{"type":"document","data":{"complementaryZone":{"flexComponents":[{"componentType":"sectionTitle","title":"Also interesting!"},{"cards":[{"body":"Article | ING has the responsibility to define new ways of doing business where planet and people are just as important as economic growth.","cardSize":"medium","cardType":"article","componentType":"articleCard","date":"2023-06-09","image":{"extension":"jpg","original":"https://assets.ing.com/m/6b27540d02d408a6/original/Sustainability-clients-1920.jpg","transformBaseUrl":"https://assets.ing.com/transform/e1298544-8133-4a72-8c66-f6adc25f6d3d/Sustainability-clients-1920","type":"image","width":1920},"link":{"url":"/en/individuals/news/sustainability/ing-solutions-sustainability"},"title":"Our sustainability direction"}],"componentType":"cards"}]},"contentType":"onecms:editorialPage","flexPageMetadata":{"afmBanner":false,"description":"We develop financial solutions aiming to help society and businesses tackle climate challenges while reducing progressively our own carbon footprint.","robotInstruction":{"noFollow":false,"noIndex":false}},"flexZone":{"flexComponents":[{"componentType":"paragraph","richBody":{"value":"<p></p>"},"title":"How ING is playing a part to build a low carbon society for all.","video":{"type":"video","originalUrl":"https://assets.ing.com/m/164f95d30077b41e/original/Climate-action-112021-EN-1.mp4","videoPreviewURLs":["https://assets.ing.com/m/164f95d30077b41e/1080p-Climate-action-112021-EN-1.mp4","https://assets.ing.com/m/164f95d30077b41e/480p-Climate-action-112021-EN-1.mp4","https://assets.ing.com/m/164f95d30077b41e/720p-Climate-action-112021-EN-1.mp4","https://assets.ing.com/m/164f95d30077b41e/mp4-Climate-action-112021-EN-1.mp4"],"thumbnails":{"mini":"https://assets.ing.com/m/164f95d30077b41e/mini-Climate-action-112021-EN-1.jpg","webimage":"https://assets.ing.com/m/164f95d30077b41e/webimage-Climate-action-112021-EN-1.jpg","thul":"https://assets.ing.com/m/164f95d30077b41e/thul-Climate-action-112021-EN-1.jpg"},"extension":["mp4"]}},{"componentType":"sectionTitle","title":"Supporting Climate Action through our financing"},{"componentType":"paragraph","richBody":{"value":"<p>We strive to assist clients - from private individuals to multinationals - in transitioning to a low-carbon economy by providing financing and advisory solutions. This includes:</p><ul><li><span><span><span><span><span><span><span>developing low carbon transition </span></span></span><span><span><span>expertise</span></span></span><span><span><span> in some sectors</span></span></span><strong> </strong></span></span></span></span></li><li><span><span><span><span><span><span><span>offering sustainability-linked financing solutions to our wholesale bank clients where pricing is linked to the borrower’s performance under specific sustainability KPIs </span></span></span></span></span></span></span></li><li><span><span><span><span><span><span><span>offering a range of </span></span></span><span><a href=\"https://www.ing.be/en/individuals/investing/sustainable-investments\"><span><span>sustainable investment solutions</span></span></a></span></span></span></span></span></li><li><span><span><span><span><span><span><span>granting personal loans at advantageous rates </span></span></span><span><span><span>for </span></span></span></span></span></span></span><span><span><span><span><span><span><span><a href=\"https://www.ing.be/en/individuals/borrowing/renovation-loan\"><span><span>housing renovation </span></span></a></span></span></span><span><span><span> and </span></span></span><span><a href=\"https://www.ing.be/en/individuals/borrowing/sustainable-mobility\"><span><span><span><span>alternative</span></span></span></span><span><span><span><span> mobility</span></span></span></span></a></span><span><span><span> purposes</span></span></span></span></span></span></span></li></ul>"}},{"componentType":"highlight","richBody":{"value":"<p>By 2050, we aim to steer the most carbon-intensive parts of our loan portfolio towards net-zero emissions.</p><p><span><span><strong>Energy transition:</strong></span></span></p><ul><li><span><span>Renewables: our intention is to increase the yearly amount we lend to renewables by 50% in 2025 compared to 2022.</span></span></li><li><span><span>Coal: in December 2017, we decided to accelerate the reduction of our financing to coal power generation, committing to reduce our exposure which will be close to zero by 2025. As a result of these policies, lending to individual coal-fired power plants decreased by over 80% to €87m by year-end 2021.</span></span></li><li><span><span>Oil &amp; gas: we have stopped providing dedicated finance to new ‘upstream’ (exploration &amp; extraction) oil &amp; gas fields. We are now expanding our approach to other parts of the oil and gas value chain by restricting dedicated finance to ‘midstream’ (oil &amp; gas infrastructure) activities that unlock new oil &amp; gas fields, also aiming to reduce the volumes of the traded oil &amp; gas we finance.