INGNetherlands
Created before Nov 2016
Last update: 2019-02-12 16:43:55
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About ING

ING (an abbreviation of Internationale Nederlanden Groep) is a Netherlands based international financial services company and one of the world's largest savings banks. It was founded through a merger in 1991 of NMB Postbank Groep and the insurance business of Nationale-Nederlanden, which history dates back to 1845. ING's primary businesses are retail banking, direct banking, commercial banking, investment banking, asset management, and insurance services. ING is active in over 40 countries.

Website http://www.ing.com/group/index.jsp?&lang=en
Headquarters
Bijlmerplein 888
1102 MG Amsterdam
Netherlands
CEO/chair Ralph Hamers
CEO
Supervisor
De Nederlandsche Bank
Annual reports Human Rights Report 2018
Annual report 2018
Ownership
listed on NYSE Euronext

ING's shareholder structure can be seen here.

Related Dodgy Deals

ING has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

Cirebon 2 coal power plant Indonesia profile

energy plants - coal
Debt – project finance
18 April 2017
Co-financed USD 1.009 billion project finance loan
source: JBIC Press release
link

Compagnie des Bauxites de Guinée (CBG) Guinea profile

mining - non coal
Debt – project finance
USD 473 million
2016
ING -DiBa AG, the German branch of ING participated in a USD 473 million syndicated loan
source: Inclusive Development International
link

Punta Catalina-Hatillo coal power plant Dominican Republic profile

energy plants - coal
Debt – project finance
USD 40 million
30 December 2015

Solwara 1 Deep Sea Mining Project Papua New Guinea profile

mining - non coal
Debt – corporate loan
USD 93.13 million
2013
Provided to MB Holding and its subsidiaries since 2013
source: Profundo report
link
Debt – corporate loan
USD 876.96 million
2013
Provided to Metalloinvest and its subsidiaries since 2013
source: Profundo report
link
Bond issue – underwriter
USD 114.29 million
2013
Provided to Metalloinvest and its subsidiaries since 2013
source: Profundo report
link

Trans Adriatic Pipeline (TAP) - international - profile

oil and gas
Debt – project finance
EUR 500 million
December 2018 - June 2034
Co-financed EUR 500 million EBRD B-loan
source: EIB press release
link
Debt – project finance
EUR 635 million
December 2018 - June 2034
Co-financed EUR 635 million commercial banks loan
source: EIB press release
link

Trans Mountain Pipeline Expansion project (TMEP) Canada profile

oil and gas | transport and infrastructure
Debt – corporate loan
Co financed CAD 14 billion corporate loan to Kinder Morgan including underwriting from January 1, 2014 through May 2017
source: Mazaska Talks
link
There are no active projects for ING now.

Projects - on record profiles

Baku-Tbilisi-Ceyhan oil pipeline Azerbaijan profile

oil and gas
Debt – project finance
February 2004

Camisea pipeline project Peru profile

oil and gas
Debt – project finance
27 June 2008

Canadian tar sands Canada profile

oil and gas
Uncategorised
USD 192 million
2009
Total Tar Sands Financing
source: link

Dynegy coal power plants United States profile

energy plants - coal
Debt – project finance
August 2007

Grasberg gold and copper mine Indonesia profile

mining - non coal
Bond issue – underwriter
USD 65 million
March 2007
Participation in issuing syndicate led by JP Morgan Chase and Merril Lynch.
Debt – corporate loan
USD 303 million
March 2007
Participation in a $ 10 billion syndicated loan arranged by JP Morgan Chase and Merril Lynch
Debt – corporate loan
USD 45 million
March 2007
for acquisition of other mining group (Phelps Dodge)

Great Barrier Reef Coal & Gas Exports Australia profile

oil and gas | transport and infrastructure
Debt – corporate loan
AUD 147 million
5 May 2013
source: link

Kashagan oil project Kazakhstan profile

oil and gas
Advisor
April 2010
adviser to Kazmunaigaz (KMG) on its Kazakhstan Caspian Transportation System (KCTS) project
source: Project Finance Issue 431
Debt – corporate loan
September 2007
KazMunaiGaz paid loan early in October 2008
source: International Herald Tribune, 2 October 2008

Mochovce nuclear power plant (units 3 & 4) Slovakia profile

energy plants - nuclear
Debt – corporate loan
EUR 800 million
September 2007
Debt – corporate loan
EUR 350 million
April 2004

Mountain top removal coal mining United States profile

mining - coal
Uncategorised
EUR 12 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 395 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Nam Theun 2 dam Laos profile

energy plants - dams
Debt – project finance
May 2005

Palm Oil Plantations in the Sambas District Indonesia profile

agriculture - palm oil
Principal banker
Wilmar named ING among its principal bankers in April 2007

SOCAR Aegean Refinery Turkey profile

energy plants - coal | oil and gas
Debt – project finance
USD 37.5 million
January 2015
One of a consortium of 16 banks providing USD 600m uncovered commercial loans with a 15 year tenor.
source: TFR

Tampakan Copper and Gold Mine project Philippines profile

mining - non coal
Bond issue – underwriter
EUR 77 million
March 2012
source: Profundo report
Share issue – underwriter
EUR 93.3 million
December 2011
source: Profundo report
Debt – corporate loan
EUR 121 million
September 2010
source: Profundo report

Companies - active profiles

Arauco Chile profile

forestry - pulp and paper
Debt – corporate loan
USD 21 million
2018
source: Thomson Reuters Eikon

Enea Group Poland profile

energy distribution | energy plants - coal | mining - coal
Bond issue – underwriter
PLN 1.5 billion
- 2021
Via its subsidiary ING Bank Slaski, co bonds underwriting with PKO, Bank Pekao and mBank totalling PLN 1.5 billion.
source: Enea Group Consolidated Annual report 2016
link

Lockheed Martin United States profile

arms industry and trade
Uncategorised
EUR 23 million
November 2013
shares/bonds underwriter or manager
source: link

