AIB's Green Fund

AIB is helping customers to reduce their impact on the environment through its ‘Add more green’ initiatives.

One of these initiatives is e-statements, which allows customers the opportunity to receive their bank account and credit card statements online. E-statements save paper and postage for AIB and to recognise this, AIB contributes €2 to the ‘Add more green’ fund for each customer that makes the switch. Since its introduction over 269,000 customers made the switch, generating a fund of over €1,000,000.

The fund is being used to support environmental projects, in Ireland and abroad, through our three current partners - Coillte, The World Land Trust and The Native Woodland Trust. The following is a brief overview of the projects that have been supported to date.

Coillte, with the support of the AIB’s customers, has developed a native woodland area with both recreational and educational facilities at Derryvunny, Co. Roscommon. The Derryvunny Greenwood will promote biodiversity by restoring and managing native broadleaf woodland capable of naturally regenerating itself over time. In addition, an amenity trail for visitors with car parking facilities has brought the site to life as a living educational resource for the community.

The World Land Trust has used its donation from the fund to purchase rainforest land in Brazil and Paraguay and is working to preserve the earth’s most biologically important and threatened lands. The purchase of an 8,000 hectare nature reserve in north-west Paraguay will protect a fragile and unique area known as the Dry Chaco habitat. The second project involves the purchase of rainforest in Eastern Brazil to extend the Reserva Ecologica de Guapi Assu nature reserve.

And thanks to the National Woodland Trust (NWT), secondary schools in the Republic of Ireland were eligible to apply for a donation of 30 free native trees, to enable them plant a small native woodland on their school grounds. Schools were provided with a fully illustrated colour booklet, with advice and information on how to choose the right location for planting. It’s a project that’s good for the environment and lets students learn about the importance of protecting native species in a practical way.

Pictured (below) at the planting of the new native woodland forest in Derryvunny are students and teachers from Corrigeenroe N.S. Co.Roscommon, with representatives from AIB Group and Coillte.

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