</span></span></li></ul><p><span><span><strong>Sustainable Finance:</strong></span></span></p><ul><li><span><span>Wholesale Banking clients: we commit to mobilise €125 billion of sustainable finance by 2025, supporting a wide range of financial products, including sustainability-linked loans, green bonds, social bonds, structured finance transactions, and more. </span></span>We want to make a bigger difference in our sustainability efforts by actively working with clients and taking on ESG leadership roles. </li></ul>"},"textLinks":[{"text":"More information on ING’s environmental program","url":"https://www.ing.com/Sustainability/Our-own-operations/Environmental-performance.htm"}],"title":"Concrete objectives"},{"alignedImage":{"position":"bottom","extension":"jpg","original":"https://assets.ing.com/m/7ea8df4809dae423/original/ING-CLIMATE-ACTIVATION-CAMPAIGN-BANNERS.jpg","transformBaseUrl":"https://assets.ing.com/transform/ecd41b49-dfb4-4e9c-99b9-b30818f51044/ING-CLIMATE-ACTIVATION-CAMPAIGN-BANNERS"},"componentType":"paragraph","richBody":{"value":"<p></p>"},"title":"At ING Belgium, 1 in 2 renovation loans in 2022 was granted for energy-saving upgrades"},{"componentType":"sectionTitle","title":"Reducing our own direct emissions"},{"componentType":"paragraph","richBody":{"value":"<p><span><span><span><span><span><span><span>From</span></span></span><span><span><span> 2014 to 2022, we have reduced our operational carbon emissions by 69%*.</span></span></span> </span></span></span></span><span><span><span><span><span><span><span>Our buildings use 100% renewable and locally sourced electricity. We are taking steps to foster sustainable procurement with our suppliers and to improve our</span></span></span><span><span><span> water and</span></span></span><span><span><span> waste management. We </span></span></span><span><span><span>make efforts to ensure a responsible life cycle of our ICT equipment by négociating with our suppliers and by donating used equipment to restoring &amp; recycling partners. </span></span></span></span></span></span></span></p><p>*GHG Protocol scopes 1 &amp; 2 and scope 3 (business travel only)</p>"}},{"componentType":"highlight","richBody":{"value":"<p><span><span><span><span><span><span><span>Within our </span></span></span><span><a href=\"https://www.ing.com/Sustainability/Our-own-operations/Environmental-performance.htm\"><span><span>Environmental Program</span></span></a></span><span><span><span>, we are</span></span></span><span><span><span> working towards</span></span></span><span><span><span> (base year 2014)</span></span></span></span></span></span></span></p><ul><li><span><span><span><span><span><span><span><span>Reducing our direct CO2 emissions by </span></span><span><span><span><span>75% by 2025</span></span></span></span> <span><span>(scope 1, 2, and scope 3 (business travel))</span></span></span></span></span></span></span></span></li><li><span><span><span><span><span><span><span><span>Reducing our energy consumption by 65% ​​by 2030</span></span></span></span></span></span></span></span></li><li><span><span><span><span><span><span><span><span><span>Reducing our water consumption by </span></span></span><span><span><span>50</span></span></span><span><span><span>% by 20</span></span></span><span><span><span>30 and its residual waste by 95% </span></span></span><span><span><span>by 20</span></span></span><span><span><span>30 </span></span></span></span></span></span></span></span></span></li><li><span><span><span><span><span><span><span><span><span>Making our Belgian car fleet 100% electric by 2030</span></span></span></span></span></span></span></span></span></li></ul>"},"title":"Concrete objectives"},{"alignedImage":{"position":"bottom","extension":"jpg","original":"https://assets.ing.com/m/70ef58f4e507f16f/original/ING-CLIMATE-ACTIVATION-CAMPAIGN-BANNERS.jpg","transformBaseUrl":"https://assets.ing.com/transform/9851fc38-6c0f-4413-9bbb-5f62c6dab099/ING-CLIMATE-ACTIVATION-CAMPAIGN-BANNERS"},"componentType":"paragraph","richBody":{"value":"<p></p>"},"title":"100% renewable locally sourced electricity"},{"componentType":"sectionTitle","title":"Sharing our progress"},{"componentType":"paragraph","richBody":{"value":"<p><span><span>There’s still much more that needs to be done to tackle the climate challenge. We are aware of this and our ambition is to share our progress in this area.</span></span></p><p>ING Group publishes an annual <a href=\"https://www.ing.com/Newsroom/News/ING-publishes-climate-report.htm\">climate report</a>, highlighting our efforts to assess and reduce climate risks. We have developed the <a href=\"https://www.ing.com/Sustainability/Sustainable-business/Terra-approach.htm\">Terra approach</a>, a methodology to align our lending portfolio with the goal of reaching net-zero emissions by 2050.</p>"}},{"componentType":"sectionTitle","title":"You want to know more?"},{"componentType":"paragraph","richBody":{"value":"<p></p>"},"textLinks":[{"text":"Follow our news on sustainability","url":"/en/individuals/news/sustainability"}]}]},"hasMacro":false,"id":"6df6d66b-7dc2-422e-8eb5-0e25baec82da","localeString":"en-GB","mainHeaderZone":{"backLink":{"textLink":{"text":"Sustainability","url":"/en/individuals/news/sustainability"}},"componentType":"editorialHeader","coreHeader":{"body":"ING finances today’s society, which means we also finance things that aren't sustainable. We want to help clients transition to a low carbon economy. It’s about making progress together, step-by-step.","subtitle":"We develop financial solutions aiming to help society and businesses tackle climate challenges while reducing progressively our own carbon footprint.","title":"ING role in Climate Action"},"date":"2023-07-19","readingTime":5},"publishDate":"2023-07-19T17:12:25.305+02:00"}}