Marubeni Japan profile

energy plants - coal | forestry - pulp and paper | mining - non coal | transport and infrastructure
Debt – corporate loan
USD 221 million
2014 - 2017
source: BankTrack Coal Developers Report
link
Debt – project finance
USD 650 million
5 November 2013
project finance for the development of the Antucoya copper mining, provided together with JBIC, EDC, KfW, Mizuho Bank, Sumitomo Mitsui Banking Corporation, Natixis, Corpbanca, and Banco del Estado de Chile.
source: link

Polska Grupa Energetyczna (PGE) Poland profile

energy plants - coal | energy plants - nuclear | mining - coal
Debt – corporate loan
USD 182 million
2014 - 2017
source: BankTrack Coal Developers Report 2017
link
Share issue – underwriter
USD 170 million
2014 - 2017
Combined share and bond issuance underwriting
source: BankTrack Coal Developers Report 2017
link
Uncategorised
EUR 154.3 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 67.7 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Uncategorised
source: Poland, Euroweek - Issue: 767; Project Finance, London, June 2005; Project Finance, London, September 2005; Project Finance, London, July/August 2006; Project Finance, London, November 2006.

RWE Germany profile

energy plants - coal | energy plants - nuclear | mining - coal
Debt – corporate loan
USD 245 million
2014 - 2017
source: BankTrack Coal Developers Report 2017
link
Share issue – underwriter
USD 102 million
2014 - 2017
Combined share and bond issuance underwriting
source: BankTrack Coal Developers Report 2017
link
Debt – corporate loan
EUR 130 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Uncategorised
EUR 69.3 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 6.2 million
revolving credit
source: Thomson ONE database.

Socfin Luxembourg profile

agriculture - non-food crops | agriculture - palm oil
Bond issue – underwriter
USD 84.5 million
2016
ING underwrote a USD 84.5 million bond issuance for Socfin. USD 54.6 million is expected to be used for palm oil production.
source: Forests and Finance
link
Debt – corporate loan
EUR 80 million
2016
ING arranged a senior unsecured debt to finance for land-use expansion for palm oil and rubber production
source: Chain Reaction Research
link

Wilmar International Singapore profile

agriculture - palm oil
Debt – corporate loan
USD 47 million
2017
Revolving credit facility
source: Forests and Finance Database
link
Debt – corporate loan
EUR 81 million
June 2010 - June 2011
Part of a €325 million one-year credit facility from a syndicate of four banks that matured in 2011.
source: FoE Europe report (November 2015)
link
There are no active companies for ING now.

Companies - on record profiles

Arch Coal United States profile

mining - coal
Debt – corporate loan
EUR 146 million
November 2013
source: link
Uncategorised
EUR 18 million
November 2013
shares/bonds underwriter or manager
source: link
Uncategorised
EUR 11.6 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 155 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Areva France profile

energy plants - nuclear | energy plants - renewables | mining - non coal | nuclear industry
Equity – share owner/manager
EUR 0.3 million
source: Reuters3000 financial database
Debt – corporate loan
EUR 44.9 million
source: Euroweek - Issue: 1029;Thomson ONE database.

BHP Billiton Australia profile

mining - coal | mining - non coal | oil and gas
Debt – corporate loan
EUR 43.1 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Uncategorised
EUR 83.3 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 34.9 million
source: International Financing Review, 26 October 2002; Euroweek - Issue: 780; Prospectus WMC Resources, 26 June 2003; International Financing Review, London, 23 April 2005; Annual Report 2005, BHP Billiton, Melbourne, September 2005.

DTEK Ukraine profile

energy plants - coal | mining - coal | oil and gas
Uncategorised
EUR 230 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 225.5 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

EDF France profile

energy plants - nuclear
Debt – corporate loan
EUR 189 million
source: Thomson ONE database
Bond issue – underwriter
EUR 114.2 million
source: Thomson ONE database; Euroweek - Issue: 826.

ENGIE France profile

energy plants - coal | energy plants - dams
Uncategorised
EUR 19.8 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 67 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

EPH Czech Republic profile

energy plants - coal | energy plants - hydro | energy plants - nuclear | mining - coal
Debt – corporate loan
EUR 1.5 billion
2013
Participant
source: Sandbag
Debt – corporate loan
EUR 1 billion
2012
Participant
source: Sandbag

Glencore Switzerland profile

mining - coal
Debt – corporate loan
EUR 746 million
November 2013
ING provided a total of EUR 746 million of loans to Glencore between January 2011 and November 2013
source: link
Uncategorised
EUR 632 million
November 2013
shares/bonds underwriter or manager
source: link
Uncategorised
EUR 150.5 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 312.2 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
USD 2.498.18 million
ING provided a total of USD 2,498.18 million of loans to Glencore between Januari 2013 and December 2016. Note: there is an overlap of EUR 363.85 million with the EUR 746 million loans January 2011 and November 2013
source: Fair Bank Guide
link

IOI Corporation Malaysia profile

agriculture - palm oil
Uncategorised

Kinder Morgan United States profile

energy distribution | oil and gas | transport and infrastructure
Debt – corporate loan
USD 137 million
19 September 2014
Co-financed USD 5 billion revolving credit facility
source: www.sec.gov
link

Korea Electric Power Corporation (KEPCO) South Korea profile

energy plants - coal | energy plants - nuclear | mining - coal | nuclear industry
Debt – corporate loan
USD 12 million
2014 - 2017
source: Coal Developers Report 2017
link

Rio Tinto Australia profile

mining - coal | mining - non coal | nuclear industry
Uncategorised
EUR 215 million
November 2013
shares/bonds underwriter or manager
source: link
Uncategorised
EUR 51.5 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Equity – share owner/manager
EUR 3.8 million
source: Annual report 2007, Rio Tinto, London, April 2008.

