ING Group



Insurance / Banking




Bijlmerdreef 106

1102 CT Amsterdam

The Netherlands



    • ING remains ranked as ’leader’ in the Banks industry group by Sustainalytics in 2019.
    • ING retains MSCI ESG ‘A’ rating in December 2018.
    • ING again named to CDP Climate A-list in January 2019.
    • ING’s shares are included in the sustainability indices of Euronext, STOXX, FTSE Russell and Morningstar
    • Top employer France 2018
    • Euronext Vigeo Europe 120 (June 2019)
    • Euronext Vigeo Eurozone 120 (June 2019)
    • FTSE4Good Index Series (July 2018)
    • EURO STOXX 50® ESG-X (July 2019)
    • EURO STOXX® ESG-X (July 2019)
    • STOXX® Europe 50 ESG-X (July 2019)
    • Morningstar Developed Europe Sustainable Environment Index (July 2019)
    • Morningstar Developed Markets Sustainable Environment Index (July 2019)
    • Morningstar Developed Markets ex-US Sustainable Environment Index (July 2019)
    • Morningstar Global Markets ex-US Sustainable Environment Index (July 2019)
    • Morningstar Global Markets Sustainable Environment Index (July 2019)
    • Morningstar Global Markets Low Carbon Risk Index (July 2019)
    • Morningstar Global Markets ex-US Low Carbon Risk Index (July 2019)
    • Morningstar Developed Markets Low Carbon Risk Index (July 2019)
    • Morningstar Developed Markets ex-US Low Carbon Risk Index (July 2019)
    • Morningstar Developed Europe Low Carbon Risk Index (July 2019)


53, 000


Léon Wijnands





ING Group

SECTIONS :  Sustainability    Evaluation  •  Progress  •  Watch  •  Overview

Company Activity

ING is a global bank with a strong European base. Their 53,000 employees serve around 38.4 million customers, corporate clients and financial institutions in over 40 countries. Their purpose is to empower people to stay a step ahead in life and in business.

Their products include savings, payments, investments, loans and mortgages in most of their retail markets. For their Wholesale Banking clients, they provide specialised lending, tailored corporate finance, debt and equity market solutions, payments & cash management and trade and treasury services.

Customer experience is what differentiates them and they’re continuously innovating to improve it. They also partner with others to bring disruptive ideas to market faster.

Company Sustainable Activity

  • Finance

They’ve financed billions of euros in energy projects, from wind farms, solar energy, and geothermal power production; to energy efficiency in buildings and production lines; to electric vehicles and bio-based plastics; to (waste) water treatment and supply and circular economy solutions. They do this through green loans, green bonds, and other innovative products and financing constructions.

One such innovation is their sustainability improvement loan, which offers corporate clients a lower interest rate for improved sustainability performance. This has been very well-received since they introduced it in 2017, and they have supported more than 65 of these types of deals as at 30 September 2019. These loans cover more than just climate, but it’s an important motivator for companies looking to improve their climate performance. 

They also do a lot to financing a circular economy – one where people and companies ‘reduce, reuse and recycle’ instead of ‘take, make and waste’. It’s about making the transition from ownership to access.

  • Making money 

They aim to double their funding by 2022 to organisations that help combat climate change and positively impact society and the environment, up from €14.6 billion in climate finance at the end of 2017. This includes ramping up funding to projects that advance renewable energy, low-carbon buildings, low-carbon transport, the circular economy.

They are working to measure and steer their lending portfolio towards the Paris Agreement’s well-below two-degree goal, a strategy they call the Terra approach ( Still, they recognise that individual banks can only do so much. That’s why they also looked beyond ING in building partnerships and coalitions. In December 2018, four peers signed on via the Katowice Commitment, which then became the groundwork for the UN-backed Collective Commitment to Climate Action signed by 31 banks in September 2019.

  • How they are doing it 

As a bank, they make a substantial contribution to human rights as financier, employer, taxpayer and driver of progress and prosperity. Their impact is on different levels : 

  • Workplace
  • Their supply chain 
  • How they do business and who they do business with 
  • Partnering and sharing knowledge

ING group is working according to the following statements 

  • The Principles for Responsible Banking
  • The Collective Commitment to Climate Action
  • The Equator Principles
  • Renewable energy 100% (RE100)
  • UN Global Compact
  • World Economic Forum CEO Climate Action Leaders Statement
  • The Financial Stability Board’s Taskforce for Climate-related Financial Disclosures (TCFD) recommendations
  • Ellen MacArthur Foundation
  • The Circular Economy Finance guidelines developed together with Rabobank and ABN AMRO
  • Dutch Government’s Valuing Water Initiative
  • OECD’s Roundtable for Water Finance
  • WWF’s Dragon Den for Water Deals



Sustainable Development Goals

How company covers SDGs




Concerning their own institution, ING has been climate-neutral since 2007 and has ambitious goals. According to the company, they will:

  • procure 100% renewable electricity by 2020 for all buildings they operate worldwide (as part of the RE100 initiative).
  • reduce their CO₂e emissions by 50%, global residual waste by 20% and water footprint by 20%, all by 2020 (the base year 2014).
  • remain carbon neutral by offsetting remaining carbon emissions.

ING Group has financed extreme fossil fuels with $25.55 B since the Paris Agreement was adopted (2016–2018). They have a sustainability agenda and lots of Listings but their activities do harm the environment. For further information please read the report by Rainforest Action Network report.


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