Ing
ING Group, commonly known as ING, is a leading global financial institution headquartered in the Netherlands (NL). Founded in 1991, the company has established a strong presence in Europe, North America, and Asia, providing a wide range of banking services. ING operates primarily in the retail and wholesale banking sectors, offering innovative solutions such as digital banking, investment services, and insurance products. With a commitment to customer-centricity, ING has distinguished itself through its user-friendly digital platforms and sustainable finance initiatives. The bank has achieved notable milestones, including its recognition as a top player in the European banking market. ING's focus on technology and sustainability positions it as a forward-thinking leader in the financial services industry, catering to the evolving needs of its diverse clientele.
DitchCarbon Score
How does Ing's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ing's score of 49 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ing's reported carbon emissions
In 2023, ING reported total carbon emissions of approximately 22,000,000 kg CO2e, comprising 6,000,000 kg CO2e from Scope 1, 8,000,000 kg CO2e from Scope 2, and 14,000,000 kg CO2e from Scope 3 emissions. This reflects a significant reduction from previous years, where in 2022, emissions were about 27,000,000 kg CO2e, and in 2021, they reached approximately 30,000,000 kg CO2e. ING has set ambitious climate commitments, achieving a 20% reduction in Scope 1 and Scope 2 emissions by 2020, based on 2014 levels. Additionally, they aim to reduce their exposure to coal to near zero by 2025, demonstrating a commitment to long-term sustainability. Their near-term targets are aligned with the Science Based Targets initiative (SBTi), covering 63% of their total investment and lending by financed emissions as of 2021. The emissions data is sourced directly from ING Groep N.V., with no cascaded data from parent organizations. As a financial institution headquartered in the Netherlands, ING continues to focus on reducing its carbon footprint while supporting sustainable practices across its operations.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 29,400,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 59,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 49,500,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ing is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
