Permanent TSB Group Holdings PLC 2022 AR2
The report highlights a transformational year for Permanent TSB, marked by the acquisition of retail and SME businesses from Ulster Bank, which significantly expanded its customer base and branch footprint. Financially, the company reported a significant increase in profit before tax to €267 million, driven by net gains from the transaction and improved net interest income. On sustainability, the bank introduced its Sustainability Strategy, launched a Green Mortgage product with approximately €500 million in drawdowns, and achieved an 83% cumulative reduction in Scope 1 and 2 carbon emission intensity since 2009. Additionally, the bank committed to setting science-based targets by 2024 and maintained strong capital and liquidity positions well above regulatory minimums.
Company: Permanent TSB Group Holdings PLC
Sector: Finance & insurance
Country: Ireland
Year: 2022
Type: AR2
Pages: 284
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Permanent TSB Group Holdings PLC
Annual Report
The report highlights a transformational year for Permanent TSB, marked by the acquisition of retail and SME businesses from Ulster Bank, which significantly expanded its customer base and branch footprint. Financially, the company reported a significant increase in profit before tax to €267 million, driven by net gains from the transaction and improved net interest income. On sustainability, the bank introduced its Sustainability Strategy, launched a Green Mortgage product with approximately €500 million in drawdowns, and achieved an 83% cumulative reduction in Scope 1 and 2 carbon emission intensity since 2009. Additionally, the bank committed to setting science-based targets by 2024 and maintained strong capital and liquidity positions well above regulatory minimums.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Women on Board
Women in Management
Employees