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ING's head office, Amsterdam. Photo: Ceescamel via Wikimedia Commons (CC BY SA 4.0)

Active

This profile is actively maintained
Last update: 2024-02-16 00:00:00
Bank info
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About
Website https://www.ing.com/Home.htm
Headquarters
Bijlmerdreef 106
1102 CT Amsterdam
Netherlands
CEO/chair Steven van Rijswijk
CEO
Supervisor
De Nederlandsche Bank
Ownership
listed on Euronext Amsterdam & Euronext Brussels

ING's shareholder structure can be accessed here.

ING (an abbreviation of Internationale Nederlanden Groep) is a Netherlands based international financial services company and one of the world's largest savings banks. It was founded through a merger in 1991 of NMB Postbank Groep and the insurance business of Nationale-Nederlanden, which history dates back to 1845. ING's primary businesses are retail banking, direct banking, commercial banking, investment banking, asset management, and insurance services. ING is active in over 40 countries.

Sustainability
Commitments
Policies
Voluntary standards

ING's most important sustainability commitments can be found at the website sections listed below.

Links

Sustainability

ESR policies

Environmental and social risk management

ING has the following bank policies in place:

Stance on plastic

date listed represents date as accessed on website
Bank policy
2024-10-08 00:00:00 | ING

Global Green Funding Framework 2024

Bank policy
2024-09-23 00:00:00 | ING

Climate Progress Update 2024

Bank policy
2024-09-19 00:00:00 | ING

Phase-out of upstream oil & gas financing by 2040

Bank policy
2023-12-20 00:00:00 | ING

ING takes next step in aligning oil & gas portfolio with climate goals

Bank policy
2023-03-14 00:00:00 | ING

Energy policy

Bank policy
2022-03-23 00:00:00 | ING

Oil & gas industry policy

Bank policy
2022-03-23 00:00:00 | ING

Stance on Biodiversity

Bank policy
2021-08-20 00:00:00 | ING

Biodiversity policy

Date listed represents date as accessed on website
Bank policy
2021-08-19 00:00:00 | ING

Environmental and social risk framework

Bank policy
2021-06-30 00:00:00 | ING

Financial Economic Crime Policy

Date listed represents date as accessed on website
Bank policy
2021-02-15 00:00:00 | ING

Stance on climate

Date listed represents date as accessed on website
Bank policy
2021-02-15 00:00:00 | ING

ING's Approach to the Modern Slavery Act

Bank policy
2020-04-22 00:00:00 | ING

Stance on human rights

Date listed represents date as accessed on website
Bank policy
2019-12-19 00:00:00 | ING

Stance on deforestation

Date listed represents date as accessed on website
Bank policy
2019-12-19 00:00:00 | ING

Stance on extractives industry

Date listed represents date as accessed on website
Bank policy
2019-12-19 00:00:00 | ING

Stance on palm oil

Date listed represents date as accessed on website
Bank policy
2019-12-19 00:00:00 | ING

Stance on animal welfare

Date listed represents date as accessed on website
Bank policy
2019-12-19 00:00:00 | ING

Zero tolerance approach to bribery and corruption

Date listed represents date as accessed on website
Bank policy
2019-12-19 00:00:00 | ING

Know Your Customer and Anti Money Laundering measures

Date listed represents date as accessed on website
Bank policy
2019-12-19 00:00:00 | ING

ING Viewpoint Sustainable Finance

Bank policy
2018-03-31 00:00:00 | ING

Standpunt van de ING over de financiering van kernwapens

Bank policy
2018-03-29 00:00:00 | ING

Environmental Approach 2017

Bank policy
2017-12-31 00:00:00 | ING

Supplier terms of engagement

Bank policy
2014-11-27 00:00:00 | ING
ING has committed itself to the following voluntary standards:
Klimaschutz-Selbstverpflichtung des FinanzsektorsTags: climate change | corporate social responsibility | finance
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Climate Statement Dutch Banking Association (NVB)Tags: climate change | transparency
Code Banken (Dutch Banking Code)Tags: bond issuance
Collective Commitment to Climate Action (CCCA)Tags: climate change | corporate social responsibility | United Nations
De Spitsbergen ambitieTags: climate change
Dutch Banking Sector Agreement on International Responsible Business Conduct regarding Human RightsTags: human rights
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Extractive Industries Transparency InitiativeTags: oil and gas | mining and processing | transparency
Global Reporting InitiativeTags: sustainable development | human rights
Impact on Sustainable AviationTags: aviation
Klimaatakkoord NetherlandsTags: climate change | corporate social responsibility
Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants
Paris Agreement Capital Transition Assessment (PACTA)Tags: corporate social responsibility
Poseidon PrinciplesTags: corporate social responsibility | shipping
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
Responsible Ship Recycling Standards (RSRS)Tags: safety | shipping | waste management
Science Based TargetsTags: climate change | corporate social responsibility
Sustainable Steel PrinciplesTags: corporate social responsibility
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
Taskforce on Nature-related Financial Disclosures (TNFD)Tags: corporate social responsibility | finance
Thun Group on Human RightsTags: Human Rights
UNEP Finance InitiativeTags: United Nations | sustainable development
UNEP-FI Finance Leadership Group on PlasticsTags: United Nations
United Nations Global CompactTags: United Nations | human rights
Dodgy Deals

ING is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of ING's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Dutch financial sector: over 80% of investments in energy sector still going to fossil fuels

A new report finds that Dutch bank ING now finances more fossil fuels than in 2016
2024-10-22 | Amsterdam | Amnesty International, Fair Bank Guide Netherlands, Milieudefensie, PAX, Profundo, World Animal Protection
Blog
BankTrack news BankTrack blog Partner news Partner blog

As the world chokes in plastic, banks continue to finance plastic production

New research reveals a lack of bank policies dealing with the impact of plastics on climate, nature and humans
2024-10-17 | Amsterdam | BankTrack, Plastic Soup Foundation, Profundo
BankTrack news BankTrack blog Partner news Partner blog

‘You only go to the party if everyone is going’: finance bosses to skip COP29

Business expectations lowered for summit to be held in Baku next month
2024-10-08 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Energy supply financing ratios: the next milestone in banks’ climate strategy

The energy supply financing ratio is a key indicator that synthesizes two major challenges in limiting global warming to 1.5°C: the phase-out of fossil fuels and the development of sustainable alternatives.
2024-10-07 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

ING’s Ex-CEO Ralph Hamers to Learn Decision by Prosecutors This Year

Dutch money laundering case has run for almost four years, ING paid €775 million settlement to avoid prosecution in 2018
2024-10-04 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

Mixed reaction from climate campaigners as ING cuts fossil fuel support

BankTrack mentioned
2024-10-01 | GTR
BankTrack news BankTrack blog Partner news Partner blog

ING blijft vervuilende raffinaderijen en kolencentrales rustig doorfinancieren

BankTrack mentioned
2024-09-30 | Amnesty International Netherlands - Wordt Vervolgd
BankTrack news BankTrack blog Partner news Partner blog

ING is lone too-big-to-fail bank in test-run for new CO2 metric

ING Groep takes the lead in validating climate commitments amid growing scrutiny of finance industry standards.
2024-09-28 | Moneyweb
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays earned $1.7 billion from company tied to Indigenous land invasion

Financial powerhouses including Barclays, Vanguard and BlackRock made millions from financing Brazilian meatpacker JBS
2024-09-26 | London | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

After Protests, Dutch Bank ING Will Restrict Lending to Climate Polluters

The banking giant is officially telling climate polluters to fuck off
2024-09-20 | Vice
Blog
BankTrack news BankTrack blog Partner news Partner blog

ING strengthens climate commitments, further restricts finance for oil and gas

The Dutch bank makes important strides forward, but real-world impact may be limited
2024-09-20 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks must overhaul climate targets to deliver emissions cuts, new analysis finds

Reclaim Finance is urging banks to rethink their targets, and in particular to jettison the widely used “financed emissions” and “facilitated emissions” targets.
2024-09-19 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Campaigners cast guerilla projection onto ING HQ demanding end to coal bonds

The Netherlands’ largest fossil bank told to end bond finance for coal giant Glencore
2024-09-05 | Artivist Network, ING Fossielvrij, Julia Hovenier – BankTrack, Toxic Bonds Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Frontline communities take the stage at bank AGM’s

AGMs remain crucial for community grievances, while executives seek to limit activist shareholder participation
2024-07-30 | Nijmegen, The Netherlands | Deniz Ozkil – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack set to publish 2024 Global Human Rights Benchmark in November

50 of the world’s largest banks were invited to provide feedback on draft assessments of their human rights disclosures
2024-07-23 | Nijmegen, Netherlands | Giulia Barbos – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fail to substantially respond to communities impacted by ArcelorMittal on climate and human rights concerns

2024-07-18 | BankTrack, Fair Steel Coalition, Reclaim Finance, SteelWatch
Blog
BankTrack news BankTrack blog Partner news Partner blog

NZBA misses the target on steel: Banks must step up decarbonization efforts

Long awaited guidance will not stop climate chaos
2024-07-08 | Cynthia Rocamora, Reclaim Finance, Julia Hovenier – BankTrack, Paddy McCully, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coalition calls on European and Japanese banks to stop financing methane gas export projects on the United States Gulf Coast

2024-06-28 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Environmental and Social policies of major Amazon oil and gas financiers fail to protect the Rainforest and its peoples

New report reveals that only one of the top six banks financing oil and gas extraction in the Amazon has an effective policy to protect the region
2024-06-11 | San Francisco (Chochenyo and Karkin Ohlone Lands) | Coordinating body of Indigenous Organizations of the Amazon River Basin (COICA), Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major banks still allow human rights violations to persist: New report from FF Netherlands

Huge difference between policy and practice, especially at ING and Rabobank
2024-06-11 | Fair Bank Guide Netherlands
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fueling climate chaos: the financing of metallurgical coal mining on the rise

Coal for steel received 31.9 billion US$ of financing by banks between 2016 and 2023
2024-05-27 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Biggest banks finance more carbon pollution than emissions of Italy, Germany, France and UK combined

New report by ReCommon exposes carbon pollution financed by the world’s biggest banks ahead of G7 finance ministers meeting
2024-05-21 | Rome, Italy | ReCommon
BankTrack news BankTrack blog Partner news Partner blog

‘Toename fossiele financiering door ING en Rabobank’

BankTrack mentioned
2024-05-13 | Het Financieele Dagblad
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JPMorgan Chase, Mizuho, and Bank of America are worst 3 funders

Annual Banking on Climate Chaos report with an updated methodology offers comprehensive look at who’s bankrolling the climate crisis
2024-05-13 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fall for ArcelorMittal’s shiny claims and finance its dirty flames

Don’t be fooled by ArcelorMittal's “low carbon” sponsorship of the Olympic Games
2024-05-08 | Julia Hovenier – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Western banks in Russia paid €800mn in taxes to Kremlin last year

