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Addressing Climate Change

And Supporting The Transition To A Low Carbon Economy

The letter P for PTSB carved out in a slate of black marble

The Bank recognises our environmental impact and is mindful that making a positive contribution to the economy through consideration of environmental issues across each channel of our organisation is fundamental to running our business in a responsible and sustainable way. In order to achieve this, we are focussed on: managing climate-related and environmental risk; supporting the transition to a low carbon economy; and, taking action to reduce our own environmental footprint, while continuing to disclose transparently.

Impact in Action

A Board approved Sustainability Strategy

aligned to the Sustainability Development Goals (SDGs)

 

Issuance of the Bank's inaugural Task Force

on Climate-related Financial Disclosures (TCFD) Report

 

c.€700m

in Green Mortgage Lending in 2023, accounting for 29% of New Mortgage Lending*

 

  • An increased focus on Climate Risk, with the ongoing implementation of a Climate-Related and Environmental Implementation Action Plan

  • A CDP** rating of B, indicating that the Bank addresses its environmental impacts and ensures good environmental management

  • Disclosing the Bank's carbon impact across Scope 1, 2 and 3 (including financed emissions)

  • Committing to setting science-based carbon emission reduction targets (SBTs) by 2024

  • Founding member of the International Sustainable Finance Centre of Excellence

  • A Sustainability Commitee and a PTSB Green Team

* A 5-Year Fixed Product available to all new and existing home loan customers where their homes have a confirmed or proposed Building Energy Rating of A1 to B3.

** CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.

 

For more on our commitment to Addressing Climate Change And Supporting The Transition To A Low Carbon Economy, please visit page 19 of our Annual Report, located here.

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