Royal Dutch Shell Netherlands profile

oil and gas
Share issue – underwriter
EUR 420 million
November 2013
shares/bonds underwriter or manager
source: link
Approached, interested
USD 435 million
ING provided a total amount USD 435.33 million in loans to Shell between 2013 and 2016 source: Fair Bank Guide
source: Fair Bank Guide
link

Sime Darby Malaysia profile

agriculture - palm oil
Uncategorised
EUR 1.09 million
February 2013
shares/bonds underwriter or manager - Bonds
source: Profundo report 2013

SUEK Russian Federation profile

mining - coal
Debt – corporate loan
EUR 109.3 million
February 2016
source: Profundo, 25 April 2016
Debt – corporate loan
EUR 356 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Uncategorised
EUR 69.7 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014

Trafigura Singapore profile

commodities trading | oil and gas | transport and infrastructure
Bond issue – underwriter
USD 356 million
2012 - 2016
Total bonds underwritten between 2012 and October 2016.
source: Thomson Reuters Eikon, accessed by Profundo, October 2016
Debt – corporate loan
USD 125 million
2012 - 2016
Total corporate loan between 2012 and October 2016.
source: Thomson Reuters Eikon, accessed by Profundo, October 2016
Debt – corporate loan
USD 1,601 million
2012 - 2016
Total revolving credit between 2012 and October 2016.
source: Thomson Reuters Eikon, accessed by Profundo, October 2016

Vattenfall Sweden profile

energy plants - coal | energy plants - nuclear | energy plants - renewables | mining - coal | mining - non coal | nuclear industry
Debt – corporate loan
EUR 54.1 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Vitol Switzerland profile

commodities trading | oil and gas | transport and infrastructure
Debt – corporate loan
USD 308 million
2012 - 2016
Total corporate loan between 2012 and October 2016
source: Thomson Reuters Eikon, accessed by Profundo, October 2016
Debt – corporate loan
USD 1,198 million
2012 - 2016
Total revolving credit between 2012 and October 2016
source: Thomson Reuters Eikon, accessed by Profundo, October 2016

ZE PAK (Zespół Elektrowni Pątnów-Adamów-Konin) Poland profile

energy plants - coal | mining - coal
Uncategorised
EUR 5.1 million
2010 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014

Dodgy Deals map

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News

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Type:
Year:
blog
external news
our news

Friends of the Earth groups and supporters file OECD complaint against ING for financing palm oil abuses

2019-07-05 | Amsterdam | Milieudefensie, Sustainable Development Institute Liberia, WALHI
blog
external news
our news

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
blog
external news
our news

Leak exposes millions of dollars in new payments in Odebrecht cash-for-contracts scandal

2019-06-25 | International Consortium of Investigative Journalists
blog
external news
our news

Hyundai admits bribing Indonesian politician for power plant construction

2019-05-02 | The Korea Times
blog
external news
our news

Dutch bank ING challenged over finance for fossil gas expansion

2019-04-23 | Amsterdam, the Netherlands | BankTrack
blog
external news
our news

Dutch NCP on OECD Guidelines: Banks must publish climate targets in line with Paris Climate Agreement

2019-04-19 | Nijmegen | BankTrack
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
blog
external news
our news

ING Money Laundering Woes Worsen After Bank of Italy Probe

2019-03-16 | Bloomberg
blog
external news
our news

Banks be warned – Poland’s PGE wants to blow the house and the climate on coal expansion extravaganza

Latest distress signal from new financial results another reason for potential financiers to walk away
2019-03-14 | Warsaw, Poland | Kuba Gogolewski – Development YES Open-Pit Mines NO
blog
external news
our news

Thirteen Guinean villages lodge complaint against World Bank for financing destructive bauxite mine

Further finance came from a syndicate of commercial banks under the Equator Principles
2019-03-11 | Conakry | Inclusive Development International
blog
external news
our news

These Are the Banks Caught Up in the Russia Money-Laundering Scandal

2019-03-06 | Bloomberg
blog
external news
our news

Russian money laundering machine shifted millions through the Netherlands

2019-03-05 | Dutchnews.nl
blog
external news
our news

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
blog
external news
our news

Trans Adriatic Pipeline: France provides massive financial support to controversial gas project

2019-01-17 | Paris, France | Les Amis de la Terre
blog
external news
our news

Banks must show their teeth to tackle cocoa abuses

BankTrack’s view of the Dutch Banking Sector Agreement’s Cocoa Paper
2018-12-20 | Ryan Brightwell – BankTrack
blog
external news
our news

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen | Claire Hamlett – BankTrack
blog
external news
our news

COP24: New research reveals the banks and investors financing the expansion of the global coal plant fleet

Japanese banks top lenders, Chinese banks top underwriters; US companies biggest institutional investors in the coal plant pipeline
2018-12-05 | Katowice, Poland | BankTrack, urgewald
blog
external news
our news

Principles must bring commitments

Banks endorsing draft Principles for Responsible Banking called upon to urgently act on what they sign
2018-11-26 | Paris | BankTrack
blog
external news
our news

Dutch banks allow consumers to unwittingly invest in controversial palm oil companies

2018-10-20 | Amsterdam | Friends of the Earth Netherlands
blog
external news
our news

Gunvor joins other commodity players with sustainability-linked loan led by ING

Participating banks in the Gunvor facility include ABN Amro, CA Indosuez, Credit Suisse, DBS Bank, KfW Ipex-Bank, Mizuho, MUFG Bank, Nedbank, Rabobank, Raiffeisen, Société Générale, Sumitomo Mitsui Trust Bank and UniCredit.
2018-10-17 | Global Trade Review
blog
external news
our news

ING to pay EUR 675 million fine in settlement deal with Dutch authorities

2018-09-04 | Markets Insider
blog
external news
our news

Dutch Banking Sector Agreement on Human Rights publishes first annual report plus leverage and cocoa papers

2018-08-16 | BankTrack
blog
external news
our news

Marubeni - playing on both sides of the energy transition

The Japanese conglomerate could be a leader in renewables, but its coal expansion plans should place it beyond the pale for responsible banks.
2018-08-01 | Lucie Pinson – Les Amis de la Terre
blog
external news
our news

ING stops financing new coal power plant in Dominican Republic

2018-08-01 | The Hague | Eerlijke Bankwijzer
blog
external news
our news

Dutch-based banks continue to finance deforestation and land-grabbing

2018-07-02 | Friends of the Earth Netherlands
blog
external news
our news

Smoke and mirrors - world's top banks on notice to slash support for coal power development

