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Created on: 2022-09-13 12:23:23
Last update: 2022-10-03 12:04:07
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About Allied Irish Banks (AIB)
Allied Irish Banks (AIB) was incorporated in Ireland in September 1966 as a result of the merger of three long established banks: the Munster and Leinster Bank (established 1885), the Provincial Bank of Ireland (established 1825) and the Royal Bank of Ireland (established 1836). AIB Group is one of Ireland's largest banks and its activities are organised mainly around two sectors: a) commercial banking: sales of standard and specialized banking products and services (leasing, life insurance, management of retirement savings, real estate lending, etc.) and b) financing, investment, and market banking.
10 Molesworth Street
Colin Hunt |
AIB 2021 Sustainability Report |
AIB Annual Report
listed on Euronext Dublin & London Stock Exchange
AIB Group plc is owned by the State of Ireland which, nonetheless, since the start of 2022 has begun to gradually sell part of its shareholding. Up to June 2022, the State of Ireland owns 63.5% of AIB Group plc's ordinary shares.
|Complaints and grievances||
AIB has not established a grievance mechanism. However it is possible to raise a complaint with the Irish OECD National Contact Point (see OECD Watch Guidance for further details).
Voluntary standardsAllied Irish Banks (AIB) has committed itself to the following voluntary standards:
- Low Carbon Pledge of the BITCI
- Carbon Disclosure Project
- Equator Principles
- Global Reporting Initiative
- ISO 14001
- ISO 50001
- Net-Zero Banking Alliance (NZBA)
- Principles for Responsible Banking (PRB)
- Task Force on Climate-related Financial Disclosures (TCFD)
- UN Guiding Principles on Business and Human Rights
- UNEP Finance Initiative
- United Nations Global Compact
- World Economic Forum Stakeholder Capitalism Metrics
Allied Irish Banks plc's sustainability policies can be accessed here.