With global population projected to grow to some 9.7 billion people in 2050, the world faces a major challenge: how will we feed all those people?
ING is active in the global food industry. We provide financing to the entire food chain, ranging from producers and traders to transport companies and those who handle and process food products. We require our customers in the food chain to obey the law and regulations, including those around housing and animal welfare.
Furthermore, under our animal welfare policy ING requires clients to meet animal welfare standards. Clients in the animal husbandry sector have to prove that animals are managed in line with the “Five Freedoms”, among other requirements related to transport and stewardship, for example. Clients are encouraged to seek continuous improvement and adhere to industry best practices.
ING’s animal welfare policy also has an “exclusion” list of what we won’t finance, which includes, for example: anything where animals must fight for entertainment, any sponsorships where wild animals aren’t treated in line with the "Five Freedoms", but also animal trades involving endangered species etc.
The policy applies to companies managing farming activities (cattle, poultry, pigs, etc.) and fish hatcheries; those that trade or use endangered animals; animals in entertainment (zoos, circuses, household pet industry); and animals used in laboratory settings to advance human health.
ING was recognised with a Compassionate Business Award by PETA in February 2016 for our “compassionate financing policies that help prevent the worst abuses of animals used for food, clothing, experimentation and entertainment”.