2018-04-05 | Greig Aitken – BankTrack
blog
external news
our news

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

ING clients switch to Triodos, ASN after CEO's massive pay raise

2018-03-12 | NL times
blog
external news
our news

Out of sync with climate reality – the coal mine and coal plant dreams of Poland's two dirty utilities

2018-02-26 | Warsaw | Katarzyna Kubiczek, Ecological Association EKO-UNIA
blog
external news
our news

Odebrecht case, Green March and public ministry

2018-01-29 | Acento
blog
external news
our news

ING, Rabobank accused of funding granite companies that use child labour

2017-12-14 | Netherlands | NL Times
blog
external news
our news

Banks criticised for funding coal deals despite Paris agreement

2017-12-11 | Financial Times
blog
external news
our news

Wilmar and ING collaborate on sustainable loan in Asia

First in palm oil industry to peg its sustainability performance to interest rate of an existing facility
2017-11-27 | ShareInvestor
blog
external news
our news

ING to be investigated under OECD grievance mechanism in climate finance test case

Dutch OECD ‘National Contact Point’ accepts NGOs’ complaint
2017-11-16 | Responsible Investor
blog
external news
our news

ING Bank on the hook for not reporting climate pollution

2017-11-14 | Greenpeace Netherlands
blog
external news
our news

Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

2017-11-02 | Rainforest Action Network
blog
external news
our news

Investor alert: Deep sea mining project in last-ditch search for capital

Banks and other investors warned to steer clear
2017-10-25 | Nijmegen and Brisbane | BankTrack, Deep Sea Mining Campaign
blog
external news
our news

Trump scraps Obama’s climate legacy, but banks unlikely to follow

2017-10-17 | Global Trade Review
blog
external news
our news

Operation Car Wash and a coal plant in the Dominican Republic – anti-corruption protestors are not giving up

2017-10-10 | Luca Manes – Re:Common
blog
external news
our news

Scandalo Lava Jato, Santo Domingo si ribella contro la corruzione. E c'entra anche l'Italia

2017-10-03 | l'Espresso
blog
external news
our news

Greenpeace Investor Briefing: Problematic Pipelines

Investor risk from bank financing of tar sands pipelines
2017-09-20 | Greenpeace
blog
external news
our news

Medina’s only option: terminate Odebrecht power plant contract

2017-08-28 | Dominican Today
blog
external news
our news

Punta Catalina perdería el financiamiento europeo que le resta para su terminación

2017-08-04 | Proceso
blog
external news
our news

Punta Catalina – the coal plant project that keeps on giving … a headache to European banks

2017-07-31 | Greig Aitken – BankTrack
blog
external news
our news

HSBC triggers investigation into palm oil company over deforestation allegations

NGOs praise the bank’s move as they step up pressure on investors to stand by environmental and social commitments on palm oil
2017-07-17 | The Guardian
blog
external news
our news

Dutch bank ING the latest to reject financing of Kinder Morgan pipeline

2017-06-28 | Toronto | Greenpeace
blog
external news
our news

28 major banks warned not to finance Trans Mountain pipeline expansion

Over 20 Indigenous and environmental groups deliver urgent letter.
2017-06-09 | BankTrack, Rainforest Action Network, others
blog
external news
our news

Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing

- Oil traders Trafigura and Vitol received over $100 billion in loans since 2012
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
2017-05-23 | Nijmegen | BankTrack
blog
external news
our news

Bribery scandal met with near-silence in Dominican Republic

2017-05-17 | Washington Post
blog
external news
our news

NGOs file complaint against ING for violation of OECD guidelines

Organisations call on the Dutch bank to take further steps on climate
2017-05-09 | Amsterdam | BankTrack, Greenpeace, Friends of the Earth Netherlands, Oxfam Novib
blog
external news
our news

Milieuorganisaties dienen klacht over ING in bij contactpunt OESO

2017-05-08 | NU.nl
blog
external news
our news

Complaints filed over ING's continued investment in fossil fuels

2017-05-08 | NL Times
blog
external news
our news

Dutch bank ING: Campaigners to call for coal finance cuts at AGM

2017-05-08 | Amsterdam | BankTrack, CAN Europe, Foundation “Development YES - Open-Pit Mines NO”, Pracownia
blog
external news
our news

Milieugroepen dienen klacht in over uitstootbeleid ING

2017-05-08 | Trouw (NL)
blog
external news
our news

Milieuorganisaties dienen klacht over ING in bij contactpunt OESO

2017-05-08 | Nu.nl
blog
external news
our news

Banks risk breach of sustainability standards over Indonesian coal plant finance

New report from BankTrack and Greenpeace
2017-04-03 | Nijmegen, Netherlands | BankTrack, Greenpeace
blog
external news
our news

Europe’s biggest banks register €25 billion profit in tax havens

2017-03-27 | Fair Finance Guide International, Oxfam
blog
external news
our news

ING Bank Just Divested Their DAPL Financing—We All Helped to Change Their Mind

2017-03-24 | Yes! Magazine
blog
external news
our news

ING first bank to sell Dakota Access Pipeline loan debt – BankTrack reaction

Other banks urged to follow, and consider new pipelines off limits for finance
2017-03-22 | Nijmegen | BankTrack
blog
external news
our news

Leading banks under fire for misrepresenting human rights responsibilities

Discussion Paper by Thun Group of banks meets series of objections from UN Working Group, John Ruggie and over 30 civil society organisations
2017-02-28 | BankTrack
blog
external news
our news

Multi-billion euro investments out of control: How banks continue to finance violations of human rights and environmental norms

For the fifth consecutive year Facing Finance reports on violations of environmental and social norms and standards by multinational corporations, as documented by international NGOs.
2017-02-09 | Hamburg/Berlin | Facing Finance
blog
external news
our news

Power plant 'one year behind schedule'

2017-02-08 | Dominican Today
blog
external news
our news

Anti-impunity marches to continue

2017-02-03 | Dominican Today
blog
external news
our news

ABN AMRO threatens to stop financing company behind the controversial Dakota Access Pipeline

2017-02-02 | Amsterdam | BankTrack, Eerlijke Bankwijzer, Greenpeace
blog
external news
our news

La Société Générale priée de renoncer à financer la centrale charbon de Punta Catalina