2024-04-29 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

‘Stop treating us as your sacrifice zone’ Community leaders demand at ING’s annual shareholder meeting

ING finance on steel, gas and coal questioned for its impact on communities
2024-04-24 | Amsterdam | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

ING krijgt na financieel topjaar vooral vragen over duurzaamheid

BankTrack mentioned
2024-04-22 | Financieele Dagblad
Blog
BankTrack news BankTrack blog Partner news Partner blog

Frontline communities confront ING on toxic finance

Community defenders from five countries attend ING’s AGM to challenge the bank’s financing for polluting industries like gas, LNG and steel
2024-04-22 | Amsterdam, The Netherlands | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

At Dutch banking giant ING’s AGM communities will call out the company’s environmental racism

BankTrack mentioned
2024-04-19 | The Canary
Blog
BankTrack news BankTrack blog Partner news Partner blog

New Report: Bankrolling Ecosystem Destruction

EU banks have poured €256 billion into sectors that threaten nature and climate
2024-03-27 | Amsterdam | Greenpeace International, Harvest, Milieudefensie
BankTrack news BankTrack blog Partner news Partner blog

Steel Sector Financiers Disclose Climate Alignment for the First Time — and There’s More Work to Do

Findings from the first Sustainable STEEL Principles report
2024-03-27 | RMI
Blog
BankTrack news BankTrack blog Partner news Partner blog

The banks financing dirty steel

The world’s major banks continue to support the largest and most polluting steel producers
2024-03-26 | Paris, France | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Rabobank faciliteert lobby van Braziliaanse ontbossers met miljarden

2024-03-21 | Fair Finance Guide Netherlands
Blog
BankTrack news BankTrack blog Partner news Partner blog

How Dutch banks finance agrilobby in Brazil

The new report exposes the links between Dutch financial institutions and agribusiness lobby
2024-03-21 | Amsterdam | Eerlijke Bankwijzer, Fair Bank Guide Netherlands
BankTrack news BankTrack blog Partner news Partner blog

UK banks urged to end finance to company behind Rosebank oil field development

BankTrack mentioned
2024-03-20 | The Independent
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financing company behind controversial Rosebank oil field despite climate pledges

HSBC, Lloyds, NatWest and BNP Paribas are financing major North Sea oil expander Ithaca Energy, despite pledges to stop propping up new fossil fuel projects
2024-03-20 | London | BankTrack, #StopRosebank
Blog
BankTrack news BankTrack blog Partner news Partner blog

Still butchering the planet

The big-name financiers bankrolling livestock corporations and climate change – 2024 update
2024-03-18 | London | Feedback
BankTrack news BankTrack blog Partner news Partner blog

Banks driving increase in global meat and dairy production, report finds

Financiers providing billion-dollar support for industrial livestock companies to expand leading to unsustainable rise in production
2024-03-18 | London | the Guardian
BankTrack news BankTrack blog Partner news Partner blog

The credit chainsaw

A review of how EU-based banks are pouring billions into deforestation
2024-03-12 | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financiers warned of huge risks to communities and biodiversity as Rio Tinto approves world’s biggest mining project

2024-02-26 | Accra, Ghana and Nijmegen, Netherlands | BankTrack, Advocates for Community Alternatives (ACA)
BankTrack news BankTrack blog Partner news Partner blog

GERMANY'S LEAG PLANS CONSTRUCTION OF FOUR GAS POWER PLANTS

Coal miner and power generator LEAG, owned by Czech energy firm EPH, plans to build gas-fired power stations at four locations in Germany
2024-02-23
BankTrack news BankTrack blog Partner news Partner blog

The Cerrado crisis: Brazil’s deforestation frontline

Everyone knows the Amazon is in crisis. But next door, another ecological catastrophe is unfolding.
2024-02-21 | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report by Global Witness "The Cerrado crisis: Brazil’s deforestation frontline"

Deforestation footprint of Brazil’s three biggest meat companies five times larger in fragile Cerrado than in Amazon
2024-02-21 | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

Financieren banken zichzelf de ondergang in? De ECB hint daar wel op

Er vloeien nog altijd miljarden euro’s naar fossiele projecten. Onderzoek wijst uit dat negen van de tien Europese banken een beleid hanteren dat niet in lijn is met het klimaatakkoord van Parijs. Daarmee zetten ze hun eigen voortbestaan op het spel. “Het feit dat er banken bestaan die fossiele projecten uitsluiten en alsnog renderen, laat zien dat het mogelijk is om geld te verdienen als duurzame bank”, meent de organisatie BankTrack
BankTrack mentioned
2024-02-20 | ChangeInc.
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays’ climate strategy = greenwashing and business as usual

In early February, Barclays published its revised oil and gas policy; what is striking is the number of references to oil and gas expansion, and the absence of firm measures to cease funding it.
2024-02-14 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate & frontline groups demand banks, insurance, & private equity end LNG backing

Over 100 climate and frontline groups wrote to the finance industry to stop its LNG support
2024-02-05 | The Sunrise Project
Blog
BankTrack news BankTrack blog Partner news Partner blog

An upstream oil and gas phase-out date does not shield ING from climate lawsuits

The Dutch bank’s policy move is a small step in the right direction, but more is needed to deliver on the 1.5ºC Paris goal as it still allows investment in fossil fuel companies with expansion plans.
2024-02-05 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

First Shell, now it's ING's turn: Friends of the Earth Netherlands is starting a new climate lawsuit

2024-01-22 | Amsterdam | Milieudefensie
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonizing steel: ING first bank to act

2024-01-09 | BankTrack, Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Climate activists block Amsterdam highway in protest against ING

2023-12-31 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

POSCO is relining coal-based steel furnaces to prolong their lifetimes. This jeopardises its financiers' climate commitments.

Financiers of POSCO should be wary of capital expenditures that are misaligned with climate commitments
2023-12-18 | Julia Hovenier – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

67 organisations call on banks to cease financing metallurgical coal

Banks risk stranded assets & climate catastrophe in steel lending without metallurgical coal exclusions
2023-12-07 | Nijmegen | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

European Finance Flows fuelling the climate crisis: The role of Article 2.1c under the UNFCCC

The EU’s call for COP28 to address the world’s climate-harming financial flows not matched by its own efforts at home, research by ActionAid reveals
2023-11-30 | ActionAid
Blog
BankTrack news BankTrack blog Partner news Partner blog

Europe’s top 20 banks need to be clearer, cleaner and greener

Europe’s largest banks’ green finance targets and reporting risk misleading customers and investors – new ShareAction research
2023-11-22 | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major European banks back mining giant Glencore's toxic legacy in Colombia and Peru

2023-11-16 | Censat, Cinep, CooperAcción, Fair Finance International, Oxfam
BankTrack news BankTrack blog Partner news Partner blog

ING finances the group behind the world's largest coal mines

(In Dutch) ING has been saying for years that it no longer wants to invest in coal mining because of climate change. Yet the bank is one of the main financiers of Glencore
2023-10-31 | Follow the Money
Blog
BankTrack news BankTrack blog Partner news Partner blog

Sustainable power: banks must step up a gear

A new tracker launched today by 13 NGOs, including Reclaim Finance and BankTrack, reveals the biggest global banks do not have the basic policies and financing targets needed to support decarbonization of the power sector.
2023-10-24 | BankTrack, Bank on our Future, Beyond Fossil Fuels, Climate Action Network France, Finance Watch, Friends of the Earth France, Make My Money Matter, Rainforest Action Network, Reclaim Finance, ReCommon, ShareAction, Sierra Club, WWF
BankTrack news BankTrack blog Partner news Partner blog

‘Carbon mega bomb’: climate experts urge Biden to block gas export hub

2023-10-23 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

US residents call out ING Bank in Rotterdam

They are holding the bank responsible for damage caused by LNG terminals
2023-10-11 | Rotterdam, the Netherlands | BankTrack, ING Fossielvrij
BankTrack news BankTrack blog Partner news Partner blog

ING en ABN Amro willen niet betrokken zijn bij olieboringen rond de Noordpool, maar zijn het toch

2023-09-28 | Follw the money
BankTrack news BankTrack blog Partner news Partner blog

ING bank en ABN-amro helpen de fossiele industrie aan tientallen miljarden

2023-09-26 | Follow the money
BankTrack news BankTrack blog Partner news Partner blog

Fossil fuel companies are not slowing down. Which banks and lawyers facilitate their growth?

2023-09-26 | Follw the money
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks raised "green" finance for NordGold and then left communities affected by its Guinean goldmine stranded

Six European and Japanese banks helped mining company Nordgold raise $200 million “ESG-linked” financing. But they failed to address the impacts of its Lefa gold mine in Guinea, where affected people are seeking urgent relocation.
2023-08-24 | Nijmegen, Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonization: steel not making the cut

Analysis by Reclaim Finance shows that few financial institutions have steel targets, and that those that have been adopted are riddled with flaws
2023-08-23 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

A year and a half after Russia's invasion of Ukraine, Raiffeisen, UniCredit, and Citi profited the most among foreign banks in Russia

2023-08-07 | B4Ukraine
Blog
BankTrack news BankTrack blog Partner news Partner blog

Policy analysis report: Moving away from mass destruction

2023-07-27 | ICAN, PAX
BankTrack news BankTrack blog Partner news Partner blog

EU banks in Russia: next in line for asset-grab?

2023-07-26 | Brussels, Belgium | EU Observer
Blog
BankTrack news BankTrack blog Partner news Partner blog

The Sustainable Steel Principles: One step forward when leaps are needed

Banks must commit to more on fossil-free steelmaking than just measuring and disclosing financed emissions
2023-07-13 | Nijmegen, The Netherlands | Julia Hovenier – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Challenging banks on their Dodgy Deals this AGM season

Our AGM wrap up blog
2023-06-27 | Natasha Ion – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Philippines communities are fighting back against gas & LNG build-out in the Verde Island Passage

The region has been designated to become the epicenter of fossil fuel expansion in Southeast Asia
2023-05-25 | BankTrack, Center for Energy, Ecology, and Development (CEED), Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Banken en milieugroepen willen hetzelfde, maar staan tegenover elkaar

Banks and environmental groups want the same, but disagree (in Dutch)
BankTrack mentioned
2023-05-21 | Het Financieele Dagblad
Blog
BankTrack news BankTrack blog Partner news Partner blog

ING in the spotlight ahead of its AGM for its climate destructive finance

Campaigners will join the bank’s shareholder meeting today to send the message that continuing to finance oil, gas and biomass expansion will stop the bank from meeting its climate commitments
2023-04-24 | Amsterdam | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2023-04-13 | San Francisco | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

The human and environmental cost of Europe financing industrial animal farming

2023-04-12 | Friends of the Earth Europe, Justice is Everybody's Business
Blog
BankTrack news BankTrack blog Partner news Partner blog

Australia’s big four banks face human rights complaint over Santos Barossa financing

2023-04-05 | Market Forces
BankTrack news BankTrack blog Partner news Partner blog

Fair Finance Guide 7.0

Viele Banken bessern ihre Nachhaltigkeitsrichtlinien verfügen aber häufig über zu schwache bzw. ungenügende Richtlinien zur Bekämpfung des Klimawandels
2023-03-23 | Fair Finance Guide Germany
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate plans of large Dutch banks, insurers and pension funds fall seriously short

2023-03-20 | Fair Finance Guide Netherlands
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?

