We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Gary Prince is on the board of AFME
Gary Prince (Global Head of FX & Rates Trading and, Head of Financial Markets EMEA)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Obbe Kok is on the board of AFME
Obbe Kok (Head of Financial Markets EMEA and Global Head Balance Sheet Management, ING)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Gary Prince is on the board of AFME
Gary Prince (Global Head of FX & Rates Trading and, Head of Financial Markets EMEA)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Obbe Kok is on the board of AFME
Obbe Kok (Head of Financial Markets EMEA and Global Head Balance Sheet Management, ING)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
EBF is listed in ING's memberships
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
ING is a member of UK Finance which is a national association member of EBF
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
EBF is listed in ING's memberships
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
ING is a member of UK Finance which is a national association member of EBF
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Steven van Rijswijk (CEO and Chairman of the Executive Board, ING Group) no longer appears to be a board member of the IIF. ING is also no longer a member of the IIF.
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Ralph Hamers (CEO and Chairman of the Executive Board, ING Group) is a board member of the IIF
Ralph Hamers
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Steven van Rijswijk (CEO and Chairman of the Executive Board, ING Group) no longer appears to be a board member of the IIF. ING is also no longer a member of the IIF.
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Ralph Hamers (CEO and Chairman of the Executive Board, ING Group) is a board member of the IIF
Ralph Hamers
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
ING has stated support for a role for finance in achieving the goals of the Paris Agreement and EU’s 2030 target, as well as investment strategies in line with 933304 net-zero by 2050], as part of the Net Zero Banking Alliance (NZBA). ING has also supported increased ambition in EU sustainable finance regulation. ING appears to have had some detailed engagement on sustainable finance policy, with mixed positions.
In 2018-19, ING stated broad support for policy to improve regulated corporate ESG disclosure on its website and in its CDP response stated support for the mandatory implementation of the TCFD. In 2021, it also appeared to support the SEC’s efforts around climate disclosures in a website article.
ING stated high-level support for the taxonomy on its website. In response to the Commission’s consultation on the Renewed Sustainable Finance Strategy in 2020, it supported a taxonomy that also included 'social' issues.
Also in response to the Commission’s 2020, while ING appeared to support the EU Green Bond Standard, it did not support the accreditation of verifiers nor possible labels for professional investment funds, however, it did not appear to support the Commission's proposed actions on integrating ESG preferences into advice to retail clients. In response to the Commission in 2020, ING also supported the inclusion of ESG factors in bank risk calculations and prudential regulation.
In a report in 2021, ING appeared to support the EU sustainable finance disclosure regulation (SFDR).
ING has made a clear disclosure of some of its positions on sustainable finance on its website but, beyond listing the trade associations, has not clearly described the management of its indirect influence.