2017-01-26 | Boursier.com
blog
external news
our news

Dominicans on the march against Punta Catalina kickbacks, and want financiers out of the coal plant project

2017-01-23 | Greig Aitken – BankTrack
blog
external news
our news

Odebrecht corruption in Dominican Republic – Five European banks urged to pull out of dirty coal plant financing

2017-01-18 | BankTrack, Les Amis de la Terre, National Committee to Combat Climate Change
blog
external news
our news

Punta Catalina Commission to subpoena top officials

2017-01-17 | Dominican Today
blog
external news
our news

March aims to indict corrupt officials, Odebrecht executives

2017-01-16 | Dominican Today
blog
external news
our news

Odebrecht must be terminated: civil society group

2016-12-29 | Dominican Today
blog
external news
our news

Odebrecht $92 million bribe: Just hours to deadline, utility produces papers

2016-12-27 | Dominican Today
blog
external news
our news

A graveyard of unfinished work left in development bank’s wake

2016-12-01 | Bloomberg
blog
external news
our news

Dutch banks spend millions on lobbying

The major Dutch banks spend millions on lobby through their own channels, through interest groups like the Association of Dutch Banks (VNB) and lobby organisations in the Netherlands, the EU and worldwide. At the same time, it is often unclear how lobbying is organised exactly and banks are transparent about their activities, concludes SOMO’s latest report A structural problem in the shadows – Lobbying by banks in the Netherlands.
2016-11-22 | Amsterdam | SOMO
blog
external news
our news

COP22: The pressure is growing on banks financing coal expansion in Indonesia

2016-11-18 | Yann Louvel – BankTrack
blog
external news
our news

Going Dutch: What’s in the new Dutch banking sector agreement on human rights?

2016-11-10 | Ryan Brightwell – BankTrack
blog
external news
our news

ING still invests hundreds of millions in polluting coal companies

ING lends EUR 300 million to Eon fossil spin-off Uniper
2016-09-22 | Amsterdam | BankTrack and Fair Bank Guide Netherlands
blog
external news
our news

New report finds banks betting on climate change

Seventh annual bank finance Report Card reveals major banks poured hundreds of billions into extreme fossil fuels
2016-06-14 | Nijmegen, San Francisco | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
blog
external news
our news

European banks warned over raid on pension funds to finance disputed coal plant in Dominican Republic

2016-05-27 | Santo Domingo, Dominican Republic | CNLCC, BankTrack, Les Amis de la Terre France
blog
external news
our news

Revealed: ING and Rabobank continue support for biggest Russian coal producer

2016-04-25 | Amsterdam | Fair Finance Guide Netherlands
blog
external news
our news

ING Statement on Climate Change

2016-03-03
blog
external news
our news

Bank financing of staggering Polish coal development plans continues to run deep

2016-02-25 | Kuba Gogolewski – Development YES Open-Pit Mines NO
blog
external news
our news

ING becomes latest bank to stop finance for new coal

Dutch Bank leaps to the front on climate change in run-up to Paris climate conference
2015-11-27 | Nijmegen | BankTrack
blog
external news
our news

Investor Alert on DTEK (Ukraine) debt restructuring

Banks urged to avoid carte blanche bailout for crisis-hit power monopoly
2015-10-28 | Kiev, Nijmegen | NECU and BankTrack
blog
external news
our news

ING announces end to financing of major mountaintop removal coal miners

2015-05-11 | Amsterdam | BankTrack
blog
external news
our news

UN, banks and oil palm giants feast on the stolen land of Uganda's dispossessed

2015-02-19 | The Ecologist
blog
external news
our news

Banks not yet living up to UN human rights principles, finds BankTrack

New research finds inadequate reporting on human rights impacts, and failure to establish mechanisms to allow complaints.
2014-12-02 | Geneva | BANKTRACK
blog
external news
our news

Banks and human rights: Assessing strengths and weaknesses of the Thun Group’s approach

2014-08-11 | Righting Finance
blog
external news
our news

BNP Paribas, Deutsche Bank and ING invest €1.34 billion in coal

FairFin, Climaxi and BankTrack ask for green investments
2014-06-03 | Brussels | FairFin
blog
external news
our news

Taking Lobbying Public

The Transparency of Dutch Banks’ Lobbying Activities
2013-12-17 | Amsterdam | SOMO
blog
external news
our news

Are big banks short-selling their leverage over human rights?

2013-11-01 | The Guardian
blog
external news
our news

BankTrack welcomes Thun Group paper on banks and human rights

Call for access to remedy for victims bank-financed human rights abuses
2013-10-11 | Nijmegen | BankTrack
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

Pension funds and banks invest millions in companies that supply controversial communication systems to Syria

2012-07-17 | The Hague, The netherlands | Oxfam Novib
blog
external news
our news

New report: European banks fuelling food price volatility and hunger

2012-01-12 | Brussels | Friends of the Earth Europe
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

Nam Theun 2 inauguration hides real costs of controversial Equator Principles project

More than 100,000 people continue to suffer project impacts
2010-12-07 | Laos | International Rivers
blog
external news
our news

World Bank-backed dam powers ahead, despite social cost

2010-12-07 | Bangkok | Inter Press Service
blog
external news
our news

European banks provide fuel for the conflict in Sudan

The limited scope of Sustainable Asset Management
2010-09-20 | Amsterdam | Somo
blog
external news
our news

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Bankruptcy threatens banks operating in Belgium

Netwerk Vlaanderen calls to halt investments in coal plants
2010-06-02 | Brussels/ Ghent | Netwerk Vlaanderen
blog
external news
our news

Investeringen banken: meer fossiel dan duurzaam

2010-05-19 | Amsterdam | Milieudefensie et al.
blog
external news
our news

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Laos’ Nam Theun 2 dam operation illegal

Equator Principles project begins selling power to Thailand in violation of Concession Agreement and obligations to affected communities
2010-03-23 | Laos | International Rivers
blog
external news
our news

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
blog
external news
our news

