ING | Sustainability Performance

SBTi targets and commitments

Target details

Headline target: ING’s portfolio targets cover 63% of its total investment and lending by financed emissions as of 2021.(1) As of that year, required activities made up 90% of ING’s total investment and lending by financed emissions, while optional activities made up 10%. In terms of total assets, ING’s portfolio targets cover 5% of its total investment and lending as of 2021. As of that year, required activities made up 37% of ING’s total investment and lending by total assets, while optional activities made up 38% and out of scope activities made up 25%. (1) These targets cover 67% or more of the financial institution’s Portfolio Target Boundary as required in FI-C15. These targets and coverage % do not include third-party asset management activities. Third-party asset management activities (discretionary mandates) made up 3% of total investment, lending and asset management activities by total assets and assets under management. ING notes that the total assets used in the financed emission calculation of the loan book cannot be reconciled to the financial reports values used in its Annual Report, as the former metric excludes the fair value adjustments on hedged items, deferred acquisition cost and some other reserves. Full target: https://sciencebasedtargets.org/resources/files/Target-language-and-summary_ING.pdf