As a bank, one of the main ways ING Group can impact climate action is through our financing. We aim to steer the most carbon-intensive parts of our portfolio towards reaching net zero by 2050. We combine a portfolio-level approach (called Terra) to the carbon-intensive sectors we’re active in with data-driven client engagement that strives to support companies in accelerating their own net-zero transitions.
With Terra, we measure the emissions associated with clients active in the most carbon-intensive parts of the sector value chains, and use this information to benchmark our clients’ activities against the relevant science-based decarbonisation scenarios. Additionally, by measuring the absolute financed emissions of our portfolio, we perform hotspot analyses to monitor our loan book, identify risks and opportunities, and define next steps for expansion of Terra's scope.
In order to create impact we focus on the most carbon-intensive sectors we finance. The methodologies we use concentrate on the part of the value chain which accounts for the bulk of the impact on the climate system, and on which decarbonisation efforts must be concentrated to spur the entire sector to fall into alignment. The specific boundaries of the activities that we cover per sector are defined by the methodologies adopted and the available scientific scenarios. Focusing on these specific sectors and the specific parts of their respective value chains means that we concentrate our efforts on supporting our most carbon-intensive clients in their transitions.
As ING Group, our Climate Progress Update details our progress and targets on climate alignment in the Terra sectors in our loan book. Click here to access the ING Group's Climate Progress Update 2025.
ING’s Terra approach makes use of various methodologies. We co-created Terra in 2018 with the 2˚ Investing Initiative (2DII), a global think tank developing climate metrics in financial markets. At that point in time, the main methodology used to set targets was the Paris Agreement Capital Transition Assessment (PACTA) for Banks. It looks at the technology shift that’s needed across certain sectors to slow global warming and then measures this against the actual technology clients are using – or plan on using in the future.
At ING Türkiye, we continue to bring our global experience to our country, expand our product range, and work towards a sustainable world. We are advancing within the framework of our global ESG policy, working to reduce our own footprint, and contributing to this process in Türkiye with our international experience through our international memberships and affiliated indices.
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.
