We believe that our relationship and interactions with our stakeholders are essential in evolving our sustainable progress and evaluating the impact of our business. Actively listening to our various stakeholder groups and responding to their views and concerns are very important for us. This input helps us balance competing expectations, address issues in an informed way and, crucially, helps us to improve our business.
Retail clients, business clients, employees, investors, NGOs, suppliers, supervisors and regulators are among our most important constituencies. These stakeholders are prioritized as they are most likely to be impacted by our business and operations as well as having the most influence on ING achieving its strategic goals. We are increasingly moving towards stakeholder collaboration: coming up with new ways of driving sustainable progress through a close collaboration with diverse stakeholder groups.
An integrated approach
Rather than having one-off consultations around specific topics, we prefer to take an integrated approach towards stakeholder engagement. This means that we have an ongoing dialogue about our role in society, our products and services, our business performance and other issues. We also collaborate with our stakeholders to further improve. This is done at both the business unit and Group level.
Although our global approach is still being worked on, stakeholder engagement is ongoing and is being integrated by various business units that engage with specific stakeholder groups (e.g. at Retail Banking when it comes to engaging with retail clients, at Wholesale Banking when it comes to engaging with business clients, etc).
Example of 2015 results: engagement on current topics of interest to society at large and NGO’s
We would like to be transparent about specific sustainability related topics that raised questions in society during 2015 and we engaged on with NGO’s during the year. This table was also shared in the Sustainability Annex of ING’s 2015 Annual Report.
Partnerships, memberships & endorsements
ING partners with:
ING endorses (is signatory of):
- The Universal Declaration of Human Rights
- The Core Conventions of the International Labour Organisation (ILO)
- Principles for Investors for Inclusive Finance (PIIF)
- CDP (Carbon Disclosure Project)
- Global Reporting Initiative (GRI)
- Children’s Rights and Business Principles (CRBP)
- Global Education First Initiative
- EU Transparency Register
- Code of Conduct of the Society of European Affairs Professionals (SEAP)
- Lobbying register of the House of Representatives of the Netherlands
- Wolfsburg Group principles.
Signed/endorsed in 2015
- CEO Climate Statement
- UNEP FI/ EBRD Statement by Financial Institutions on Energy Efficiency Finance
- NVB Klimaatstatement (NL)
- European Financial Services Round Table (EFR) Statement on Climate Change
- Renewable energy 100% (RE100)
ING is a member of:
- International Integrated Reporting Council (IIRC)
- United Nations Environmental Programme Finance Initiative (UNEP FI)
- UNEP Finance Initiative Climate Change Working Group (CCWG)
- UNEP Finance Initiative Social Issues Work Stream
- Energy Efficiency Financial Institutions Group (UNEP FI/ European Commission)
- United Nations Global Compact
- Academy of Business and Society (ABIS)
- IUCN/ Leaders for Nature network
- Netherlands Water Partnership
- Equator Principles Association (EP)
- Thun Group of Banks
- Association for Financial Markets in Europe
- Centre for European Policy Studies – European Capital Markets Institute
- European Financial services Round Table
- International Capital Market Association
- Institute of International Finance
- EUROSIF (VB DO)
- International Corporate Governance Network (ICGN)
- European Fund and Asset Management Association (EFAMA)
- CRO Forum, Sustainability Working Group.
- CMIA (Climate Markets and Investment Association
- Ellen MacArthur Foundation CE100
Memberships joined in 2015 and 2016
- Round table on sustainable palm oil
- Banking Environment Initiative