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Financial Intermediation
AU
updated 6 months ago

ING Bank (Australia) Limited

Company website

ING Bank (Australia) Limited, a subsidiary of the global financial institution ING Group, is headquartered in Sydney, Australia. Established in 1999, ING Bank has made significant strides in the Australian banking sector, focusing primarily on retail banking and digital financial services. The bank is renowned for its innovative approach to savings accounts, home loans, and investment products, offering competitive interest rates and user-friendly online platforms. ING Bank's commitment to transparency and customer-centric solutions has positioned it as a leader in the Australian market, appealing to a growing base of tech-savvy consumers. With a strong emphasis on sustainability and responsible banking, ING Bank continues to achieve notable milestones, reinforcing its reputation as a trusted financial partner in Australia.

DitchCarbon Score

How does ING Bank (Australia) Limited'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.

40

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.

28

Industry Benchmark

ING Bank (Australia) Limited's score of 40 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.

64%

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ING Bank (Australia) Limited's reported carbon emissions

Inherited from ING Groep N.V.

ING Bank (Australia) Limited currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The bank is a current subsidiary of ING Groep N.V., which may influence its climate commitments and emissions reporting. While no direct emissions data is provided, ING Bank (Australia) Limited adheres to the climate initiatives and targets set by its parent company, ING Groep N.V. This includes commitments to the Science Based Targets initiative (SBTi) and participation in the Carbon Disclosure Project (CDP). These initiatives aim to align corporate strategies with climate science and promote transparency in emissions reporting. As a subsidiary, ING Bank (Australia) Limited's climate commitments are likely influenced by the broader sustainability goals of ING Groep N.V., which has established significant reduction targets. However, specific details regarding these targets or achievements at the subsidiary level are not disclosed. In summary, while ING Bank (Australia) Limited does not report specific emissions data, it is part of a corporate family that is actively engaged in climate initiatives and committed to reducing its carbon footprint in alignment with industry standards.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

201320142015201620172020202120222023
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
00,000,000
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
00,000,000
00,000,000
0,000,000
00,000,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. ING Bank (Australia) Limited's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for ING Bank (Australia) Limited is in AU, which has a very high grid carbon intensity relative to other regions.

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 Bank (Australia) Limited is not participating in any 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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