Dutch banks call for clear agreements on sustainable energy

2009-11-26 | Amsterdam | Eerlijke Bankwijzer
blog
external news
our news

Top financial institutions still invest US$20 billion in cluster bombs

Activists call on banks and pension funds to disinvest from banned weapon
2009-10-29 | London | Netwerk Vlaanderen
blog
external news
our news

BankTrack members unveil bank secrets

Six European organizations launch a revealing website: www.banksecrets.eu
2009-06-25 | Brussels | CRBM
blog
external news
our news

New website guides Dutch consumers in choosing sustainable bank

2009-01-22 | Utrecht | Milieudefensie
blog
external news
our news

Financial institutions vote more in favour of climate

2008-11-05 | Amsterdam | Milieudefensie
blog
external news
our news

Banks shun harmful investments

New report shows examples of pioneering banks
2008-06-11 | Brussels | Netwerk Vlaanderen
blog
external news
our news

ING Withdraws from Slovak Nuclear Project

Mochovce 3 and 4 too risky
2008-01-29 | Amsterdam / Brussels | Urgewald
blog
external news
our news

Milieudefensie publishes Climate Performance Index 2007 of Dutch Banks

ABN Amro climate laggard, Triodos and ASN climate leaders
2007-06-09 | Amsterdam | Milieudefensie
blog
external news
our news

Banks continue to invest in cluster munitions

2006-09-18 | Brussels, Belgium | Netwerk Vlaanderen
blog
external news
our news

No party time for Burmese democrats

Action at Belgian banks against investments in Burma
2006-06-19 | Brussels, Belgium | Netwerk Vlaanderen
blog
external news
our news

Shareholders protest against ING investments in human rights abuses

Critical questions during the ING Annual General Meeting
2006-04-25 | Amsterdam, The Netherlands | Netwerk Vlaanderen
blog
external news
our news

ING bank dumps divisive 1.7 billion paper mill project

2006-04-13 | Amsterdam, Netherlands | CEDHA
blog
external news
our news

Belgian campaign puts banks under pressure to stop investing in Burma

Municipalities for Burma
2006-03-16 | Belgium | Netwerk Vlaanderen
blog
external news
our news

ING and AXA invest in the modernisation of white phosphorus weapons

The preparation of a new Fallujah?
2006-03-13 | Brussels, Belgium | Netwerk Vlaanderen
blog
external news
our news

Belgian bank groups invest in companies that abuse human rights

Press Release Netwerk Vlaanderen
2006-01-11 | Brussels, Belgium | Netwerk Vlaanderen
blog
external news
our news

Complaint filed with ING and BBVA On Pulp Paper Projects in Uruguay

Banks asked to assess Equator Principles compliance
2005-12-16 | London | CEDHA
blog
external news
our news

ING partly disinvest from controversial weapons

2005-03-29 | Brussels | Netwerk Vlaanderen

Documents

| | | | | | | | | | | |
Type:
Year:
annual reports

Human Rights Report 2018

2019-07-24 00:00:00 | ING
our publications

Annual General Meeting Shareholder Briefing ING

2019-04-17 00:00:00 | BankTrack
annual reports

Annual report 2018

2019-03-11 00:00:00 | ING
correspondence

Letter from Civil Society Groups to Companies linked to Vale on Breakdown of Brumadinho tailings dam

2019-02-21 00:00:00 | Civil Society Groups
csr policies

Statement on human rights

Date listed represents date as accessed on website
2019-02-12 00:00:00 | ING
csr policies

Ethical principles

Date listed represents date as accessed on website
2019-02-12 00:00:00 | ING
csr policies

Business principles

2019-02-12 00:00:00 | ING
our publications

Coal plant developers: 2018 research analysis

2018-12-05 00:00:00 | BankTrack
bank documents

The Katowice Commitment

2018-12-04 00:00:00 | ING, BBVA, BNP Paribas, Société Générale, Standard Chartered
ngo documents

Still Undermining our Future?

Fair Finance Guide Netherlands
2018-11-27 00:00:00 | Amnesty International, FNV, Milieudefensie, Oxfam Novib, PAX, Profundo and World Animal Protection
correspondence

Letter from BankTrack and 120 organisations to ING on Demands FBNT campaign

2018-10-16 00:00:00 | BankTrack and 120 organisations
ngo documents

Assessing the response of Dutch banks to severe human rights abuses in the extractive industry

2018-10-09 00:00:00 | Fair Bank Guide
bank documents

ING Loan Portfolio 2017

Detailed breakdown of ING's lending by NACE classification code, as at 31 December 2017
2018-08-09 00:00:00 | ING
correspondence

Letter from FoE Japan and 170 NGOs to Japanese government, JBIC, JICA, NEXI on Japanese government must stop financing Cirebon and Indramayu coal power plants

2018-05-18 00:00:00 | FoE Japan and 170 NGOs
csr policies

Standpunt van de ING over de financiering van kernwapens

2018-03-29 00:00:00 | ING
annual reports

Annual report 2017

2018-03-08 00:00:00 | ING
csr policies

Environmental and Social Risk Framework

2017-12-12 00:00:00 | ING
correspondence

Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO

2017-06-06 00:00:00 | Rainforest Action Network et al
our publications

ING Coal Bank Briefing 2017

2017-05-08 00:00:00 | BankTrack
our publications

The Cirebon 2 coal power plant and the Equator Principles

2017-04-03 00:00:00 | BankTrack and Greenpeace
annual reports

Annual report 2016

2017-03-31 00:00:00 | ING
correspondence

Letter from BankTrack to Thun Group on concerns regarding Thun Group discussion paper on human rights

2017-03-14 00:00:00 | BankTrack
other documents

Comments on Thun Group of Banks Discussion Paper

on the Implications of UN Guiding Principles 13 & 17 In a Corporate and Investment Banking Context
2017-02-21 00:00:00 | Prof. John G. Ruggie
correspondence

Letter from BankTrack and others to Thun Group of Banks on Significant Concerns Regarding Thun Group Discussion Paper

2017-02-14 00:00:00 | BankTrack and others
ngo documents

Dirty Bankers

How HSBC is financing forest destruction for palm oil
2017-01-17 00:00:00 | Greenpeace
correspondence

