Tobacco has a long history of recreational use in society. In more recent years however, growing health concerns have prompted a shift from acceptance to exclusion. The WHO Framework Convention on Tobacco Control (WHO FCTC), signed by some 180 countries, aims to cut 30% of tobacco consumption by 2025.
As a bank with sustainability at the core of our strategy, we recognise our role to contribute to society’s wellbeing. ING’s biggest impact is through our financing, which is why we have decided to take the next step in our approach to tobacco.
ING has exited wholesale clients active in the growing, trading, processing and manufacturing of tobacco products. Our current exposure to tobacco is close to zero and it will run off as standing commitments reach their financial maturities.
We underlined our commitment by signing up to the Tobacco Pledge (PDF 0,4 MB).
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- Mail to: Sustainability@ing.com