The urgency of climate change is only growing and ING wants to play a leading role in accelerating the global transition to a low-carbon economy.
At ING, our ambition is to help accelerate the transition – because it matters to us as a bank, to our clients and customers, and to society. Our role in the global transition is focused on the three areas where we believe we can make the greatest impact, based on what needs to happen in the world:
What needs to happen in the global transition?
1. Driving down emissions: Supporting businesses in their transition to net zero
To drive down emissions and align with global climate goals, we believe that the most significant contribution we can make is through engaging with our clients to help them accelerate their transition.
For clients in the most carbon-intensive sectors, we realise their ability to shift can make the greatest difference. In 2018, ING Group started what we call our Terra approach to set pathways for key sectors to reach net-zero emissions by 2050.
The intermediate 2030 science-based targets that were set under Terra have been validated by the Science Based Targets Initiative (SBTi), according to SBTi’s updated framework for banks (known as FINT Criteria V2), which came into effect end-November 2024.
See full details of ING's SBTi-validated targets.
We’re also continually strengthening how we engage with our clients as they move to implementation of their climate transition planning.
As society transitions to a low-carbon economy, so do our clients and so does ING. We finance a lot of sustainable activities, but we finance more that isn't sustainable.
See how we're progressing on climate.
2. Building up a sustainable future: Financing technologies and solutions for a low-carbon world
To make the energy transition a reality, there’ll need to be trillions of euros of investment. Banks have a role to play here too, in financing the new low-carbon technology to meet net-zero goals – like renewable power, green hydrogen, energy efficiency, and energy storage.
Whether our clients are developing breakthrough technologies, new approaches to energy, waste and water management, or constructing green buildings and infrastructure, right across the bank we’re working to enable them to pursue their sustainability ambitions. We are using innovative financing solutions. ING Group pioneered the world’s first sustainability linked loan back in 2017 and we have leading-edge efforts today in working to make the supply chains in and across industries more sustainable.
3. Including everyone in the transition: finding new ways to enable people to stay a step ahead on climate
At ING, we believe that most people want to play a positive part in the transition to a more sustainable future. We aim to keep finding new ways to enable people to stay a step ahead on climate.
Click here to access the ING Group's Climate Progress Update 2025.