Letter from 500 organisations to ING on financing DAPL

2016-11-30 00:00:00 | 500 organisations
correspondence

Letter from BankTrack et al. to ING on EPH financing

2016-07-05 00:00:00 | BankTrack et al.
our publications

Banking with Principles? Second Edition June 2016

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2016-06-30 00:00:00 | BankTrack
our publications

Shorting the Climate

Fossil Fuel Finance Report Card 2016
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
our publications

Poland – Banks funding the dirtiest form of coal

2016-06-13 00:00:00 | BankTrack
annual reports

Annual report 2015

2016-03-31 00:00:00 | ING
csr policies

Policy for prevention of laundering of proceeds of crime and financing of terrorism

2016-03-20 00:00:00 | ING
csr policies

ING Statement on Climate Action

2016-03-03 00:00:00 | ING
csr policies

Energy policy

2016-02-15 00:00:00 | ING
csr policies

Policy for animal welfare

2016-02-08 00:00:00 | ING
ngo documents

EU Investors, Land Grabs and Deforestation: Case-Studies

Briefing note
2015-06-15 00:00:00 | Fern
csr policies

ING Environmental Approach

2015-05-21 00:00:00 | ING
annual reports

Annual Report 2014

2015-03-19 00:00:00 | ING
annual reports

Sustainability Report 2014

2015-03-19 00:00:00 | ING
our publications

Banking with Principles?

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2014-12-02 00:00:00 | BankTrack
csr policies

Supplier terms of engagement

2014-11-27 00:00:00 | ING
ngo documents

Dirty Profits III

Reporting on Companies and Financial Institutions Benefiting from Violations of Human Rights 
2014-10-01 00:00:00 | Facing Finance
our publications

Coal Finance Report Card 2014

Extreme Investments; Extreme Consequences
2014-04-17 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
csr policies

Policy on Human Rights

2014-02-06 00:00:00 | ING
annual reports

2013 Annual Report 2013

2014-01-01 00:00:00
annual reports

2013 Sustainability Report ING

2014-01-01 00:00:00
csr policies

Principles for Sustainable Insurance

2014-01-01 00:00:00 | ING
csr policies

ING other policies

2013-05-02 00:00:00 | ING
annual reports

ING Group Sustainability Report 2012

ING in society
2013-03-22 00:00:00 | ING
annual reports

ING Group annual report 2012

Taking charge of change
2013-03-21 00:00:00 | ING
ngo documents

Dirty Profits

Report on Companies and Financial Institutions Benefiting from Violations of Human Rights
2012-12-19 00:00:00 | Facing Finance
ngo documents

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin
ngo documents

ING Group N.V.

Selected CSR issues in 2011
2012-05-19 00:00:00 | Somo
other documents

2011 Global Investor Statement on Climate Change

2011-10-19 00:00:00 | IIGCC, INCR, IGCC, UNEP-FI, PRI
ngo documents

ING-Selected CSR issues in 2010

2011-05-10 00:00:00 | SOMO
other documents

Bankers Oath Netherlands

2011-02-01 00:00:00
ngo documents

Eerlijke Bankenwijzer - 8e update

2011-01-27 00:00:00 | Profundo
bank documents

Financial Economic Crime

2011-01-04 00:00:00 | ING
correspondence

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
bank documents

Alleen duurzame visserij nog kansrijk

2010-12-01 00:00:00 | ING
other documents

Commissie Code Banken

2010-09-09 00:00:00 | Nederlandse Vereniging van Banken
ngo documents

Bankers on Tenterhooks - Climate change : co-funded by banks operating in Belgium

2010-06-02 00:00:00 | Netwerk Vlaanderen
our publications

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
ngo documents

Summary Table 'Hall of Fame and runners-up'

2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
ngo documents

Aandelen in klimaatverandering / Shares in climate change (in Dutch, with English summary)

2008-11-05 00:00:00 | Milieudefensie
bank documents

Creating and selling carbon credits

2008-05-01 00:00:00 | ING
ngo documents

Profiles of European Banks

2008-01-11 00:00:00 | Ceres
ngo documents

Investing in climate change: Dutch banks compared

2007-06-09 00:00:00 | Friends of the Earth Netherlands - Milieudefensie
bank documents

ING to become climate neutral

2007-01-29 00:00:00 | ING
ngo documents

Investing in Climate Change: the role of Dutch banks

2006-06-07 00:00:00 | Milieudefensie
bank documents

Compliance policy

2005-07-01 00:00:00 | ING
ngo documents

Banks Disarm(ed)

2005-05-01 00:00:00 | Netwerk vlaanderen

Media

Photos from Re:Common's Punta Catalina fact-finding mission

Green March protestors keep up the pressure on Dominican Republic's president, as the Odebrecht corruption scandal continues, August 2017. View of the Punta Catalina construction site, August 2017. Some Punta Catalina coal project greenwash, August 2017 Green March protestors outside the Punta Catalina construction site, August 2017. The Punta Catalina construction site, August 2017.

Coal funeral at Deutsche Bank, ING & BNP Paribas

Netwerk Vlaanderen action against ING





Links

Reactie ING op publicatie van IKV Pax Christi en Oxfam Novib

(In dutch)
http://www.ing.nl/nieuws/nieuws_en_persberichten/2012/07/reactie_ing_op_publicatie_van_ikv_pax_christi_en_oxfam_novib.aspx

Bankwijzer

Belgian Fair Finance Guide
http://bankwijzer.be/nl/bankwijzer/banken/ing-bank/

ING on its role in oil and gas financing

https://www.ingcb.com/insights/articles/sector-view-oil-and-gas

ING's corporate sustainability pages

https://www.ing.com/ING-in-Society/Sustainability.htm

Eerlijke Bankwijzer

Dutch Fair Finance Guide

http://eerlijkegeldwijzer.nl/bankwijzer/banken/ing-bank/

Greenwash-ING.be

http://greenwash-ing.be/nl/

Policies

Voluntary initiatives

ING has committed itself to the following voluntary standards:

Investment policies

ING's web page on corporate social responsibility can be accessed here.

