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.
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.
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.
Ing's score of 49 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, ING reported total carbon emissions of approximately 22,000,000 kg CO2e, comprising 6,000,000 kg CO2e from Scope 1 (direct emissions), 8,000,000 kg CO2e from Scope 2 (indirect emissions from purchased energy), and 14,000,000 kg CO2e from Scope 3 (indirect emissions from business travel). This reflects a significant reduction from previous years, where emissions were higher, such as 29,000,000 kg CO2e in 2022 and 30,000,000 kg CO2e in 2021. ING has set ambitious climate commitments, including a target to reduce Scope 1 and Scope 2 emissions by 50% by 2020, based on 2014 levels, which they achieved. Additionally, they aim to reduce their exposure to coal to near zero by 2025. The bank has also committed to reducing greenhouse gas emissions by 7% from 2013 levels by 2020 through efficiency measures. Overall, ING's proactive approach to managing carbon emissions and their commitment to sustainability positions them as a responsible financial institution in the Netherlands, actively working towards a lower carbon footprint.
Access structured emissions data, company-specific emission factors, and source documents
2013 | 2014 | 2015 | 2016 | 2017 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|---|---|---|
Scope 1 | 29,400,000 | 00,000,000 | 00,000,000 | 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 | 000,000,000 | 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 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
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.