How we measure

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Responsible Finance

We make our biggest contribution to a sustainable future through our financing. We are committed to better understanding the impact of our lending activities and working with our clients to drive progress towards a low-carbon and self-reliant society.

We’ll measure this in our Responsible Finance portfolio.

We aim to double our funding to companies and sectors that are helping to keep global warming below two degrees Celsius. We will do this by increasing our Climate Finance portfolio two-fold by 2022 compared to 2017. This includes funding projects that advance renewable energy, the circular economy and help combat climate change.

We will also double our Social Impact Finance portfolio by lending to projects that lead to, for example, affordable housing or basic infrastructure improvements. And we will double lending to environmental, social and governance (ESG) industry leaders by 2022 compared to 2017.

These ambitions replace the ambition to increase our sustainable transitions financed (STF) portfolio to EUR 35 billion by 2020. As we already came close to achieving this in 2016, we matured and strengthened our approach in 2017, resulting in the responsible finance portfolio outlined above. This transparently demonstrates our contribution through financing to key social and environmental domains.

The tables below provide a breakdown of our Environmental and Social Impact Finance as of December 2017.

Client classification1,3,5
  EUR bln % of Total 2017
Industry ESG leaders 5.5 3.4%
Type of transactions2,3,4,5
  EUR bln % of Total 2017
Climate finance 14.6 9%
Type of transactions2,3,4,5
  EUR bln % of Total 2017
Social impact finance 0.5 0.3%

1 The outcomes are based on industry classifications of ESG rating provider Sustainalytics.
2 If criteria are strengthened, the new criteria are applied from the moment they are implemented. Outcomes of transactions finalised prior to such changes remain "as is" at the time they were completed.
3 The amounts reported under the three categories may overlap with one another. For example, a transaction may be both environmentally and socially impactful. The category Outstandings should not be added up.
4 A list of sub-categories that are in scope of the methodology/definition but that have zero-to-low exposure can be found in the non-financial appendix.
5 All figures listed in Outstandings are as of December 2017 and the denominator is WB lending services.

Climate Finance1
in EUR million as of Dec 2017 2017
Energy transition 4,071
Low carbon buildings 9,283
Energy efficiency 161
Transport 745
Waste management 50
Information Technology and Communications 89
Water (including climate adaptation) 62
Other climate finance 154
Total 14,619

1 Circular Economy is also one of the sub-categories under Climate Finance, however, as of year-end 2017, our exposure to Circular deals was nominal. For a complete overview of our definitions and methodology for our Climate Finance indicator and sub-categories please see our Non-Financial Data Reporting Protocol available on ING.com

Social Impact Finance1
in EUR million as of Dec 2017 2017
Basic Infrastructure 239
Essential Services 228
Total 468

1 Affordable Housing, Food Security, Community Development and Financial Access and Microfinance are additional sub-categories under Social Impact Finance, however, as of year-end 2017, our exposure to these categories was nominal or zero. For a complete overview of our definitions and methodology for our Social Impact Finance indicator and sub-categories, please see our Non-Financial Data Reporting Protocol available on ING.com

Sustainable investments

We can help our customers contribute to a more sustainable world through sustainable investing.

We select companies whose activities consider people, society and the environment, offering solutions for the sustainability challenges our world faces. We believe these companies will outperform on return and impact in the long term.

Our robust assessment excludes companies in specific sectors, such as coal mining, or that exhibit controversial behaviour such as violations of human rights.

ING has provided customers with sustainable investment solutions since 1999. These can be dedicated portfolios, structured products or investment funds and cover all asset classes. Sustainable investment solutions are available to customers in Belgium, Luxembourg, Germany and the Netherlands.

We measure sustainable investment solutions in sustainable assets under management (SAuM). At the end of 2017 ING’s SAuM was EUR 4.75 billion. This represents 3.75 percent of ING’s total assets under management.

Sustainable Assets under Management table
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