AIB Group PLC

Lobbying Governance

AI Extracted Evidence Snippet Source

Lobbying activity in Ireland is recorded on the lobbying register. AIB is registered as a lobbyist, albeit we do not actively lobby (www.lobbying.ie/organisation/803/aib-group). Our approach to lobbying is covered in our Conflicts of Interest policy and Financial Crime policy (which are publicly available), and our internal Lobbying policy. In addition, political donations are prohibited under our Conflicts of Interest policy.

https://aib.ie/content/dam/frontdoor/sustainability/AIB_SR23_Introduction.pdf

Monitoring and oversight [...] All Product areas are asked to consider sustainability across the product lifecycle. This is reviewed at governance stage, at Group Product and Propositions Committee, via a sustainability template, to ensure we align to our sustainability strategy, and continue to raise awareness across our stakeholder groups, and to accelerate the transition to a low-carbon economy. Our Board receives periodic Sustainability updates on the progress of our green products and utilisation of our Climate Action Fund via the Balanced Scorecard and updates on the Group Sustainability Programme.

https://aib.ie/content/dam/frontdoor/personal/sustainability/AIB-SR22-climate-and-environment.pdf

Other, ExCo members leading our customer facing business are responsible for the introduction of products and propositions to support our customers in the transition to net zero. These products include please green mortgages and green personal loans for consumers as well as project finance for large infrastructure transactions such as renewable energy to support the transition to net zero. As the specify management of climate risk embeds across our businesses, these Exco members have first line responsibility for origination and management of climate risk in our customer portfolios. The Managing (ExCo Director of Capital Markets is a member of the Group Sustainability Committee. The Head of Climate Action, Energy and Infrastructure is a member of the Capital Markets Senior Management Team and also sits on the SBAC board sub-committee. Note: The Managing Director Retail Banking, the Managing Director AIB UK and the Director of Capital Markets are ExCo members. Topics presented to one or more of ExCo, SBAC, Board Risk Committee and Board include: • The Board Risk Committee was updated on the outputs of climate risk quantification covering transition risks for high risk sector and physical flood risk • The Board Risk Committee approved the revised Group Credit Risk Policy which included updates reflecting the incorporation of ESG considerations into credit assessment; • Board reviewed and challenged the self-assessment and plan for ECB guidelines on climate-related and environmental risk and the subsequent regulatory feedback • Board and Executive Committee (ExCo) Training – Two quarterly training sessions held – Sustainability & Climate Risk, Regulatory Requirements & Stress Testing. • Sustainability targets and KPIs for external disclosures are approved by the Group Disclosures Committee and Board • The internal ESG targets that were recently set for Emission reduction targets were agreed and reviewed at the respective Business function management meetings, and then reviewed and approved by the Group Sustainability Committee for onward approval at Board.

https://aib.ie/content/dam/frontdoor/personal/sustainability/cdp-2022.pdf

To oversee and embed sustainable practices across our business, an integrated approach is in place through our in-flight ESG Transformation Programme delivering on our regulatory, strategic and customer enablement objectives. The programme includes delivery of key strategic objectives and regulatory expectations and is supported by teams across the business with regular updates provided to ExCo, the Sustainable Business Advisory Committee (SBAC) and the Board.

https://aib.ie/content/dam/frontdoor/investorrelations/docs/resultscentre/annualreport/2023/AIB-Group-plc%20AFR-Dec-2023-Our-Approach-to-Sustainability.pdf

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

CDP Questionnaire Response 2023