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ING, officially known as ING Group N.V., is a prominent player in the financial intermediation services sector, excluding insurance and pension funding. Headquartered in the Netherlands, ING operates extensively across Europe, North America, and Asia, providing a wide range of banking and financial services. Founded in 1991, the company has achieved significant milestones, including its successful transition to a fully digital banking model.
ING's core offerings include retail banking, wholesale banking, and investment services, distinguished by their commitment to innovation and customer-centric solutions. The bank is recognised for its strong market position, consistently ranking among the top financial institutions globally. With a focus on sustainability and digital transformation, ING continues to set benchmarks in the financial services industry, making it a trusted partner for individuals and businesses alike.
53
DitchCarbon score
+16 vs industry average
Ing’s score of 53 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Ing's reported carbon emissions
In 2024, Ing's Scope 3 emissions were approximately 20.1 billion kg CO2e. In 2023, the company 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.
Ing has set several climate commitments. The company aimed to reduce its CO2e emissions by 20% by 2020 (from a 2014 base year) for both Scope 1 and Scope 2, a target it achieved in 2016. Additionally, Ing Bank aimed to reduce greenhouse gas emissions by 7% from 2013 levels by 2020 through efficiency measures. A more ambitious target was set to reduce Scope 1 and Scope 2 CO2e emissions by 50% by 2020, using 2014 as the base year. The company also aims to reduce its exposure to coal to close to zero by 2025 for both Scope 1 and Scope 2 emissions.
Ing's Science Based Targets Initiative (SBTi) commitments indicate "Targets Set" for near-term targets, classified as 1.5°C, with a target year of 2025. These portfolio targets cover 63% of its total investment and lending by financed emissions as of 2021. The targets covering greenhouse gas emissions from company operations (Scopes 1 and 2) are consistent with reductions required to keep warming to 1.5°C. Ing's SBTi status is "Committed" as a Financial Institution, with an extension under the FINZ extension policy.
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Ing’s Climate Goals (2030 & 2050)
4 goals2030
44% reduction in Scope 1
ING commits to reduce absolute scope 1 and 2 GHG emissions 44% by 2030 from a 2023 base year.
On track44%
2030
44% reduction in Scope 2
ING commits to reduce absolute scope 1 and 2 GHG emissions 44% by 2030 from a 2023 base year.
Behind target44%
2030
50% reduction in scope 3 total
Fossil Fuel Finance: ING commits to reduce GHG emissions from the upstream oil and gas sectors within its applicable corporate loan, investm…
Insufficient data50%
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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
2025 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Ing6 months ago
53
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Frequently asked questions
Common questions about Ing’s sustainability data and climate commitments
In 2024, Ing reported total carbon emissions of approximately 262 million kg CO2e. The largest portion of these emissions, nearly all of them, stem from Scope 3 activities, which accounted for around 20.1 billion kg CO2e. Scope 1 and Scope 2 emissions were significantly lower, with Scope 1 at approximately 6 million kg CO2e and Scope 2 at about 8 million kg CO2e in 2023. This highlights the substantial impact of Ing's value chain on its overall carbon footprint.
Data year: 2024
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