Sustainable farming is becoming increasingly important in the agri-food supply chain. Bank of Ireland has a long tradition of working with farmers to support their financial needs in an ever-evolving market. We are committed to working with farmers and the agri-food supply chain to deliver on national and business commitments into the future.
Bank of Ireland wants to lead the transition and accelerate sustainable farming practices by providing targeted finance to support farmers.
Bank of Ireland is partnering with the agri-food industry to deliver Enviroflex, to support action at farm level and improve the sustainability of farming in Ireland. Working with partners across the agri industry, Bank of Ireland will provide discounted flexible finance to farmers who can demonstrate they are improving the environmental footprint of their farms.
Enviroflex is designed to support farmers who are taking on environmental initiatives on their farms and who are on a journey to reducing their farm’s environmental footprint i.e. reducing greenhouse emissions, improving biodiversity, water quality and animal welfare.
Enviroflex is underpinned by Bord Bia’s Origin Green Sustainability Programme1 and the Teagasc Marginal Abatement Cost Curve (MACC)2 which sets out proven, science-based actions that farmers can take to reduce on-farm carbon emissions.
Level of security required and rate applicable will be determined by the amount, purpose and term of the facility, in conjunction with the nature and value of the security being offered. Lending criteria, terms and conditions apply. Over 18’s only. Maximum credit of €500,000 available for online applications and over the phone. For amounts greater than €500,000 please contact your Relationship Manager or click here
On-farm assessments constitute a key component of the Origin Green programme. Sustainability assessments are carried out at farm level through Bord Bia’s Sustainable Assurance Schemes which provide the carbon footprint of each farm. At farm level, there are over 56,000 members of Bord Bia’s Sustainable Assurance Schemes. Accreditation at farm level is provided by ISO:17065 and Carbon Trust (PAS 2050).
The Teagasc Marginal Abatement Cost Curve (MACC) identifies the most cost-effective pathway to reduce greenhouse gas (GHG) emissions and enhance carbon sequestration in the Agricultural, Land-Use, Land-Use Change and Forestry sectors plus (Bio) energy.
The metric referred to in footnote1 will be part of an aggregated figure which will be anonymised. The aggregated figure may be used in our reporting on ESG activities in our annual report which may be made public.
For certain purposes such as large farm development terms of up to 15 years may be available.
The interest rate quoted includes a discount of 2.02% off the margin that the bank applies to the small business and agri rate (SBAR). For up to date SBAR reference rates please visit Business Banking Reference Rates | Bank of Ireland
A recognized Sustainability Programme is one that is implemented by the co-op/processor and is recognised by the industry and that Bank of Ireland has accepted as robust in order for it to meet Bank of Ireland’s ESG reporting standards.
Please contact firstname.lastname@example.org if you need a copy of your Evolve Annual Statement reissued.