Environmental performance

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At ING we believe that managing our environmental impact is key to achieving our goal of being truly sustainable. That’s why we monitor and manage the impact of our operations though our Environmental Programme.

The Environmental Programme was established to ensure that we’re not only empowering our clients to make the transition to a more sustainable economy, but that we’re making our own transition to become a more resource-efficient and climate-resilient company.

ING’s Environmental Programme therefore allows us to effectively tackle the combined challenges of climate change and the need for more efficient use of natural resources while also providing opportunities to succeed in the low-carbon economy of the future.

Our journey

What has the programme accomplished so far? In 2015 we announced our global targets for reducing our operational footprint. To support this, we have successfully developed our Environmental Management System to reduce our global environmental footprint and increase awareness around the opportunities and impacts of energy use, business travel, waste, water and sustainable procurement.

Solar panels on roof

Example

A good example of the Environmental Programme in action is the commitment to 100% renewable energy powered buildings via the RE100 initiative. This initiative pushes us to reduce our direct environmental impact by providing clean energy for our operations, buildings and IT systems.

Projects like this have not only helped us in becoming more environmentally friendly but have also drawn the attention of industry analysts. We achieved the highest possible score on CDP’s climate change assessment, being included in the ‘A-list’ for the fifth year in a row and recognised for our leadership on climate action.

However, there is still work to be done, so the Environmental Programme is focused on continuously improving our environmental performance in the following areas:

Energy

One of the largest sources of carbon emissions globally is energy production and consumption. To understand and reduce our energy use, we carry out regular monitoring, reporting and reduction strategies across our global operations. Our strategies range from more efficient use of building space, to increasing the energy efficiency of our buildings and data centres, to increasing our use of renewable energy.

Business travel

As a global bank, communication across our network is key. This traditionally required large amounts of business travel. With our Think Forward strategy and sustainability direction however, we are focusing on increased use of technology for seamless digital collaboration such as video conferencing to limit unnecessary travel. Where travel cannot be avoided, we discourage the use of air travel where possible and promote the use of public transport and electric vehicles.

Water

The issue of water stress is an increasing environmental issue worldwide. Although as a financial institution our water footprint is comparatively small compared to other industries, we have still launched an extensive monitoring and water-reduction strategy to minimise our impact. We make use of water-efficient infrastructure such as rainwater collection for sanitation, aerators for faucets and updated appliances for optimal efficiency.

Paper use and waste

Paper use and waste are also two focus areas due to our concern for the conservation of natural resources. This is why we aim to reduce our use of paper through greater utilisation of digital media and more efficient printing. We are also increasing our use of eco-labelled and environmentally friendly paper and recycle disposed paper worldwide. For general waste we have focused our efforts on increasing our recycling rate, management of e-waste and overall reduction of residual waste.

Sustainable procurement

With a considerable global procured spend and an extensive network of suppliers worldwide, we have a real opportunity to drive our sustainability agenda through our supply chain. By encouraging suppliers to share our standards and work towards continual improvement, we believe we can make a demonstrable impact while mitigating risks.

At ING, our procurement policies and procedures require us to take into account the social and environmental aspects of the products we procure as well as the attitude of the supplier towards sustainability. We have implemented, globally, a supplier qualification (Know Your Supplier, or KYS) process and sustainability is an explicit part of that process, helping us to determine the levels of social, environmental and financial risks associated with a supplier, specifically related to human rights, including forced and child labour, fair labour standards, environmental protection, and anti-corruption.

Children at Rimba Raya in Borneo

Carbon Neutrality: REDD+ Portfolio – Amazonian Rainforest in Brazil

We offset 100% of our operational carbon emissions through purchasing voluntary carbon units (VCUs), with the majority originating from a high-impact Acre Amazonian Rainforest REDD+ Portfolio in Brazil. This collection of three projects prevents deforestation across 105,000 hectares of pristine rainforest in the Amazon basin by promoting sustainable economic livelihoods. Through granting land tenure and providing agricultural training to local communities, trees are kept standing, drawing down carbon from the atmosphere and protecting the area’s rich biodiversity. The portfolio is verified and validated to the Verified Carbon Standard (VCS), and has achieved Gold Level status under the Climate Community and Biodiversity (CCB) Standard.

Our organisation

The Environmental Programme is headed by our Environmental Programme Steering Committee, which is chaired by the global head of Tech Infrastructure. ING’s chief operations officer (COO) is the MBB sponsor of the programme. The Steering Committee ensures that the Environmental Programme strategy is integrated into daily business activities and has an impact across the global ING network.

Environmental Programme Organizational Chart

By integrating this programme throughout our business activities and operations we ensure that our positive environmental impact extends further than donations and community investment but rather takes advantage of the large economic impact ING has on society.

