Ing

ING's latest reported emissions data for 2024 indicates Scope 3 emissions of approximately 20.11 billion kg CO2e. For 2023, ING reported Scope 1 emissions of 6 million kg CO2e, Scope 2 emissions of 8 million kg CO2e, and Scope 3 emissions from business travel of 14 million kg CO2e.

Looking back, ING's Scope 1 and 2 emissions in 2014 were 62.1 million kg CO2e, including 22.6 million kg CO2e from Scope 1 and 39.48 million kg CO2e from Scope 2. In the same year, Scope 3 business travel emissions were 23 million kg CO2e.

ING has set several emissions reduction targets. The company aimed to reduce its CO2e emissions by 20% by 2020 from a 2014 baseline for Scope 1 and Scope 2, a target it achieved by 2016. Another target from 2013 aimed for a 7% reduction in Scope 1 and Scope 2 greenhouse gas emissions by 2020 from 2013 levels. Furthermore, ING had a more ambitious target to reduce CO2e emissions by 50% by 2020, using a 2014 base year, for both Scope 1 and Scope 2 emissions.

ING has committed to Science Based Targets initiative (SBTi) with near-term targets set for 2025 that align with a 1.5°C warming scenario for operational Scope 1 and 2 emissions. The company also aims to reduce its exposure to coal to close to zero by 2025. ING’s portfolio targets for financed emissions covered 63% of its total investment and lending as of 2021.