Two banks made clear they will avoid financing Rovuma LNG, but plenty remain in the frame.
2023-03-20 | BankTrack, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, ReCommon
BankTrack news BankTrack blog Partner news Partner blog

ESG round-up: ShareAction slams Credit Suisse's climate strategy

The latest development in sustainable finance: ING earns plaudits for restrictions on mid-stream oil and gas financing; West Virgina votes in favour of anti-ESG bill.
BankTrack mentioned
2023-03-14 | Responsible Investor
Blog
BankTrack news BankTrack blog Partner news Partner blog

New ING policy could spark bank shift away from financing oil and gas infrastructure

Dutch bank excludes financing for oil and gas infrastructure dedicated to new fields, although important gaps remain.
2023-03-14 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Dutch bank ING supports controversial pipeline to import gas from authoritarian Azerbaijan

Financing the Bulgaria-Serbia Interconnector Gas Pipeline goes against the bank's own stated priorities and is a massive step in the wrong direction.
2023-03-09 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

26 business clients ask ING to stop financing oil and gas

With a full-page newspaper add, organisations including trade union FNV and relief organisation Cordaid call on the bank to end financing for fossil fuels
2023-03-07 | ING Fossielvrij
BankTrack news BankTrack blog Partner news Partner blog

Banks' energy policies reflect net-zero ambition gap

Restrictions on upstream oil and gas financing aren't the silver bullet that the sector needs to achieve its climate goals.
2023-02-23 | Euromoney
BankTrack news BankTrack blog Partner news Partner blog

European Banks Get Tougher on Oil, Gas

BankTrack mentioned
2023-02-08 | Energy Intelligence
BankTrack news BankTrack blog Partner news Partner blog

Indonesia’s Adaro struggles to secure funding for $2bn aluminium project

Climate campaigners condemn plans for 2.2GW coal power plant to fuel new smelter
2023-02-07 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report reveals the 40 financial institutions funding the world's climate-changing methane problem

A new report by Planet Tracker and Changing Markets reveals the top financial institutions funding the world’s biggest methane producers, and the role they can play in turning the tide on global heating.
2023-01-17 | London | Changing Markets, Planet Tracker
Blog
BankTrack news BankTrack blog Partner news Partner blog

Europe’s largest banks falling short on climate and biodiversity action

New ShareAction research uncovers urgent need for UK and European banking sector to close loopholes in climate and biodiversity strategies
2022-12-12 | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

European financial institutions heavily invested in companies involved in illegal Israeli settlements

725 European Financial Institutions found to provide billions of dollars in finance to companies operating in Israel's illegal settlement enterprise
2022-12-05 | Brussels | Don't Buy Into Occupation
BankTrack news BankTrack blog Partner news Partner blog

Faires Geld braucht die Welt

Neue ÖPNV-Infokampagne in NRW für mehr Nachhaltigkeit im Bankensektor
2022-12-02 | lifePR
Blog
BankTrack news BankTrack blog Partner news Partner blog

ING's oil and gas commitments undermined by policy loopholes

After excluding finance for new fields, could Dutch bank ING lead the way on ending finance for all oil and gas expansion?
2022-11-21 | Nijmegen, the Netherlands | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

De gasmiljarden van ING (the gas billions of ING)

TV item about ING's financing for US LNG (in Dutch)
BankTrack mentioned
2022-11-20 | Pointer
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New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

BankTrack’s 2022 Global Human Rights Benchmark finds reporting at a standstill, remedy still lacking and no clear leaders
2022-11-17 | BankTrack
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New report on climate commitments of Turkish banks

350.org assesses policies of 17 Turkish banks
2022-11-14 | 350.org Turkey
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These Australians are taking action against gas drilling under their own farm

ING Bank is financing oil and gas giant Santos’ development of a fracking project in eastern Australia.
2022-11-08 | ING Fossielvrij
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‘Wilful Ignorance’: Indigenous Delegation incredulous at bankers’ attitude to fossil fuel impacts

US and Mexican activists fighting new oil and gas projects said they had to give a basic lesson on the harm caused by fracking during meetings with financiers in London
2022-11-04 | DeSmog
Blog
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Bank financiers of harmful wood biomass have no policies addressing impacts, shows new study

A briefing from BankTrack details impacts of the wood biomass industry and calls on banks to exclude sector from finance
2022-10-21 | BankTrack
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Banks in Russia now have to help with conscription: Those who stay could be complicit in war crimes

2022-10-11 | Lorena Bisignano – BankTrack, Ryan Brightwell – BankTrack
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Call to Dutch investors: get out of TotalEnergies

Dutch civil society draws attention to EACOP on Total's investor day
2022-09-28 | Utrecht/Amsterdam | BankTrack, Both ENDS, Fair Finance Guide Netherlands, ING Fossielvrij, Milieudefensie
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Oproep aan Nederlandse investeerders: stap uit TotalEnergies

2022-09-27 | Both Ends
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Finance groups risk being kicked out of Mark Carney-led climate coalition

2022-08-22 | London, UK; and Boston, USA | Financial Times
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From fisherman to refugee, in part thanks to ING

A report from the coast of Cabo Delgado, Mozambique
2022-07-12 | ING Fossielvrij
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New report: Largest European banks bankroll high-risk arms traders

2022-07-12 | PAX
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NewClimate Institute report: 29 major polluters on collision course with our climate

2022-07-05 | Amsterdam, Netherlands | Milieudefensie
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Global banks ignore Amazon's indigenous voices at their peril

2022-06-23 | Reuters
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New Report: Financing a Fossil Future – Tracing the Money Pipeline of Fossil Gas in Southeast Asia

Southeast Asia is spiraling into a fossil future thanks to a massive fleet of gas projects
2022-06-03 | Center for Energy, Ecology, and Development (CEED)
Blog
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Launching of Banking Responsibility Research on Cement Industry Financing

2022-05-25 | Fair Finance Asia, Prakarsa - Welfare Initiative for Better Societies
Blog
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Eyes closed, costs down, profits up

Dirty Profits 9 published today by Facing Finance
2022-05-18 | Berlin | Facing Finance
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Aandeelhoudersactivisme gaat niet snel genoeg

BankTrack mentioned
2022-05-02 | Het Financieele Dagblad (FD)
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ING faces protests and tough questions over fossil fuel financing at its 2022 AGM

BankTrack's Maaike Beenes reports on disruption and demands for stronger climate action at the AGM of the largest Dutch bank
2022-04-25 | Amsterdam | BankTrack
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Standard Chartered Bank hit with protests on opposite sides of the world as fossil fuel vote approaches

It's the only UK bank facing a shareholder-proposed climate change resolution at its AGM this year
2022-04-19 | Jakarta, Kalimantan, London | Market Forces
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ING runs away from its responsibilities

ING bank chooses to continue deforestation and human rights violations on the palm oil plantations in which they invest money.
2022-04-07 | Netherlands | Milieudefensie
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NGOs reveal top international companies, banks, and investors that fuel Russia's war machine

2022-04-04 | Berlin | urgewald, Ecodefense
Blog
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New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
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Finance and Climate Change report

A comprehensive climate assessment of the world's largest financial institutions
2022-03-28 | InfluenceMap
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Dutch bank ING ends financing new oil and gas projects

2022-03-23 | Reuters
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Dutch bank ING to stop financing new upstream oil and gas projects

2022-03-23 | Nijmegen, Paris | BankTrack, Reclaim Finance
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ING financiert geen nieuwe olie- en gasprojecten meer

2022-03-23 | Financieele Dagblad
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What the war in Ukraine teaches us

Lessons for European governments, companies and financiers - a Profundo Expert View
2022-03-04 | Jan Willem van Gelder - Profundo
Blog
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At least $132 billion in finance for fossil fuels is locking Africa out of a Just Transition, shows new report

African countries kept in fossil fuel stranglehold by Overseas money
2022-03-03 | BankTrack, 350.org Africa, AFIEGO, Africa Coal Network, Alerte Congolaise pour l’Environnement et les Droits de l’Homme (ACEDH), Alliance for Empowering Rural Communities (AERC), Centre for Alternative Development (CAD), Environment Governance Institute (EGI), Friends of the Earth Ghana, Friends of the Earth Mozambique, Friends of the Earth Togo, Innovation for the Development and Protection of the Environment (IDPE), Laudato Si, Lumière Synergie pour le Développement (LSD), Milieudefensie, Oil Change International, Save Okavango (SOUL), Solidarité pour la Réflexion et Appui au Développement Communautaire (SORADEC), Synergie de Jeunes pour le Développement et les Droits Humains (SJDDH), Women Environmental Programme Nigeria, WoMin, Zimbabwe Environmental Law Association (ZELA)
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Banks failing to address severe human rights impacts transparently, finds BankTrack research

Findings reinforce the need for regulators to ensure access to effective remedy for people affected by bank finance
2021-12-14 | Nijmegen | BankTrack
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Dutch financial sector European frontrunner in financing deforestation

2021-12-08 | Milieudefensie
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Glasgow wrap-up: updates from banks and civil society at COP26

With COP26 behind us, it’s as clear as ever before that banks must act urgently to help achieve the goal of limiting global warming to 1.5 C.
2021-11-17 | Nijmegen | BankTrack
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Meet the banks funding the owners of the Cambo oil field

New research shines a spotlight on the banks backing Shell and Siccar Point Energy
2021-10-29 | #StopCambo
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Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
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Banks and biodiversity: are banks moving towards Kunming?

As China hosts the first part of the UN Biodiversity Conference, banks are called upon to support its goals
2021-10-14 | Nijmegen | BankTrack
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ING's climate reluctance

ING’s first Integrated Climate Report depicts the bank as a frontrunner on fighting climate change, but it has no plans to stop financing oil & gas
2021-10-11 | Nijmegen | BankTrack
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Dutch pension funds, insurers and banks not yet Paris-proof

The climate plans of the Dutch financial sector are totally insufficient to achieve the goals of the Paris Climate Agreement and they do not reflect the seriousness and urgency of the climate crisis. This is evident from new research by the Fair Finance Guide Netherlands
2021-09-30 | Amsterdam | Fair Finance Guide Netherlands
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New report exposes billions in European financial support to companies in illegal Israeli settlements

2021-09-29 | Don't Buy Into Occupation
Blog
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Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
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Letter from ClientEarth to 17 banks regarding the Cambo oil field

2021-09-14 | ClientEarth
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North Sea oil field development shows banks’ hypocrisy over climate

ClientEarth sends letter to 17 banks urging them to stop financing Shell and Siccar Point Energy, the companies pushing for the Cambo oil field
2021-09-14 | ClientEarth
Blog
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New research puts big banks’ sustainability claims in doubt

While 20 of Europe’s 25 largest banks have pledged to reach net-zero emissions by 2050, none have matched these long-term ambitions with comprehensive plans to avert climate change and biodiversity loss
2021-09-06 | London | ShareAction
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Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress

2021-08-19 | Forests & Finance
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Report: Global banks fail for financing, investment in oil & gas in Amazon rainforest

Banks remain highly exposed to risk of fueling corruption, human rights violations, and environmental harms despite commitments
2021-07-08 | San Francisco | Amazon Watch, Stand.earth
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Dear bank CEO, you are cordially invited to defund this pipeline

Anti-oil activists are turning their focus on fossil fuel funding, aiming to stop the flow of money for good.
2021-07-01 | Bloomberg Green
Blog
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Fossil assets: the new subprimes?

