Ing

ING's most recent disclosed emissions data for 2024 indicates Scope 3 emissions of approximately 20.111 billion kg CO2e. For 2023, ING reported Scope 1 emissions of approximately 6 million kg CO2e, Scope 2 emissions of approximately 8 million kg CO2e (market-based), and Scope 3 emissions from business travel of approximately 14 million kg CO2e. In 2022, Scope 1 emissions were about 8 million kg CO2e, Scope 2 emissions were about 9 million kg CO2e (market-based), and Scope 3 emissions from business travel were about 11 million kg CO2e.

ING has committed to several climate targets. From a 2014 base year, the company aimed to reduce its Scope 1 and 2 CO2e emissions by 20% by 2020, a target that was achieved in 2016. A more ambitious target, also from a 2014 base year, was to reduce CO2e emissions by 50% by 2020, applying to both Scope 1 and Scope 2. Additionally, ING aimed to reduce greenhouse gas emissions by 7% from 2013 levels by 2020 (covering Scope 1 and Scope 2). ING also aims to reduce its exposure to coal to near zero by 2025.

ING is a financial institution based in the Netherlands, and its Science Based Targets initiative (SBTi) commitments reflect this. While it initially committed in 2015, more recently, as of March 2025, ING has set near-term targets classified as 1.5°C, aiming for 2025. These portfolio targets cover 63% of its total investment and lending by financed emissions as of 2021. The targets covering Scope 1 and 2 operational emissions are consistent with a 1.5°C warming scenario.