ING Cedar office

ING Cedar office

Example

A good example of the integration of the programme’s sustainable strategy within ING is our new corporate office ‘Cedar’ opened in January 2020. Sustainability is key for the building. Cedar’s design has been awarded the highest sustainability rating by BREEAM-NL. It was partially built with the concrete from the previous building on the same location. Around 3,000 square meters of solar panels provide energy for the building, while triple glazing and insulated window frames help to save energy. Various sustainable measures save up to 12 million litres of water per year. Single-use plastic is banished from the restaurants and coffee bars.

Our commitments

At ING we want to show leadership on environmental performance both to our clients and to the rest of the industry. This is why we committed to significant milestones in our specific impact areas.

Our commitments

  • We will reduce our scope 1 and 2 CO2e emissions from our buildings and data centres by 80% by year-end 2022, and 90% by year-end 2030 (base year 2014).
  • We will reduce our scope 3 CO2e emissions from business travel by airplane and car by 25% by year-end 2022 (base year 2014).
  • We will reduce energy consumption by 65% by year-end 2030 (new target, base year 2014).
  • We will reduce our global residual waste by 26% by year-end 2022 (base year 2014).
  • We will reduce our water footprint by 26% by 2022 (base year 2014).
  • We will continue to procure 100% renewable electricity for all ING buildings where we have management control worldwide.
  • We will remain carbon neutral by offsetting remaining carbon emissions.
  • We will preferably procure green energy from local renewable projects: electricity supplied by energy sources that are naturally and continually replenished, such as wind, solar power, geothermal and hydropower.
  • We will maintain a standard for transparency about our progress by reporting to CDP and disclosing material environmental performance indicators in our annual report.

Our progress

We have already achieved substantial progress on many of our objectives.

Theme Indicator Unit 2014 figures Target (baseline 2014) Target year FY2019
Energy CO2e emissions (scope 1+2) kilotonne CO2e 70 -80% 2022 -72%
Energy CO2e emissions (scope 1+2) kilotonne CO2e 70 -90% 2030 -72%
Energy Energy consumption GWh 409 -65% 2030 -29%
Energy Renewable electricity* % 77% 100% 2020 and ongoing 98%
Business travel CO2e emissions (scope 3) kilotonne CO2e 31 -25% 2022 -21%
Water Water usage thousands of m3 572 -26% 2022 -13%
Waste Residual waste tonnes 2.870 -26% 2022 -17%
Others Carbon neutrallity   Ongoing Maintain carbon neutrality by offsetting Ongoing Since 2007
*for all ING buildings where we have management control

CO2e and emissions

CO<sub>2</sub> icon

Reducing our direct CO2e footprint is one of ING’s key environmental goals. With the help of the Environmental Programme ING has decreased our total carbon footprint by 57% as of year-end 2019 compared to 2014, achieving our 2020 target a year early. This is thanks to reducing business travel, an increase of renewable electricity consumption and a decrease in total energy consumption.

Carbon emissions
in kilotonne CO2e 2019 2018 2017 2016 2015 2014
Coverage (% of employees) 99 96 96 96 95 90
 
Total extrapolated carbon 44 57 64 74 94 101
Renewable electricity icon

Energy & renewable electricity

We want to lead the way when it comes to energy efficiency and renewable energy production. Since 2014 we reduced our overall energy consumption by 29%. We also increased efficiency and increased our consumption of renewable electricity to 98% of total electricity consumption.

Energy consumption
  2019 2018 2017 2016 2015 2014
Coverage (% of employees) 99 99 98 96 95 90
Renewable electricity % 98 98 95 91 86 77
In GWh            
Total energy 291 296 315 367 385 409
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Business travel

While our total business travel distance travelled increased since 2014, we offset this by introducing more fuel-efficient vehicles including fully electric and hybrid vehicles. As such, the overall efficiency of our fleet has increased since 2014.

Business Travel
  2019 2018 2017 2016 2015 2014
In # vehicles
Fully electric vehicles 609 231 105 82 75 59
Hybrid vehicles 810 470 302 301 485 473
Waste icon

Waste

Our residual waste was reduced by 17% in 2019 relative to our base year.

Residual Waste
  2019 2018 2017 2016 2015 2014
Coverage (% of employees) 99 99 99 98 95 92
In tonnes            
Total residual waste 2,370 1,836 1,576 3,032 2,714 2,870
Water icon

Water

Since 2014 our measured water footprint decreased by 13% while coverage has increased.

Water consumption
  2019 2018 2017 2016 2015 2014
Coverage (% of employees) 94 95 96 92 91 87
in thousands of m3            
Total water consumption 500 498 563 578 574 572

Full details on the progress we are making on our environmental objectives and other important environmental data please see the non-financial appendix section on our Annual Report 2019.

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