How funding the climate crisis can lead to a financial crisis
2021-06-10 | Institut Rousseau, Les Amis de la Terre, Reclaim Finance
Blog
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World’s 50 largest banks and investors driving deforestation through weak policies and major investments, new study finds

Top investors BlackRock, Vanguard, State Street, PNB, EPF, GPIF, and KWAP all amongst lowest scoring
2021-06-08 | Forests & Finance
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Safeguard biodiversity - finance less meat and more plants.

On International Biodiversity Day, Fair Finance Netherlands is calling for Dutch banks to safeguard environmental biodiversity by supporting the transition from predominantly meat based to plant-based diets instead.
2021-05-27 | Fair Finance International
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Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
Blog
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Revealed: Businesses and banks behind global plastic waste crisis

Just 20 companies produce over 50 per cent of all single-use plastic - Top financial institutions enabling plastic waste identified
2021-05-18 | Minderoo Foundation
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Dutch bank ING draws complaint for financing controversial Indonesian coal plants

2021-04-28 | Eco-Business
Blog
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Formal complaint on Indonesia coal financing lodged to ING

2021-04-26 | Eerlijke Bankwijzer, Fair Finance International
Blog
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More than half of Europe’s bank directors too compromised to end fossil fuel finance

2021-04-07 | DeSmog
Blog
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Are banks partly responsible for child labour and deforestation in chocolate production?

The role of Belgian banks in the cocoa sector
2021-04-03 | FairFin
Blog
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Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
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EUR 146 billion for trash? How banks and the plastics industry are forcing a global environmental catastrophe

2021-03-04 | Berlin | Facing Finance
Blog
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BNP Paribas, Credit Suisse, ING to exclude exports of Ecuadorian Amazon oil from trading activities

Commitments come in response to Amazon Watch, Stand.earth report that exposed how European banks provide USD 10 billion in oil trade financing from Amazon to U.S.
2021-01-25 | Geneva, Switzerland | Amazon Watch, Stand.earth
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Bank lending to plastics industry faces scrutiny as pollution concerns mount

2021-01-07 | Reuters
Blog
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Corporate accountability and the just transition: Frameworks for holding corporations accountable for climate change

2020-12-14 | Amsterdam, Netherlands | Birka Wicke, Utrecht University, Joseph Wilde Ramsing, OECD Watch, Katharine Booth, Business and Human Rights Lawyer, Marian Ingrams, OECD Watch
Blog
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Five years since the Paris Agreement, are banks' 2050 pledges enough to reign in fossil fuel finance?

How the year's 'Paris-alignment' moves stack up against the measures needed to tackle the climate crisis
2020-12-12 | BankTrack
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Major global banks complicit in widespread destruction of the Amazon rainforest linked to Brazilian beef companies, and international audits flawed

2020-12-03 | Global Witness
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Equator Banks fail communities on consultation and grievance mechanisms, new study finds

BankTrack research into nine projects financed ‘under Equator’ finds routine failures to conduct proper community consultation and a lack of effective project-level grievance mechanisms
2020-11-24 | Nijmegen | BankTrack
Blog
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Terra gaat de aarde niet redden

BankTrack, Eerlijke Bankwijzer, Milieudefensie en Greenpeace reageren op tweede voortgangsrapportage Terra aanpak ING
2020-10-29 | Nijmegen | Eerlijke Bankwijzer, Greenpeace Netherlands, Johan Frijns – BankTrack, Milieudefensie
Blog
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Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance

ShareAction says Barclays has participated in 11 loan and bond deals to oil sands companies since its net zero announcement in March
2020-10-29 | London | ShareAction
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Progress on Dutch bank sustainability policies but improvements still needed

2020-10-27 | Fair Finance International
Blog
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A call to action on the Principles for Responsible Banking: End climate-destructive financing now

2020-10-20
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HSBC and other banks set climate targets for loans and investments

2020-10-01 | Bloomberg
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Western banks provide billions in backing for firms driving tuna species to collapse

2020-09-28 | Unearthed
Blog
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Principles for Responsible Banking no obstacle to finance climate destruction

Twenty PRB banks provided over US$1.25 trillion in fossil fuel financing since Paris Agreement
2020-09-22 | Nijmegen | BankTrack, Rainforest Action Network
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New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
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Dutch banks slammed by independent committee for failing to address client confidentiality

2020-08-26 | Nijmegen | BankTrack
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New report reveals European banks financing trade of controversial Amazon oil to U.S.

Banks in Switzerland, France and the Netherlands facilitate trade from Amazon Sacred Headwaters region in Ecuador, where oil extraction contributes to spills, human rights abuses and climate destruction
2020-08-12 | Geneva, Switzerland | Amazon Watch, Stand.earth
Blog
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Equator Principles requirements missing for most projects, finds new BankTrack study

Research into 37 projects financed 'under Equator' finds project-level grievance mechanisms or stakeholder engagement processes cannot be evidenced in 65% of cases
2020-08-11 | BankTrack
Blog
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Could financial sector vigilance have avoided Vizag gas leak?

India must make Environment, Social and Governance accountability mandatory so that lenders are responsible towards tax payers
2020-07-01 | Shreya Kaushik, Fair Finance India
Blog
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Equator Principles: New BankTrack database sheds light on patchy project name reporting

BankTrack publishes database of Equator-financed projects, together with analysis showing some banks report few or no project names – notable poor performers include ING, HSBC and Lloyds
2020-06-29 | BankTrack
Blog
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Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
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Pobladores/as se toman terrenos de Forestal Arauco en Laraquete

2020-03-12 | Resumen.cl
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Dutch banks fail to act on gender equality

Dutch banks still have far to go to realise gender equality in both their internal operations and their client and investee relationships. This is the conclusion of a new study conducted by SOMO for the Fair Bank Guide on the performance of seven Dutch banks.
2020-03-12 | SOMO
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UBS names ING’s Ralph Hamers as next chief executive

2020-02-20 | Financial Times
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Dutch companies linked to human rights abuses in Angola: report

2020-01-20 | NLTimes
Blog
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Friends of the Earth groups complaint against ING Group admissible, declares OECD

2020-01-20 | Amsterdam | Milieudefensie, OECD Watch
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Big European banks face call to end funding for firms building coal-fired plants

BankTrack mentioned
2019-12-05 | Reuters
Blog
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Twenty percent of Dominican Republic territory at risk from fossil fuel auction, banks warned to steer clear

2019-11-26 | Nijmegen, the Netherlands | CNLCC, Re:Common, BankTrack
Blog
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4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
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ING and 30 banks commit to climate action

2019-09-23 | ING
Blog
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Friends of the Earth groups and supporters file OECD complaint against ING for financing palm oil abuses

2019-07-05 | Amsterdam | Milieudefensie, Sustainable Development Institute Liberia, WALHI
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Leak exposes millions of dollars in new payments in Odebrecht cash-for-contracts scandal

2019-06-25 | International Consortium of Investigative Journalists
Blog
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BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
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Hyundai admits bribing Indonesian politician for power plant construction

2019-05-02 | The Korea Times
Blog
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Dutch bank ING challenged over finance for fossil gas expansion

2019-04-23 | Amsterdam, the Netherlands | BankTrack
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Dutch NCP on OECD Guidelines: Banks must publish climate targets in line with Paris Climate Agreement

2019-04-19 | Nijmegen | BankTrack
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Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
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Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
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ING Money Laundering Woes Worsen After Bank of Italy Probe

2019-03-16 | Bloomberg
Blog
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Banks be warned – Poland’s PGE wants to blow the house and the climate on coal expansion extravaganza

Latest distress signal from new financial results another reason for potential financiers to walk away
2019-03-14 | Warsaw, Poland | Kuba Gogolewski – Development YES Open-Pit Mines NO
Blog
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Thirteen Guinean villages lodge complaint against World Bank for financing destructive bauxite mine

Further finance came from a syndicate of commercial banks under the Equator Principles
2019-03-11 | Conakry | Inclusive Development International
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These Are the Banks Caught Up in the Russia Money-Laundering Scandal

2019-03-06 | Bloomberg
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Russian money laundering machine shifted millions through the Netherlands

2019-03-05 | Dutchnews.nl
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Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
Blog
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Trans Adriatic Pipeline: France provides massive financial support to controversial gas project

2019-01-17 | Paris, France | Les Amis de la Terre
Blog
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Banks must show their teeth to tackle cocoa abuses

BankTrack’s view of the Dutch Banking Sector Agreement’s Cocoa Paper
2018-12-20 | Ryan Brightwell – BankTrack
Blog
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Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen
Blog
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COP24: New research reveals the banks and investors financing the expansion of the global coal plant fleet

Japanese banks top lenders, Chinese banks top underwriters; US companies biggest institutional investors in the coal plant pipeline
2018-12-05 | Katowice, Poland | BankTrack, urgewald
Blog
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Principles must bring commitments

Banks endorsing draft Principles for Responsible Banking called upon to urgently act on what they sign
2018-11-26 | Paris | BankTrack
Blog
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Dutch banks allow consumers to unwittingly invest in controversial palm oil companies

2018-10-20 | Amsterdam | Friends of the Earth Netherlands
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Gunvor joins other commodity players with sustainability-linked loan led by ING

Participating banks in the Gunvor facility include ABN Amro, CA Indosuez, Credit Suisse, DBS Bank, KfW Ipex-Bank, Mizuho, MUFG Bank, Nedbank, Rabobank, Raiffeisen, Société Générale, Sumitomo Mitsui Trust Bank and UniCredit.
2018-10-17 | Global Trade Review
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ING to pay EUR 675 million fine in settlement deal with Dutch authorities

2018-09-04 | Markets Insider
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Dutch Banking Sector Agreement on Human Rights publishes first annual report plus leverage and cocoa papers

2018-08-16 | BankTrack
Blog
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Marubeni - playing on both sides of the energy transition

