What do independent specialists say about sustainability and ING?
ING is one of the most sustainable listed banks in the world. Our policies and actions are assessed by independent institutions, which report on them annually.
- ING’s score in the Dow Jones Sustainability Index is 89 out of 100 this year, making us one of the highest scoring companies in the banking sector.
- Sustainalytics named us the world’s most sustainable bank out of 395 banks measured in 2016.
- ING receives highest possible score by CDP in October 2016.
Dow Jones Sustainability Indices
The Dow Jones Sustainability Indices (DJSI) named ING among world leaders in the industry category Banks and again included ING in the World Index and the Europe Index of this category. While the industry average score is 58, ING scores 89 out of 100, almost unchanged from our 2016 score of 90. The highest score in the Banks category is 94.
This year ING received a higher ‘environmental dimension’ score, and the highest industry scores in the environmental indicators business risks and opportunities, climate strategy, and environmental reporting. We also improved our scores in the areas of corporate governance, materiality, and risk and crisis management.
ING is sustainability leader among banks according to Sustainalytics, a global leader in sustainability research.
With a score of 86 out of 100, ING is No. 1 out of 395 banks rated, up from third place and a score of 88 last year. This high score is an acknowledgement of ING’s strong policies, transparency, good financial results and a decrease in incidents of negative press on environment and governance-related issues, according to Sustainalytics.
ING is ranked in the top 9% of thousands of companies when it comes to actions and strategies to combat climate change according to leading non-profit organisation CDP.
ING was again named to CDP’s ‘Climate A-list’ of 193 companies leading on climate change action, receiving the highest possible score, and recognised with a Euronext/CDP Leadership Award for outstanding environmental disclosure.
CDP uses measurement and disclosure to improve the way companies and governments manage environmental risk. It assessed thousands of companies on their environmental performance related to climate change on behalf of 827 investors with USD 1 trillion in assets.
ING was ranked 20th in the Dutch Transparency Benchmark in 2016, with 186 points (up from 182 points a year ago).
The Dutch Ministry of Economic Affairs each year asks accounting firm EY to research the quality and manner of GRI reporting by the 512 biggest Dutch companies. Then an independent panel of experts reviewed the top 20 companies based on their own criteria.
Stakeholders such as consumers, shareholders and governments, expect companies to be transparent about their efforts and results in sustainable entrepreneurship. By doing so, they openly show where there challenges are, allowing stakeholders to address them. This helps to improve transparency and start dialogue, which can result in change.
More information can be found here (in Dutch only)
VBDO (Dutch Association of Investors for Sustainable Development)
The VBDO is the sole association in the Netherlands to support the interests of institutional and private investors that want to invest sustainably. It issued a report on the “Sustainability Performance of Dutch Stock Listed Companies” in November 2015 and said that ING is the sector’s “best practice”:
“Sustainability is seen as an integral part of doing business, which will provide a competitive advantage in the future. ING drives sustainable progress and makes a positive contribution to global economic growth and development by promoting responsible lending and investment practices in retail and commercial banking.”
More information can be found here