Bank of Ireland Group is one of the largest financial services groups in Ireland and provides a broad range of banking and other financial services. The Group is organised into four trading segments and one support division to effectively serve our customers. Bank of Ireland has operations in Ireland, the UK, Germany, France, Spain and the USA. At the end of June 2021 the Group had total assets of €150 billion.
Bank of Ireland has published a Responsible & Sustainable Business (RSB) sector statement clearly setting out the Group’s risk appetite for lending to potentially sensitive sectors which we believe cause environmental and/or social harm to society and our communities. Applying to all new non-property lending arrangements within the Group’s Corporate Banking business, we will not provide financing to customers who are deemed to engage in a defined list of excluded business activities. Within the defence sphere, Bank of Ireland’s exclusion list encompasses the lending and financing of companies or projects directly engaged and primarily involved in the “manufacture, sale, trade, service or stockpiling of weapons of mass destruction or highly controversial weapons banned under international agreements including nuclear, biological and chemical weapons, cluster munitions, anti-personnel landmines and blinding laser weapons and the manufacture or sale of bespoke components of such weapons”.
The policy is applied to all corporate banking activities.
Bank of Ireland used to have $61 million invested in the nuclear weapons industry, but as of 2021, it has fully divested.