The Japanese conglomerate could be a leader in renewables, but its coal expansion plans should place it beyond the pale for responsible banks.
2018-08-01 | Lucie Pinson – Les Amis de la Terre
Blog
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ING stops financing new coal power plant in Dominican Republic

2018-08-01 | The Hague | Eerlijke Bankwijzer
Blog
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Dutch-based banks continue to finance deforestation and land-grabbing

2018-07-02 | Friends of the Earth Netherlands
Blog
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Smoke and mirrors - world's top banks on notice to slash support for coal power development

2018-04-05 | Greig Aitken – BankTrack
Blog
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Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
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ING clients switch to Triodos, ASN after CEO's massive pay raise

2018-03-12 | NL times
Blog
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Out of sync with climate reality – the coal mine and coal plant dreams of Poland's two dirty utilities

2018-02-26 | Warsaw | Katarzyna Kubiczek, Ecological Association EKO-UNIA
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ING, Rabobank accused of funding granite companies that use child labour

2017-12-14 | Netherlands | NL Times
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Banks criticised for funding coal deals despite Paris agreement

BankTrack mentioned
2017-12-11 | Financial Times
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Wilmar and ING collaborate on sustainable loan in Asia

First in palm oil industry to peg its sustainability performance to interest rate of an existing facility
2017-11-27 | ShareInvestor
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ING to be investigated under OECD grievance mechanism in climate finance test case

Dutch OECD ‘National Contact Point’ accepts NGOs’ complaint
2017-11-16 | Responsible Investor
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ING Bank on the hook for not reporting climate pollution

2017-11-14 | Greenpeace Netherlands
Blog
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Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

2017-11-02 | Rainforest Action Network
Blog
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Investor alert: Deep sea mining project in last-ditch search for capital

Banks and other investors warned to steer clear
2017-10-25 | Nijmegen and Brisbane | BankTrack, Deep Sea Mining Campaign
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Trump scraps Obama’s climate legacy, but banks unlikely to follow

2017-10-17 | Global Trade Review
Blog
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Operation Car Wash and a coal plant in the Dominican Republic – anti-corruption protestors are not giving up

2017-10-10 | Luca Manes – Re:Common
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Scandalo Lava Jato, Santo Domingo si ribella contro la corruzione. E c'entra anche l'Italia

2017-10-03 | l'Espresso
Blog
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Greenpeace Investor Briefing: Problematic Pipelines

Investor risk from bank financing of tar sands pipelines
2017-09-20 | Greenpeace
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Medina’s only option: terminate Odebrecht power plant contract

2017-08-28 | Dominican Today
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Punta Catalina perdería el financiamiento europeo que le resta para su terminación

2017-08-04 | Proceso
Blog
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Punta Catalina – the coal plant project that keeps on giving … a headache to European banks

2017-07-31 | Greig Aitken – BankTrack
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HSBC triggers investigation into palm oil company over deforestation allegations

NGOs praise the bank’s move as they step up pressure on investors to stand by environmental and social commitments on palm oil
2017-07-17 | The Guardian
Blog
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Dutch bank ING the latest to reject financing of Kinder Morgan pipeline

2017-06-28 | Toronto | Greenpeace
Blog
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28 major banks warned not to finance Trans Mountain pipeline expansion

Over 20 Indigenous and environmental groups deliver urgent letter.
2017-06-09 | BankTrack, Rainforest Action Network, others
Blog
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Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing

- Oil traders Trafigura and Vitol received over $100 billion in loans since 2012
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
2017-05-23 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs file complaint against ING for violation of OECD guidelines

Organisations call on the Dutch bank to take further steps on climate
2017-05-09 | Amsterdam | BankTrack, Greenpeace, Friends of the Earth Netherlands, Oxfam Novib
BankTrack news BankTrack blog Partner news Partner blog

Milieuorganisaties dienen klacht over ING in bij contactpunt OESO

2017-05-08 | NU.nl
BankTrack news BankTrack blog Partner news Partner blog

Complaints filed over ING's continued investment in fossil fuels

2017-05-08 | NL Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Dutch bank ING: Campaigners to call for coal finance cuts at AGM

2017-05-08 | Amsterdam | BankTrack, CAN Europe, Foundation “Development YES - Open-Pit Mines NO”, Pracownia
BankTrack news BankTrack blog Partner news Partner blog

Milieugroepen dienen klacht in over uitstootbeleid ING

BankTrack mentioned
2017-05-08 | Trouw (NL)
BankTrack news BankTrack blog Partner news Partner blog

Milieuorganisaties dienen klacht over ING in bij contactpunt OESO

2017-05-08 | Nu.nl
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks risk breach of sustainability standards over Indonesian coal plant finance

New report from BankTrack and Greenpeace
2017-04-03 | Nijmegen, Netherlands | BankTrack, Greenpeace
Blog
BankTrack news BankTrack blog Partner news Partner blog

Europe’s biggest banks register €25 billion profit in tax havens

2017-03-27 | Fair Finance International, Oxfam
BankTrack news BankTrack blog Partner news Partner blog

ING Bank Just Divested Their DAPL Financing—We All Helped to Change Their Mind

2017-03-24 | Yes! Magazine
Blog
BankTrack news BankTrack blog Partner news Partner blog

ING first bank to sell Dakota Access Pipeline loan debt – BankTrack reaction

Other banks urged to follow, and consider new pipelines off limits for finance
2017-03-22 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Leading banks under fire for misrepresenting human rights responsibilities

Discussion Paper by Thun Group of banks meets series of objections from UN Working Group, John Ruggie and over 30 civil society organisations
2017-02-28 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Multi-billion euro investments out of control: How banks continue to finance violations of human rights and environmental norms

For the fifth consecutive year Facing Finance reports on violations of environmental and social norms and standards by multinational corporations, as documented by international NGOs.
2017-02-09 | Hamburg/Berlin | Facing Finance
BankTrack news BankTrack blog Partner news Partner blog

Power plant 'one year behind schedule'

2017-02-08 | Dominican Today
BankTrack news BankTrack blog Partner news Partner blog

Anti-impunity marches to continue

2017-02-03 | Dominican Today
Blog
BankTrack news BankTrack blog Partner news Partner blog

ABN AMRO threatens to stop financing company behind the controversial Dakota Access Pipeline

2017-02-02 | Amsterdam | BankTrack, Eerlijke Bankwijzer, Greenpeace
BankTrack news BankTrack blog Partner news Partner blog

La Société Générale priée de renoncer à financer la centrale charbon de Punta Catalina

BankTrack mentioned
2017-01-26 | Boursier.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

Dominicans on the march against Punta Catalina kickbacks, and want financiers out of the coal plant project

2017-01-23 | Greig Aitken – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Odebrecht corruption in Dominican Republic – Five European banks urged to pull out of dirty coal plant financing

2017-01-18 | BankTrack, Les Amis de la Terre, National Committee to Combat Climate Change
BankTrack news BankTrack blog Partner news Partner blog

Punta Catalina Commission to subpoena top officials

2017-01-17 | Dominican Today
BankTrack news BankTrack blog Partner news Partner blog

March aims to indict corrupt officials, Odebrecht executives

2017-01-16 | Dominican Today
Blog
BankTrack news BankTrack blog Partner news Partner blog

Five European banks pressured not to tolerate corrupt practices at Dominican coal plant project

2017 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

ING raises the bar for coal finance restrictions, though more pushing still required

2017 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Six banks step away from Dakota Access Pipeline (DAPL) and backers

2017 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Odebrecht must be terminated: civil society group

2016-12-29 | Dominican Today
BankTrack news BankTrack blog Partner news Partner blog

Odebrecht $92 million bribe: Just hours to deadline, utility produces papers

2016-12-27 | Dominican Today
BankTrack news BankTrack blog Partner news Partner blog

A graveyard of unfinished work left in development bank’s wake

2016-12-01 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Dutch banks spend millions on lobbying

The major Dutch banks spend millions on lobby through their own channels, through interest groups like the Association of Dutch Banks (VNB) and lobby organisations in the Netherlands, the EU and worldwide. At the same time, it is often unclear how lobbying is organised exactly and banks are transparent about their activities, concludes SOMO’s latest report A structural problem in the shadows – Lobbying by banks in the Netherlands.
2016-11-22 | Amsterdam | SOMO
Blog
BankTrack news BankTrack blog Partner news Partner blog

COP22: The pressure is growing on banks financing coal expansion in Indonesia

2016-11-18 | Yann Louvel – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Going Dutch: What’s in the new Dutch banking sector agreement on human rights?

2016-11-10 | Ryan Brightwell – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

ING still invests hundreds of millions in polluting coal companies

ING lends EUR 300 million to Eon fossil spin-off Uniper
2016-09-22 | Amsterdam | BankTrack and Fair Bank Guide Netherlands
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report finds banks betting on climate change

Seventh annual bank finance Report Card reveals major banks poured hundreds of billions into extreme fossil fuels
2016-06-14 | Nijmegen, San Francisco | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
Blog
BankTrack news BankTrack blog Partner news Partner blog

European banks warned over raid on pension funds to finance disputed coal plant in Dominican Republic

2016-05-27 | Santo Domingo, Dominican Republic | CNLCC, BankTrack, Les Amis de la Terre France
Blog
BankTrack news BankTrack blog Partner news Partner blog

Revealed: ING and Rabobank continue support for biggest Russian coal producer

2016-04-25 | Amsterdam | Fair Finance Guide Netherlands
BankTrack news BankTrack blog Partner news Partner blog

ING Statement on Climate Change

2016-03-03
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bank financing of staggering Polish coal development plans continues to run deep

2016-02-25 | Kuba Gogolewski – Development YES Open-Pit Mines NO
Blog
BankTrack news BankTrack blog Partner news Partner blog

ING becomes latest bank to stop finance for new coal

Dutch Bank leaps to the front on climate change in run-up to Paris climate conference
2015-11-27 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Investor Alert on DTEK (Ukraine) debt restructuring

Banks urged to avoid carte blanche bailout for crisis-hit power monopoly
2015-10-28 | Kiev, Nijmegen | NECU and BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

ING announces end to financing of major mountaintop removal coal miners

2015-05-11 | Amsterdam | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

UN, banks and oil palm giants feast on the stolen land of Uganda's dispossessed

2015-02-19 | The Ecologist
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays, ING, PNC pull back from Mountaintop Removal

2015 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate breakthrough as string of banks dump coal financing

2015 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks not yet living up to UN human rights principles, finds BankTrack

New research finds inadequate reporting on human rights impacts, and failure to establish mechanisms to allow complaints.
2014-12-02 | Geneva | BANKTRACK
BankTrack news BankTrack blog Partner news Partner blog

Banks and human rights: Assessing strengths and weaknesses of the Thun Group’s approach

2014-08-11 | Righting Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

BNP Paribas, Deutsche Bank and ING invest €1.34 billion in coal

FairFin, Climaxi and BankTrack ask for green investments
2014-06-03 | Brussels | FairFin
Blog
BankTrack news BankTrack blog Partner news Partner blog

Thun Group of Banks agrees to consider remedy for victims of human rights abuse

2014 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Taking Lobbying Public

The Transparency of Dutch Banks’ Lobbying Activities
2013-12-17 | Amsterdam | SOMO
BankTrack news BankTrack blog Partner news Partner blog

Are big banks short-selling their leverage over human rights?

