From green-label greenhouses to sustainable home construction, ING Groenbank finances sustainable projects in the Netherlands and impact finance in developing countries using funds from both corporate clients and retail customers.
More than 70 percent of ING Groenbank’s assets are invested in projects that the Dutch government recognises as green. This helps us accurately quantify the sustainable impact of these green investments.
Financing for environmental impact
ING Groenbank finances sectors with positive environmental impact, including organic farming, renewable energy generation and the re-use of waste materials.
In 2016, ING Groenbank started increasing the volume of loans to SME (small to medium-sized enterprises) and mid-corporate clients. New channels were opened to offer lending services to clients in commercial real estate as well as structured finance transactions for clients operating SME renewable energy generation projects.
ING Groenbank saw its sustainable investments increase as these sectors and the global economy continued to grow in 2016 and 2017. In 2017, ING Groenbank launched finance for construction of sustainable residential property with funds from ING Private Banking and Wealth Management.
Financing for social impact
ING Groenbank directs up to 10 percent of its balance sheet towards social impact finance. Up to 10 percent of related profits is used for education and research purposes.
In 2016, ING Groenbank began to diversity its microfinance portfolios, which were concentrated in India and Turkey, by adding more countries and more financial services. Read about Impact Finance for more information.