Year:
csr policies

Statement on human rights

Date listed represents date as accessed on website
2019-02-12 00:00:00 | ING
csr policies

Ethical principles

Date listed represents date as accessed on website
2019-02-12 00:00:00 | ING
csr policies

Business principles

2019-02-12 00:00:00 | ING
csr policies

Standpunt van de ING over de financiering van kernwapens

2018-03-29 00:00:00 | ING
csr policies

Environmental and Social Risk Framework

2017-12-12 00:00:00 | ING
csr policies

Policy for prevention of laundering of proceeds of crime and financing of terrorism

2016-03-20 00:00:00 | ING
csr policies

ING Statement on Climate Action

2016-03-03 00:00:00 | ING
csr policies

Energy policy

2016-02-15 00:00:00 | ING
csr policies

Policy for animal welfare

2016-02-08 00:00:00 | ING
csr policies

ING Environmental Approach

2015-05-21 00:00:00 | ING
csr policies

Supplier terms of engagement

2014-11-27 00:00:00 | ING
csr policies

Policy on Human Rights

2014-02-06 00:00:00 | ING
csr policies

Principles for Sustainable Insurance

2014-01-01 00:00:00 | ING
csr policies

ING other policies

2013-05-02 00:00:00 | ING

Campaigns

ING and the Equator Principles

The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.

The Equator Principles exist already since 2003. ING adopted the Equator Principles in 2003.

Reporting on the Equator Principles

ING must report annually on its implementation of the Equator Principles. All information is supposed to be found here.

Dodgy Deals

ING is involved in financing the following Equator Principles projects that BankTrack considers controversial.

Active

Cirebon 2 coal power plant Indonesia

energy plants - coal
Active

Punta Catalina-Hatillo coal power plant Dominican Republic

energy plants - coal
Active

Trans Adriatic Pipeline (TAP) - international -

oil and gas
Active

Trans Mountain Pipeline Expansion project (TMEP) Canada

oil and gas | transport and infrastructure
On record

Baku-Tbilisi-Ceyhan oil pipeline Azerbaijan

oil and gas
On record

Camisea pipeline project Peru

oil and gas
On record

Kashagan oil project Kazakhstan

oil and gas
On record

Nam Theun 2 dam Laos

energy plants - dams
On record

SOCAR Aegean Refinery Turkey

energy plants - coal | oil and gas

Human rights

True leader Front runner Follower Laggard
BankTrack has assessed ING on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. ING is assessed as a Follower, with a total score of 5.5/12.
Policy: 3/3Due dilligence: 2/3
Reporting: 0.5/3Remedy: 0/3
For more details, see Banking with Principles? 2016 update.

Equator Principles

Implementation and reporting

ING is reporting on the implementation here.

Contact and complaints

You may also want to directly contact the department of ING that is responsible for the Equator Principles (keep us informed):

14

Equator Principles Dodgy Deals

Projects

Active

Cirebon 2 coal power plant Indonesia

energy plants - coal
Active

Punta Catalina-Hatillo coal power plant Dominican Republic

energy plants - coal
Active

Trans Adriatic Pipeline (TAP) - international -

oil and gas
Active

Trans Mountain Pipeline Expansion project (TMEP) Canada

oil and gas | transport and infrastructure
On record

Baku-Tbilisi-Ceyhan oil pipeline Azerbaijan

oil and gas
On record

Camisea pipeline project Peru

oil and gas
On record

Kashagan oil project Kazakhstan

oil and gas
On record

Nam Theun 2 dam Laos

energy plants - dams
On record

SOCAR Aegean Refinery Turkey

energy plants - coal | oil and gas

Good moves

Year:

2018

ING stops financing new coal power plant in Dominican Republic

ING has stopped financing a new coal-fired power plant in the Dominican Republic, the bank informed the Dutch Fair Bank Guide today. The Fair Bank Guide welcomes ING's decision. The Fair Bank Guide, in collaboration with BankTrack and Greenpeace, has been calling ING for years to stop financing two new coal-fired plants,…

2017

Five European banks pressured not to tolerate corrupt practices at Dominican coal plant project

Mired in a major international corruption scandal, the proposed Punta Catalina coal plant in the Dominican Republic became untouchable for Deutsche Bank, ING, Santander, Société Générale and Unicredit in 2017. As the gravity of the situation surrounding the project’s construction…

ING raises the bar for coal finance restrictions, though more pushing still required

In December ING set a new bar in the commercial banking sector for restricting finance to companies involved in coal power, setting 2025 as its target date for reducing its exposure to coal power to ‘close to zero’. Its new commitments, which cover both lending and underwriting, will have impacts…

Six banks step away from Dakota Access Pipeline (DAPL) and backers

In February 2017, ABN AMRO, ING, BayernLB and Nordea all announced they would step away from financing either the project or its backers. In March, ING became the first bank to sell its portion of a project loan supporting the pipeline. This was followed by DNB and by BNP Paribas selling…

2015

Barclays, ING, PNC pull back from Mountaintop Removal

In 2015, US bank PNC, UK bank Barclays and Dutch bank ING all announced new commitments to cut finance for the controversial practice of mountaintop removal (MTR) coal mining. These banks join JPMorgan Chase, Wells Fargo, RBS, BNP Paribas, and UBS - banks that have already committed to cut ties…

Climate breakthrough as string of banks dump coal financing

In May, Bank of America and Crédit Agricole became the first major banks to announce plans to stop financing coal mining. These announcements marked a hugely significant win and a breakthrough moment in the fight to end financing for the coal industry. The second half of 2015, in the run-up to the…

2014

Thun Group of Banks agrees to consider remedy for victims of human rights abuse

In 2013 the seven-strong Thun Group of Banks' produced a discussion paper on banks' responsibilities under new UN human rights guidelines. BankTrack's response to the paper highlighted that the banks had failed to address their responsibility to provide access to remedy to victims of human rights abuses. After…

2006

ING withdraws finance for Botnia paper mill in Uruguay

The Center for Human Rights and Environment (CEDHA) in Argentina threw its support behind the ongoing campaign to stop the controversial Botnia paper mill in Uruguay and lodged the world's first ever Equator Principle compliance complaint against ING Group. ING subsequently withdrew its share in a US$480m finance…