BankTrack mentioned
2013-11-01 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack welcomes Thun Group paper on banks and human rights

Call for access to remedy for victims bank-financed human rights abuses
2013-10-11 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Pension funds and banks invest millions in companies that supply controversial communication systems to Syria

2012-07-17 | The Hague, The netherlands | Oxfam Novib
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: European banks fuelling food price volatility and hunger

2012-01-12 | Brussels | Friends of the Earth Europe
BankTrack news BankTrack blog Partner news Partner blog

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
BankTrack news BankTrack blog Partner news Partner blog

Time to Improve the Equator Principles, BankTrack Says

BankTrack mentioned
2011-10-24 | Washington | Social Funds
BankTrack news BankTrack blog Partner news Partner blog

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financiers search for sustainable future

BankTrack mentioned
2011-10-20 | Washington | Environmental Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Nam Theun 2 inauguration hides real costs of controversial Equator Principles project

More than 100,000 people continue to suffer project impacts
2010-12-07 | Laos | International Rivers
BankTrack news BankTrack blog Partner news Partner blog

World Bank-backed dam powers ahead, despite social cost

2010-12-07 | Bangkok | Inter Press Service
Blog
BankTrack news BankTrack blog Partner news Partner blog

European banks provide fuel for the conflict in Sudan

The limited scope of Sustainable Asset Management
2010-09-20 | Amsterdam | Somo
Blog
BankTrack news BankTrack blog Partner news Partner blog

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bankruptcy threatens banks operating in Belgium

Netwerk Vlaanderen calls to halt investments in coal plants
2010-06-02 | Brussels/ Ghent | Netwerk Vlaanderen
Blog
BankTrack news BankTrack blog Partner news Partner blog

Investeringen banken: meer fossiel dan duurzaam

2010-05-19 | Amsterdam | Milieudefensie et al.
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Laos’ Nam Theun 2 dam operation illegal

Equator Principles project begins selling power to Thailand in violation of Concession Agreement and obligations to affected communities
2010-03-23 | Laos | International Rivers
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Dutch banks call for clear agreements on sustainable energy

2009-11-26 | Amsterdam | Eerlijke Bankwijzer
Blog
BankTrack news BankTrack blog Partner news Partner blog

Top financial institutions still invest US$20 billion in cluster bombs

Activists call on banks and pension funds to disinvest from banned weapon
2009-10-29 | London | Netwerk Vlaanderen
BankTrack news BankTrack blog Partner news Partner blog

BankTrack members unveil bank secrets

Six European organizations launch a revealing website: www.banksecrets.eu
2009-06-25 | Brussels | CRBM
Blog
BankTrack news BankTrack blog Partner news Partner blog

New website guides Dutch consumers in choosing sustainable bank

2009-01-22 | Utrecht | Milieudefensie
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financial institutions vote more in favour of climate

2008-11-05 | Amsterdam | Milieudefensie
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks shun harmful investments

New report shows examples of pioneering banks
2008-06-11 | Brussels | Netwerk Vlaanderen
Blog
BankTrack news BankTrack blog Partner news Partner blog

ING Withdraws from Slovak Nuclear Project

Mochovce 3 and 4 too risky
2008-01-29 | Amsterdam / Brussels | Urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

Milieudefensie publishes Climate Performance Index 2007 of Dutch Banks

ABN Amro climate laggard, Triodos and ASN climate leaders
2007-06-09 | Amsterdam | Milieudefensie
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks continue to invest in cluster munitions

2006-09-18 | Brussels, Belgium | Netwerk Vlaanderen
Blog
BankTrack news BankTrack blog Partner news Partner blog

No party time for Burmese democrats

Action at Belgian banks against investments in Burma
2006-06-19 | Brussels, Belgium | Netwerk Vlaanderen
Blog
BankTrack news BankTrack blog Partner news Partner blog

Shareholders protest against ING investments in human rights abuses

Critical questions during the ING Annual General Meeting
2006-04-25 | Amsterdam, The Netherlands | Netwerk Vlaanderen
Blog
BankTrack news BankTrack blog Partner news Partner blog

ING bank dumps divisive 1.7 billion paper mill project

2006-04-13 | Amsterdam, Netherlands | CEDHA
Blog
BankTrack news BankTrack blog Partner news Partner blog

Belgian campaign puts banks under pressure to stop investing in Burma

Municipalities for Burma
2006-03-16 | Belgium | Netwerk Vlaanderen
Blog
BankTrack news BankTrack blog Partner news Partner blog

ING and AXA invest in the modernisation of white phosphorus weapons

The preparation of a new Fallujah?
2006-03-13 | Brussels, Belgium | Netwerk Vlaanderen
Blog
BankTrack news BankTrack blog Partner news Partner blog

Belgian bank groups invest in companies that abuse human rights

Press Release Netwerk Vlaanderen
2006-01-11 | Brussels, Belgium | Netwerk Vlaanderen
Blog
BankTrack news BankTrack blog Partner news Partner blog

ING withdraws finance for Botnia paper mill in Uruguay

2006 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Complaint filed with ING and BBVA On Pulp Paper Projects in Uruguay

Banks asked to assess Equator Principles compliance
2005-12-16 | London | CEDHA
Blog
BankTrack news BankTrack blog Partner news Partner blog

ING partly disinvest from controversial weapons

2005-03-29 | Brussels | Netwerk Vlaanderen
Resources
Documents
Images
Videos
Links

Stance on plastic

date listed represents date as accessed on website
Bank policy
2024-10-08 00:00:00 | ING

NZBA 2024 Progress Report

Other document
2024-10-01 00:00:00 | NZBA

Global Green Funding Framework 2024

Bank policy
2024-09-23 00:00:00 | ING

Climate Progress Update 2024

Bank policy
2024-09-19 00:00:00 | ING

Response Tracking – Letter to 20 banks on ArcelorMittal, sent June 10th 2024

NGO document
2024-07-17 00:00:00 | BankTrack

Open letter to EU & Japanese banks to end finance for LNG in the Gulf South, US

NGO document
2024-06-28 00:00:00 | BankTrack

His Profits, Our Loss

How Daniel Křetínský’s EPH Keeps Profiting from Poverty and Climate Collapse
NGO document
2024-06-19 00:00:00 | Platforma Re-Set

Letter from BankTrack to ING on Risks of ING's relationship with ArcelorMittal

Correspondence
2024-06-10 00:00:00 | BankTrack

UNSUPERVISED - The carbon pollution of the world’s largest banks

NGO document
2024-05-21 00:00:00 | ReCommon

Banking on climate chaos 2024

Fossil fuel finance report 2024
BankTrack publication
2024-05-13 00:00:00 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club

Bankrolling Ecosystem Destruction

EU banks have poured €256 billion into sectors that threaten nature and climate 
Partner publication
2024-03-26 00:00:00 | Greenpeace International, Milieudefensie, Harvest

How the Netherlands finances agrilobby in Brazil

A case study for the Fair Bank Guide Netherlands
NGO document
2024-03-21 00:00:00 | Fair Bank Guide Netherlands

Open letter signed by 81 CSOs to financiers Ithaca Energy about Rosebank oil and gas field

NGO document
2024-03-19 00:00:00 | BankTrack, Stop Rosebank

Still Butchering the Planet

Partner publication
2024-03-18 00:00:00 | Feedback

Annual Report 2023

Annual report
2024-03-06 00:00:00 | ING

The Cerrado crisis: Brazil’s deforestation frontline

Partner publication
2024-02-21 00:00:00 | Global Witness

Sustainable Steel Principles 2023 Annual Report

Other document
2024-02-01 00:00:00 | Sustainable Steel Principles

Letter from BankTrack, Both ENDS and 12 other CSOs to Vale's investors on Brumadinho disaster 5th anniversary

Correspondence
2024-01-22 00:00:00 | BankTrack, Both ENDS and 12 other CSOs

ING takes next steps on energy financing after COP28

Other bank document
2023-12-20 00:00:00 | ING

Phase-out of upstream oil & gas financing by 2040

Bank policy
2023-12-20 00:00:00 | ING

Letter from BankTrack to ING on Ending support for metallurgical coal

Correspondence
2023-12-07 00:00:00 | BankTrack

Belgisch geld voor nieuwe fossiel infrastructuur

[Belgian money for new fossil infrastructure]
NGO document
2023-11-21 00:00:00 | FairFin Belgium

Letter from BankTrack, ACA, CTEA to ING on the risks of investing in Rio Tinto and Winning International Group’s Simandou Project in Guinea

Correspondence
2023-11-21 00:00:00 | BankTrack, ACA, CTEA

ING Climate Report 2023

Other bank document
2023-10-05 00:00:00 | ING

Hydrogen sparks change for the future of green steel production

Other bank document
2023-07-19 00:00:00 | ING

Will San Miguel Power a World Made Better?

Partner publication
2023-06-12 00:00:00 | CEED

Why banks should account for their full share of facilitated emissions

Banks are making progress on setting net-zero targets but most focus on lending and only a handful include capital markets facilitation – funding activities where banks do not provide capital themselves but play a critical role in facilitating access to it. Capital markets are a vital source of funding and will be key in delivering the low-carbon transition. In 2021 alone, global bond and equity issuances stood at US$26.8 trillion. This memo outlines why the industry-organised Partnership for Carbon Accounting Financials should include a 100% weighting for capital market facilitation.
NGO document
2023-05-23 00:00:00 | ShareAction

Letter from BankTrack to ING on financial ties to Nordgold's Lefa gold mine in Guinea

Correspondence
2023-05-04 00:00:00 | BankTrack

Press release: European banks among biggest drivers of fossil fuel expansion

2023 Banking on Climate Chaos - Europe press release
NGO document
2023-04-13 00:00:00 | BankTrack, Les Amis de la Terre France, Reclaim Finance, ReCommon, Urgewald

Banking on Climate Chaos 2023

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
BankTrack publication
2023-04-13 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, Urgewald

ING takes next step in aligning oil & gas portfolio with climate goals

Bank policy
2023-03-14 00:00:00 | ING

Annual report 2022

Annual report
2023-03-10 00:00:00 | ING

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

BankTrack publication
2023-01-27 00:00:00 | Profundo for Sierra Club, Fair Finance International, BankTrack, Rainforest Action Network

In debt to the planet

Europe’s largest banks are not doing enough to address the twin crises of climate change and biodiversity loss.
NGO document
2022-12-12 00:00:00 | ShareAction

BankTrack Global Human Rights Benchmark 2022

BankTrack publication
2022-11-17 00:00:00 | BankTrack

Dutch financial sector financed emissions

Financed emissions from corporate finance and investment portfolios
NGO document
2022-10-21 00:00:00 | Milieudefensie & Profundo

