ING Bank (Australia) Limited Sustainability Profile
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.
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.
Industry Benchmark
ING Bank (Australia) Limited's score of 24 is lower than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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ING Bank (Australia) Limited currently does not have specific carbon emissions data available for the most recent year. However, the bank is part of a broader corporate family that includes ING Groep N.V., which has established significant climate commitments and reduction initiatives. As a current subsidiary of ING Groep N.V., ING Bank (Australia) Limited inherits its climate targets and initiatives. ING Groep N.V. has set science-based targets (SBTi) aimed at reducing emissions across its operations. While specific reduction targets for ING Bank (Australia) Limited are not detailed, the overarching goals from ING Groep N.V. reflect a commitment to sustainability and climate action. The bank's climate strategy aligns with industry standards, focusing on reducing Scope 1, 2, and 3 emissions, although specific figures for these scopes are not provided. The absence of direct emissions data suggests that ING Bank (Australia) Limited is still in the process of developing its own detailed reporting framework. In summary, while specific emissions data for ING Bank (Australia) Limited is not available, the bank is committed to climate action through its affiliation with ING Groep N.V., which has set ambitious targets to address carbon emissions and promote sustainability within the financial sector.
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ING Bank (Australia) Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
ING Bank (Australia) Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
