Aib Group Plc · EURONEXT:A5G
Aib — Debt Investor Presentation (February 2021)
24 slides from Aib's debt investor presentation, February 2021
Slide 1: Green Bond Investor Presentation
AIB February 2021 Green Bond Investor Presentation
Slide 2: Sustainability at AIB
Sustainability at AIB 2
Slide 3: Sustainability Governance at AIB
Sustainability Governance at AIB AIB’s Board of Directors established a number of Board Committees and Board Advisory Board of Directors Committees to oversee specific areas of the Group’s operations while the Board retains ultimate responsibility, ensuring a robust approach The Sustainable Business
Slide 4: Sustainability Journey
Launched ‘Power of Sustainability Journey Support of the TCFD Zero’ 0% finance for Nissan Electric Vehicles Founding Signatory of the UNEP FI Low Carbon Pledge CDP Climate Change Principles for A List Responsible Banking Launch of Excluded Launch of AIB’s Activities list Climate Action Fund AIB SRI
Slide 5: Our Sustainability Strategy, Ambitions & Targets
Our Sustainability Strategy, Ambitions & Targets In AIB, ‘We pledge to DO MORE’; Leading Ireland’s transition to become a low-carbon economy; Challenging ourselves to deliver meaningful social and economic value to our customers and other stakeholders. BETTER BANKING EXPERIENCES ECONOMIC & SOCIAL IN
Slide 6: Climate Action: Our Progress in 2019
Climate Action: Our Progress in 2019 MATERIAL TOPICS ENSURE A CLIMATE RESILIENT AND PRODUCTS AND SERVICES TO ADDRESS RESPONSIVE BUSINESS MODEL ENVIRONMENT AND SOCIAL ISSUES LAUNCH OFOUR GREEN BOND FRAMEWORK SUPPORT OF THETCFD origination an d servicing of mortgage loans an d mortgages . Allied Irish
Slide 7: AIB Sustainable Finance Initiatives
AIB Sustainable Finance Initiatives In June 2019, we announced a €5bn Climate Action Fund, made available for climate related and green products over the next five years. This fund will be available to customers through a number of products and incentives – from electric vehicles, energy-efficient h
Slide 8: AIB Carbon Footprint & Targets
AIB Carbon Footprint & Targets AIB can support the transition to a low-carbon economy in many significant ways in our own operations and the services we provide to our customers 2020 Objectives AIB Carbon Targets 2020 AIB aimed to reduce its 2009 emissions** by 33% (AIB has already beaten this targe
Slide 9: Embedding Climate Risk within the Bank
Embedding Climate Risk within the Bank Our progress in 2019 Our plans for 2020 and beyond: • We conducted initial research on the • We will consider the impact of climate risk scenario subject of climate risk and its impact on analysis with a view to developing a climate risk risk management globall
Slide 10: ESG Ratings/Credentials
ESG Ratings/Credentials Rating provider Rating On 10th Nov 2020, AIB received an ESG Risk Rating of 16.3 and was assessed by Sustainalytics to be at Low Risk of experiencing material financial impacts from ESG factors. AIB’s ESG Risk Rating places it at 52 out of 968 for the industry group “Banks” a
Slide 11: AIB Green Bond Framework
AIB Green Bond Framework 11
Slide 12: Green Bond Framework
Green Bond Framework • Align our funding strategy with our sustainability strategy • Funding projects or assets that mitigate climate change by reducing emissions, protecting ecosystems or having a positive Rationale environmental impact (Project Ireland 2040) • The intended Green Bonds issuances se
Slide 13: Use of Proceeds
Use of Proceeds Eligible use of proceeds categories Renewable Energy Green Commercial Buildings Green Residential Buildings Use of Proceeds Use of Proceeds Use of Proceeds • Renewable energy • Green Commercial Buildings in Ireland • Green Residential Buildings - Loans to finance or refinance equipme
Slide 14: Project evaluation / Selection Process
Project evaluation / Selection Process Process for Project Evaluation and Selection Compliance with the Green Bond Eligibility Criteria » Mitigation of Alignment with AIB’s sustainability strategy ‘DNSH’ concerns » Compliance with official and international environmental and social standards and loc
Slide 15: Management of Proceeds
Management of Proceeds Aggregated portfolio approach used to manage the proceeds Eligible Loan Portfolio Additional eligible green projects will be added to the €1.8bn Eligible Green Project Portfolio to the extent required Any assets that become ineligible will be removed and Outstanding green repl
Slide 16: Reporting / Impact
Reporting / Impact • AIB will make and keep readily available reporting on the allocation of net proceeds to Eligible Green Projects and, wherever feasible, reporting on the impact of the Eligible Green Project Portfolio • AIB will align, on a best effort basis, the impact reporting with the portfol
Slide 17: Green Bond Portfolio & Impact FY19
Green Bond Portfolio & Impact FY19 AIB Green Bond Portfolio Impact Reporting FY19 # € % Total Portfolio Size €1.704 bn Wind 23 690m c. 41% Solar Total Est. Avoided Emissions 785,382 ton CO2eq/yr 2 51m c. 3% Anaerobic Digestion 2 38m c. 2% Renewable Energy € 779m Commercial 57 925 m c. 54% Est. Avoid
Slide 18: Second-Party Opinion
Second-Party Opinion Sustainalytics has issued a positive Second Party Opinion on AIB’s Green Bond Framework Updated - 2020 Use of Proceeds: Sustainalytics considers that financing for renewable energy projects and green commercial and residential buildings will lead to positive environmental impact
Slide 19: Appendix
Appendix 19
Slide 20: Achievements & Initiatives 2019 – 2020 YTD
Achievements & Initiatives 2019 – 2020 YTD RESPONSIBLE & RESILIENT CLIMATE ACTION BETTER BANKING EXPERIENCES ECONOMIC & SOCIAL INCLUSION TECHNOLOGY • Established a €5bn Climate Action Fund • 93,000 Voice of the Customer surveys • Funding for 8,200 new housing units • AIB COVID-19 Research Hub launch
Slide 21: Contact details
Contact details Mark Whelan Head of Term Funding [email protected] +353 87 284 8714 Aidan O’Mahony Term Funding Aidan.P.O’[email protected] +353 87 125 6519 Niamh Hore Head of Investor Relations [email protected] +353 1 641 1817 Yvonne Holmes Chief Sustainability Officer [email protected] +353
Slide 22: 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 23: Disclaimer (2/2)
Disclaimer (2/2) THIS DOCUMENT REPRESENTS CURRENT AIB POLICY AND INTENT, ARE PROVIDED 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 SHOUL
Slide 24: Appendix 1: AIB Green Tier 2 Deal Summary
Appendix 1: AIB Green Tier 2 Deal Summary 24
AIB Group — Debt Investor Presentation (February 2021) on 6ix