Burning forests in the name of clean energy? How banks are failing to exclude the harmful wood biomass industry from finance

BankTrack publication
2022-10-21 00:00:00 | BankTrack

2022 Climate report

Annual report
2022-09-15 00:00:00 | ING

Evaluating corporate target setting in the Netherlands

An assessment of the climate action plans of 29 Dutch companies and financial institutions
NGO document
2022-07-05 00:00:00 | Milieudefensie

ING’s dialogue with Friends of the Earth

Other bank document
2022-04-15 00:00:00 | ING

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
BankTrack publication
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald

Annual report 2021

Annual report
2022-03-29 00:00:00 | ING

ING steps up renewable energy efforts and restricts financing of new oil & gas fields

Other bank document
2022-03-23 00:00:00 | ING

Energy policy

Bank policy
2022-03-23 00:00:00 | ING

Oil & gas industry policy

Bank policy
2022-03-23 00:00:00 | ING

Dutch financing of forest-risk sectors

An analysis of financial links with key sectors driving forest loss
NGO document
2021-12-16 00:00:00 | Milieudefensie & Profundo

Actions speak louder: Assessing bank responses to human rights violations

BankTrack publication
2021-12-14 00:00:00 | BankTrack

Fossil fuel vs renewable financing by financial institutions active in the Netherlands

A case study for Fair Finance Netherlands
NGO document
2021-10-26 00:00:00 | Fair Finance Netherlands

Climate change commitments of financial institutions active in the Netherlands

NGO document
2021-09-30 00:00:00 | Fair Finance Guide Netherlands

ING climate report

ING's integrated approach to climate action
Other bank document
2021-09-16 00:00:00 | ING

Stance on Biodiversity

Bank policy
2021-08-20 00:00:00 | ING

Biodiversity policy

Date listed represents date as accessed on website
Bank policy
2021-08-19 00:00:00 | ING

Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress

NGO document
2021-08-19 00:00:00 | BankTrack

ING to steer to net-zero climate

ING has joined the Net-Zero Banking Alliance in support of achieving a world with net-zero greenhouse gas emissions by 2050.
Other bank document
2021-08-03 00:00:00 | ING

Banking on Amazon destruction

NGO document
2021-07-08 00:00:00 | Amazon Watch & Stand.earth

Environmental and social risk framework

Bank policy
2021-06-30 00:00:00 | ING

Guidance on Biodiversity Target Setting for PRB signatories

Other document
2021-06-24 00:00:00 | UNEPFI

Forests & Finance 2021 Briefing - Is Your Money Destroying Rainforests or Violating Rights?

NGO document
2021-06-23 00:00:00 | Forests and Finance

Fossil assets: the new subprimes?

How funding the climate crisis can lead to a financial crisis
NGO document
2021-06-10 00:00:00 | Institut Rousseau, Reclaim Finance, Les Amis de la Terre

Eieren voor ons geld

Role of Belgian banks in the cocoa sector (report in Dutch)
NGO document
2021-04-03 00:00:00 | FairFin Belgium

Are banks partly responsible for child labour and deforestation in chocolate production?

(summary FairFin report on the role of Belgian banks in the cocoa sector: Eieren voor ons geld)
NGO document
2021-04-03 00:00:00 | FairFin Belgium

Annual report 2020

Annual report
2021-03-16 00:00:00 | ING

Big meat. Big bucks. Bigger harm.

Animal welfare and European financial links with deforestation in the Amazon and Cerrado
NGO document
2021-03-05 00:00:00 | World Animal Protection and Profundo

Financial Economic Crime Policy

Date listed represents date as accessed on website
Bank policy
2021-02-15 00:00:00 | ING

Stance on climate

Date listed represents date as accessed on website
Bank policy
2021-02-15 00:00:00 | ING

BankWijzer XL 2020

Analysis of Belgian banking sector [report in Dutch]
NGO document
2021-01-13 00:00:00 | FairFin Belgium

Human Rights Update 2020

Other bank document
2020-12-10 00:00:00 | ING

Collective Commitment to Climate Action - Year One in Review

Other document
2020-12-08 00:00:00 | UNEP FI Principles for Responsible Banking

"Trust Us, We're Equator Banks": Part II

BankTrack publication
2020-11-24 00:00:00 | BankTrack

Terra Progress Report 2020

Other bank document
2020-11-16 00:00:00 | ING

High Risk, Low Reward

An overview of European banks' position on oil sands
NGO document
2020-10-31 00:00:00 | ShareAction

Financial Economic Crime Statement

Other bank document
2020-10-31 00:00:00 | ING

Terra progress report 2020

Date listed represents date as accessed on website
Other bank document
2020-10-30 00:00:00 | ING

Beoordeling van het krediet-en beleggingsbeleid van acht Nederlandse bankgroepen

NGO document
2020-10-27 00:00:00 | EerlijkeBankwijzer/Fair Finance International

A Call to Action on the Principles for Responsible Banking: End Climate-Destructive Financing Now

Joint civil society statement
BankTrack publication
2020-10-20 00:00:00 | BankTrack, Rainforest Action Network, and others

Funding destruction of the Amazon and Cerrado

NGO document
2020-09-28 00:00:00 | Eerlijke Geldwijzer

ING's Approach to the Modern Slavery Act

Bank policy
2020-04-22 00:00:00 | ING

Banking on Climate Change - Fossil Fuel Finance Report 2020

BankTrack publication
2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club

Annual report 2019

Annual report
2020-03-03 00:00:00 | ING

Rethinking the road to the circular economy

Other bank document
2020-01-31 00:00:00 | ING

Post-issuance Green Bond Impact Report 2019

Other bank document
2019-12-31 00:00:00 | ING

Stance on human rights

Date listed represents date as accessed on website
Bank policy
2019-12-19 00:00:00 | ING

Stance on deforestation

Date listed represents date as accessed on website
Bank policy
2019-12-19 00:00:00 | ING

Stance on extractives industry

Date listed represents date as accessed on website
Bank policy
2019-12-19 00:00:00 | ING

Stance on palm oil

Date listed represents date as accessed on website
Bank policy
2019-12-19 00:00:00 | ING

Stance on animal welfare

Date listed represents date as accessed on website
Bank policy
2019-12-19 00:00:00 | ING

Zero tolerance approach to bribery and corruption

Date listed represents date as accessed on website
Bank policy
2019-12-19 00:00:00 | ING

Know Your Customer and Anti Money Laundering measures

Date listed represents date as accessed on website
Bank policy
2019-12-19 00:00:00 | ING

Letter from BankTrack to ING on the bank's progress on its fossil fuel finance since COP24

Correspondence
2019-12-10 00:00:00 | BankTrack

Collective Commitment to Climate Action

Other document
2019-09-19 00:00:00 | UNEP FI Principles for Responsible Banking

Letter from ING to BankTrack on PRB implementation

Correspondence
2019-09-11 00:00:00 | ING

Human Rights Report 2018

Annual report
2019-07-24 00:00:00 | ING

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
NGO document
2019-05-21 00:00:00 | Europe Beyond Coal

Annual General Meeting Shareholder Briefing ING

BankTrack publication
2019-04-17 00:00:00 | BankTrack

Annual report 2018

Annual report
2019-03-11 00:00:00 | ING

Letter from Civil Society Groups to Companies linked to Vale on Breakdown of Brumadinho tailings dam

Correspondence
2019-02-21 00:00:00 | Civil Society Groups

Research note on Dutch banks and corruption

NGO document
2019-02-21 00:00:00 | Fair Bank Guide - NL

The Katowice Commitment

Other bank document
2018-12-04 00:00:00 | ING, BBVA, BNP Paribas, Société Générale, Standard Chartered

Still Undermining our Future?

Fair Finance Guide Netherlands
NGO document
2018-11-27 00:00:00 | Amnesty International, FNV, Milieudefensie, Oxfam Novib, PAX, Profundo and World Animal Protection

Letter from BankTrack and 120 organisations to ING on Demands FBNT campaign

Correspondence
2018-10-16 00:00:00 | BankTrack and 120 organisations

Assessing the response of Dutch banks to severe human rights abuses in the extractive industry

NGO document
2018-10-09 00:00:00 | Fair Finance Guide NL

ING Loan Portfolio 2017

Detailed breakdown of ING's lending by NACE classification code, as at 31 December 2017
Other bank document
2018-08-09 00:00:00 | ING

Letter from FoE Japan and 170 NGOs to Japanese government, JBIC, JICA, NEXI on Japanese government must stop financing Cirebon and Indramayu coal power plants

Correspondence
2018-05-18 00:00:00 | FoE Japan and 170 NGOs

ING Viewpoint Sustainable Finance

Bank policy
2018-03-31 00:00:00 | ING

Standpunt van de ING over de financiering van kernwapens

Bank policy
2018-03-29 00:00:00 | ING

Annual report 2017

Annual report
2018-03-08 00:00:00 | ING

Environmental Approach 2017

Bank policy
2017-12-31 00:00:00 | ING

Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO

Correspondence
2017-06-06 00:00:00 | Rainforest Action Network et al

ING Coal Bank Briefing 2017

BankTrack publication
2017-05-08 00:00:00 | BankTrack

The Cirebon 2 coal power plant and the Equator Principles

BankTrack publication
2017-04-03 00:00:00 | BankTrack and Greenpeace

Annual report 2016

Annual report
2017-03-31 00:00:00 | ING

Letter from BankTrack to Thun Group on concerns regarding Thun Group discussion paper on human rights

Correspondence
2017-03-14 00:00:00 | BankTrack

Comments on Thun Group of Banks Discussion Paper

on the Implications of UN Guiding Principles 13 & 17 In a Corporate and Investment Banking Context
Other document
2017-02-21 00:00:00 | Prof. John G. Ruggie

Letter from BankTrack and others to Thun Group of Banks on Significant Concerns Regarding Thun Group Discussion Paper

Correspondence
2017-02-14 00:00:00 | BankTrack and others

Dirty Bankers

How HSBC is financing forest destruction for palm oil
NGO document
2017-01-17 00:00:00 | Greenpeace

Letter from 500 organisations to ING on financing DAPL

Correspondence
2016-11-30 00:00:00 | 500 organisations

Letter from BankTrack et al. to ING on EPH financing

Correspondence
2016-07-05 00:00:00 | BankTrack et al.

