Ing
ING Group, commonly known as ING, is a leading global financial institution headquartered in the Netherlands (NL). Founded in 1991, the company has established a strong presence in Europe, North America, and Asia, providing a wide range of banking services. ING operates primarily in the retail and wholesale banking sectors, offering innovative solutions such as digital banking, investment services, and insurance products. With a commitment to customer-centricity, ING has distinguished itself through its user-friendly digital platforms and sustainable finance initiatives. The bank has achieved notable milestones, including its recognition as a top player in the European banking market. ING's focus on technology and sustainability positions it as a forward-thinking leader in the financial services industry, catering to the evolving needs of its diverse clientele.
DitchCarbon Score
How does Ing's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ing's score of 49 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ing's reported carbon emissions
In 2023, ING reported total carbon emissions of approximately 6,000,000 kg CO2e from Scope 1, 8,000,000 kg CO2e from Scope 2, and 14,000,000 kg CO2e from Scope 3, amounting to a total of about 28,000,000 kg CO2e. This reflects a significant reduction from previous years, where emissions in 2022 were approximately 8,000,000 kg CO2e (Scope 1), 9,000,000 kg CO2e (Scope 2), and 11,000,000 kg CO2e (Scope 3), totalling around 28,000,000 kg CO2e. ING has set ambitious targets to reduce its greenhouse gas emissions. By 2020, the bank aimed for a 7% reduction in Scope 1 and Scope 2 emissions from 2013 levels, alongside a more aggressive target of a 50% reduction in these scopes from 2014 levels. Additionally, ING is committed to reducing its exposure to coal to nearly zero by 2025, which aligns with its long-term climate strategy. The bank's climate commitments are further supported by its near-term targets, which cover 63% of its total investment and lending by financed emissions as of 2021. These targets are designed to be consistent with the reductions required to limit global warming to 1.5°C, demonstrating ING's commitment to sustainable finance and responsible investment practices.
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| 2013 | 2014 | 2017 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 29,400,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 59,000,000 | 00,000,000 | 000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 49,500,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ing is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
