Testing: We commenced developm
Slide 8: ESG Ratings
ESG Ratings 2022: 69/100 (2021: May 2023 ESG Risk 70/100) Rating: 12.7 (Low Risk); Rated as AA – on 11 Oct 94th percentile of banks, 62/987 Banks 2022, MSCI confirmed as at 21 Jul 2023, (2021: AIB’s Leader Rating, up 87th percentile) ESG Industry Top Rated from A (Average) in 2019* and Regional Top
Slide 9: AIB Green Bond Framework
AIB Green Bond Framework
Slide 10: Green Bond Framework 2023
Green Bond Framework 2023 • To align our funding strategy within our sustainability strategy - funding projects or assets that mitigate climate change by Rationale reducing emissions, protecting ecosystems, or having a positive environmental impact. • Green bond issuances serve as a testament to AIB
Slide 11: Use of Proceeds 2023
Use of Proceeds 2023 Renewable Energy Green Commercial Buildings Green Residential Buildings Use of Proceeds Use of Proceeds Use of Proceeds Financing and/or refinancing the generation, • Green Commercial Buildings in Ireland • Green Residential Buildings equipment, development, manufacturing, - New
Slide 12: GBF Project Evaluation and Selection Process Overview
GBF Project Evaluation and Selection Process Overview Process for Project Evaluation and Selection Compliance with ICMA Green Bond Eligibility Criteria (i.e. Use of Proceeds) » Mitigation of DNSH Alignment with AIB’s sustainability strategy » & MS concerns Compliance with official and international
Slide 13: GBF Management of Proceeds – FY22
GBF Management of Proceeds – FY22 Aggregated portfolio approach used to manage proceeds. ~EUR4.69bn Additional eligible green projects are added to the eligible green Eligible Loan Portfolio loan portfolio to the extent required. Any assets that become ineligible are removed and replenished where ne
Slide 14: Green Bond Portfolio & Impact FY22
Green Bond Portfolio & Impact FY22 AIB Green Bond Portfolio FY22 Impact Reporting FY22 # € % Total Portfolio Size €4,687m Renewable Total Est. Avoided Emissions (tCO2e/year) 1,136,405 159 1,977m c. 42% Energy Total Est. Avoided Energy Consumption (MWh/year) 133,111 Green Buildings 4,577 2,677m c. 57
Slide 15: Second-Party Opinion
Second-Party Opinion • Sustainalytics has issued a positive SPO on AIB’s Green Bond Framework, • SPO includes an EU Taxonomy Alignment Assessment Updated – Aug 2023 Use of Proceeds: The eligible categories for the use of proceeds are aligned with those recognized by the Green Bond Principles 2021. S
Slide 16: SPO – EU Taxonomy Assessment
SPO – EU Taxonomy Assessment Performed by Eligible Green Green Buildings Renewable Energy Clean Transportation Category (Residential & Commercial) (Energy Generation, Storage & Transmission) (Electric Vehicles) Ireland & UK Other (EEA & US) Geography Ireland & UK Ireland 74% of Renewables5 26% of Re
Slide 17: External Review: Independent Limited Assurance
External Review: Independent Limited Assurance For the year ended 31 December 2022 Independent Limited Mazars’ Responsibilities Work Performed Conclusion Assurance Report to AIB Mazars are responsible Mazars were required to plan and perform work Based on procedures AIB engaged Mazars1 to for: in or
Slide 18: Appendix
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Slide 19: ESG Governance at AIB
ESG Governance at AIB The responsibilities for the management and oversight of ESG activities are organized according to the Bank’s governance and function structures. Board and Board Committees The Board is responsible for promoting the long-term sustainable performance of the Group, setting the Gr
Slide 20: Commitments, Memberships & Partnerships
COMMITMENTS, MEMBERSHIPS & PARTNERSHIPS AIB also partners with various community organisations on an ongoing basis The below outlines a table of the key voluntary commitments made by AIB as relevant to our sustainability strategy and reporting. DATE OF COUNTRIES STAKEHOLDERS WEBSITE COMMENCEMENT APP
Slide 21: Sustainable Lending Framework (SLF)
Sustainable Lending Framework (SLF) • Our SLF enables the classification of customer loans as green, social or transition. The SLF was developed to provide transparency on the criteria that AIB employs in reporting on green and transition lending helping us achieve our lending ambitions – green and
Slide 22: Contact details
Contact details Mark Whelan Head of Term Funding Mark.A.Whelan@aib.ie +353 1 772 4027 Maddison Hampson ESG Specialist Term Funding Maddison.P.Hampson@aib.ie +353 1 772 4023 Niamh Hore Head of Investor Relations Niamh.A.Hore@aib.ie +353 1 6411817 Siobhain Walsh Head of Debt Investor Relations Siobhai
Slide 23: Disclaimer (1/2)
Disclaimer (1/2) THIS DOCUMENT IS INTENDED TO PROVIDE NON-EXHAUSTIVE, GENERAL INFORMATION. THIS DOCUMENT MAY CONTAIN OR INCORPORATE BY REFERENCE PUBLIC INFORMATION NOT SEPARATELY REVIEWED, APPROVED OR ENDORSED BY AIB AND ACCORDINGLY, NO REPRESENTATION, WARRANTY OR UNDERTAKING, EXPRESS OR IMPLIED, IS
Slide 24: Disclaimer (2/2)
Disclaimer (2/2) THIS DOCUMENT REPRESENTS CURRENT AIB POLICY AND INTENT AS AT THE DATE OF THIS DOCUMENT AND IS SUBJECT TO CHANGE WITHOUT NOTICE AND IS NOT INTENDED NOR CAN BE RELIED ON, TO CREATE LEGAL RELATIONS, RIGHTS OR OBLIGATIONS. ANY DECISION TO PURCHASE ANY AIB GREEN BONDS SHOULD BE MADE SOLE
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