Shorting the Climate

Fossil Fuel Finance Report Card 2016
BankTrack publication
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club, Oil Change International

Poland – Banks funding the dirtiest form of coal

BankTrack publication
2016-06-13 00:00:00 | BankTrack

Annual report 2015

Annual report
2016-03-31 00:00:00 | ING

EU Investors, Land Grabs and Deforestation: Case-Studies

Briefing note
NGO document
2015-06-15 00:00:00 | Fern

Annual Report 2014

Annual report
2015-03-19 00:00:00 | ING

Sustainability Report 2014

Annual report
2015-03-19 00:00:00 | ING

Supplier terms of engagement

Bank policy
2014-11-27 00:00:00 | ING

Dirty Profits III

Reporting on Companies and Financial Institutions Benefiting from Violations of Human Rights 
NGO document
2014-10-01 00:00:00 | Facing Finance

Coal Finance Report Card 2014

Extreme Investments; Extreme Consequences
BankTrack publication
2014-04-17 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack

2013 Annual Report 2013

Annual report
2014-01-01 00:00:00

2013 Sustainability Report ING

Annual report
2014-01-01 00:00:00

ING Group Sustainability Report 2012

ING in society
Annual report
2013-03-22 00:00:00 | ING

ING Group annual report 2012

Taking charge of change
Annual report
2013-03-21 00:00:00 | ING

Dirty Profits

Report on Companies and Financial Institutions Benefiting from Violations of Human Rights
NGO document
2012-12-19 00:00:00 | Facing Finance

Worldwide investments in Cluster munitions, a shared responsibility

NGO document
2012-06-20 00:00:00 | IKV Pax Christi & FairFin

ING Group N.V.

Selected CSR issues in 2011
NGO document
2012-05-19 00:00:00 | Somo

2011 Global Investor Statement on Climate Change

Other document
2011-10-19 00:00:00 | IIGCC, INCR, IGCC, UNEP-FI, PRI

ING-Selected CSR issues in 2010

NGO document
2011-05-10 00:00:00 | SOMO

Bankers Oath Netherlands

Other document
2011-02-01 00:00:00

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

Correspondence
2010-12-18 00:00:00 | Banktrack

Alleen duurzame visserij nog kansrijk

Other bank document
2010-12-01 00:00:00 | ING

Commissie Code Banken

Other document
2010-09-09 00:00:00 | Nederlandse Vereniging van Banken

Bankers on Tenterhooks

Climate change: co-funded by banks operating in Belgium
NGO document
2010-06-02 00:00:00 | Netwerk Vlaanderen

Close the Gap

Benchmarking investment policies of international banks
BankTrack publication
2010-04-27 00:00:00 | BankTrack

Summary Table 'Hall of Fame and runners-up'

NGO document
2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi

Aandelen in klimaatverandering / Shares in climate change (in Dutch, with English summary)

NGO document
2008-11-05 00:00:00 | Milieudefensie

Creating and selling carbon credits

Other bank document
2008-05-01 00:00:00 | ING

Profiles of European Banks

NGO document
2008-01-11 00:00:00 | Ceres

Investing in climate change: Dutch banks compared

NGO document
2007-06-09 00:00:00 | Friends of the Earth Netherlands - Milieudefensie

ING to become climate neutral

Other bank document
2007-01-29 00:00:00 | ING

Investing in Climate Change: the role of Dutch banks

NGO document
2006-06-07 00:00:00 | Milieudefensie

Compliance policy

Other bank document
2005-07-01 00:00:00 | ING

Banks Disarm(ed)

NGO document
2005-05-01 00:00:00 | Netwerk vlaanderen

LNG threats to Verde Island Passage

2023-11-15
Map showing threats of oil and gas infrastructure to Verde Island Passage
This map shows the threats of oil and gas expansion to the area's coral reefs and natural assets.

The dark side of US LNG

The Dark Side of US LNG is the result of a field mission to the United States to uncover the strong and growing ties between Italy, and in particular Italy's largest banking group, Intesa Sanpaolo, and the American liquefied natural gas (LNG) sector. Interviews by ReCommon. Filming, editing and music: Carlo Dojmi di Delupis. www.recommon.org

2023-06-30 09:42:20
Accountability
Grievances
Response tracking

Individuals and communities who may be adversely affected by ING's finance can raise a complaint to the bank via email at chief.compliance.officer@ing.com or via post - see the bank’s complaints page.

Stakeholders may also raise complaints via the OECD National Contact Points (see OECD Watch guidance).

ING is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

This page evaluates ING's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
Banks and Dirty Diesel: Vitol and Trafigura (May 2017)
1.5
1
0.5
0
Dodgy Deal profile
Response
1
Out of 1
Rationale for score
The bank publicly responded acknowledging its link to the company and commenting on the issues raised. The bank stated that the " content and outcome of the Dirty Diesel report has been part of our regular dialogue with Trafigura and Vitol".
Action
0.5
Out of 1
Rationale for score
The bank detailed its engagement with the company, but provided no detail on any specific action sought from the company.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, May 2017
Deforestation in the Amazon (July 2019)
0.5
0.5
0
0
Dodgy Deal profile
Response
0.5
Out of 1
Rationale for score

The bank publicly responded but did not confirm its link to the company, citing client confidentiality.

Following the bank's response: The bank stated that ""while we do not finance products directly facilitating deforestation in the Amazon, commodity traders such as the client's listed within the aforementioned report face supply chain risks"", therefore acknowledging its link to the impact. The bank did not comment on or respond to the substance of the issues raised, resulting in the bank's score being amended to 0.5.

Action
0
Out of 1
Rationale for score
The bank stated that it "can set out an engagement plan with our clients" however it is "not able to disclose the nature of these dialogues due to client confidentiality". Therefore, the bank has not detailed whether it required the client to take specific actions nor detailed any appropriate action taken by bank itself.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
Business and Human Rights Resource Centre, 2019
Don't Buy into Occupation report (November 2022)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank only provided a confidential response and engagaged with some of the members of the DBIO Coalition on the impacts raised in a confidential meeting. This is not eligible for a score.
Action
0
Out of 1
Rationale for score
No public information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No public information to indicate the bank is monitoring the actions of its clients, or actions it might itself have taken in response to the impacts raised.
More info
"Don't Buy Into Occupation" report, November 2022
Santos' Barossa gas project, Australia (July 2023)
1
0.5
0.5
0
Dodgy Deal profile
Response
0.5
Out of 1
Rationale for score
The bank responded confirming a link to the company (confirming it provided a loan to the company in question together with a syndicate of banks), but it did not acknowledge the human rights impacts raised.
Action
0.5
Out of 1
Rationale for score
The bank stated that it has engaged with its client on the impacts raised. However, it did not set out how it has exercised its leverage or taken any further steps to address the impacts.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
Equity Generation Lawyers, Bank Responses to Human Rights Grievances report, July 2023
ArcelorMittal steel impacts (June 2024)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank publically responded, but did not acknowledge a link to the company or impacts citing that "due to bank secrecy obligations, we cannot disclose details of our relationship with our clients."
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
See the summary of bank responses here. See this bank's response here.
Average
100%
0.6
0.4
0.2
0
Banks and Climate

Banks and Climate

The 2024 Banking on Climate Chaos report showed that ING provided US$ 106.442 Billion in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, ING provided US$ 3.433 Billion for oil, gas and coal companies expanding fossil fuels. Find further details on ING fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.

Fossil fuel finance data ING

Banking on Climate Chaos finance data panel

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of ING’s fossil fuel policy below.

Assessment of ING's policy in the Coal Policy Tool

Assessment of ING's policy in the Oil and Gas Policy Tracker
Banks and Human Rights

Banks and Human Rights

BankTrack assessed ING in its 2022 Global Human Rights Benchmark, where it achieved 7.5 points out of 14 and was ranked as a front runner. In addition, ING scored 1 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the "Accountability" section of this profile.

The BankTrack Human Rights Benchmark

The table below shows BankTrack's assessment of how ING has implemented the UN Guiding Principles on Business and Human Rights. Please click on 'details' and 'explanation' for further information on the methodology.

Our policy assessments are always a work in progress. We very much welcome any feedback, especially from banks included in the assessments. Please get in touch at humanrights@banktrack.org.

Global Human Rights Benchmark 2022

BankLast update
Country
Score
Ranking
Details
ING
NLD
7.5
Front runner 7.5
Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.
Banks and Nature

Banks and Nature

ING’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 6.3 out of 10 and ranking it as a front runner. ING achieved a score of 4.7 out of 10 specifically for its policies related to the beef sector and 7.6 out of 10 for its policies related to the palm oil sector.

Between 2016 and 2022, ING provided USD 1,689 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 1 million as of 2022.

BankTrack has also assessed ING’s policies related to the wood biomass sector and found that while it does mention biomass in its policy, it refers to it as a source of renewable energy and does not exclude it from finance. For more information, see the links below. 

Forests & Finance

Banks and beef

Banks and palm oil

Banks and biomass

 

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
ING
2022-09-27
NLD
6.3
Front runner 6.3
Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
ING
2022-09-29
NLD
4.7
Front runner 4.7
Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
ING
2022-09-29
NLD
7.6
Leader 7.6
Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Tracking the NZBA

Tracking the Net Zero Banking Alliance

ING is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

Tracking NZBA banks commitments
Banks and Russia

Banks and Russian Aggression in Ukraine

BankTrack is keeping track of the public response of ING to Russia's illegal invasion of Ukraine. ING publicly condemned the war. ING is considered by Leave-Russia.org to be "buying time" in Russia. We categorise its exposure to Russia as moderate, with over $4.9 bn of financial assets. ING supports the Russian fossil fuel industry through loans, and underwriting. For further details, see the table linked below.

Bank responses to Russia's invasion of Ukraine
Banks and Steel

Banks and Steel

As part of the Net Zero Banking Alliance (NZBA), ING is required to set interim targets for 2030 for high emission priority sectors. For ING, this includes its lending to the steel sector. You can see ING’s iron and steel decarbonisation targets, and its progress towards meeting them in our NZBA steel targets compliance tracker. 

ING’s ESG Risk Framework applies to its financing of clients in the metals and mining sector. The policy recognizes that the sector is associated with heightened environmental and social risks, including air and soil pollution, labour risks and risks to community health and safety. The policy does not limit the financing of coal-based steel production.

ING is also a founding member of the Sustainable Steel Principles. This means it has committed to measuring and disclosing its steel-related financed emissions on an annual basis, and reporting its alignment with the International Energy Agency’s Net Zero by 2050 pathway for the steel industry. 

NZBA Iron & Steel Targets

Partner organisation Reclaim Finance’s 2023 report on metallurgical coal financing showed that ING provided US$ 4.1 billion in loans and underwriting to developers of new metallurgical coal between 2016 and 2022. Find further details on ING’s metallurgical coal financing and and how it compares to other large banks globally in the report.

Reclaim Finance tracks the metallurgical coal policies of financial institutions, including banks, in their Coal Policy Tool. BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of ING’s metallurgical coal policy below.

According to a report by reclaim finance, between 2016 and June 2023, ING Group provided $6.6 billion in finance to the fossil-steel indutry, making it the 16th largest financier worldwide. Find further details on ING's steel financing and how it comparesto other large banks globally in the report. 

Metallurgical Coal Financing: Time to call it off

Coal policy tool

Steeling our future: The banks propping up coal-based steel