InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Gary Prince is on the board of AFME (last checked July 2023).
Gary Prince (Global Head of FX & Rates Trading and, Head of Financial Markets EMEA)
--no extract--
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 (last checked July 2023).
Gary Prince (Global Head of FX & Rates Trading and, Head of Financial Markets EMEA)
--no extract--
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 (last checked July 2023).
not specified
--no extract--
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 (last checked July 2023).
not specified
--no extract--
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)
ING Bank NV is an associate member of Japanese Bankers Association (last checked December 2021).
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
ING Bank NV is an associate member of Japanese Bankers Association (last checked December 2021).
not specified
--no extract--
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
Sustainable Finance Lobbying Overview: ING appears to have had some detailed engagement on sustainable finance policy, with mixed positions.
Top-line Messaging on Sustainable Finance Policy: 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 net-zero by 2050, as part of the Net Zero Banking Alliance (NZBA). ING has also supported urgent action to tackle biodiversity loss, as well as increased ambition in EU sustainable finance regulation.
Position on Regulated Corporate ESG disclosure During 2021-23, ING has stated broad support for regulated corporate ESG disclosures on its website. In 2021, it appeared to support the SEC’s efforts around climate disclosures in a website article, but otherwise does not appear to have engaged with this policy. In response to the European Financial Reporting Advisory Group (EFRAG) on the European Sustainability Reporting Standards (ESRS) in 2022, ING Poland argued that sector-agnostic disclosures should not account for double materiality and limited "as not to burden entities". However, in response to the Commission’s proposal on the ESRS in 2023, it urged the Commission to make climate requirements as well as disclosures required under the Sustainable Finance Disclosure Regulation (SFDR) mandatory irrespective of the materiality assessment.
Position on Taxonomies ING stated high-level support for the taxonomy in a 2020 website article, however, most recent references to the EU Taxonomy do not state a clear position. In response to the Commission’s consultation on the Renewed Sustainable Finance Strategy in 2020, it supported a taxonomy that also covered 'social' issues. In a media interview in 2023 with Hans Biemans, Head of Sustainable Markets at ING and member of the Commission Platform on Sustainable Finance, he stated clear support for the EU Taxonomy, although highlighted that simplification is a key area to work on “for the sake of usability”.
Position on Other Sustainable Finance Policies In response to the Commission in 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, and 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). In a 2023 letter to Friends of the Earth published on its website, ING appeared to support increased transparency under a number of EU regulations, such as the Sustainable Finance Disclosure Regulation (SFDR).
Lobbying Transparency: ING has published a partial account of its positions and engagement activities on specific sustainable finance policies in website articles, but excludes recent material evidence of direct sustainable finance policy engagement identified by InfluenceMap's database. For instance, it has not disclosed recent engagement with corporate disclosures regulation in the EU during 2022-2023. ING has disclosed a complete list of industry association memberships on its website, but has not included any details on positions or engagement activities.