ING has become the first systemically important global bank to have its climate goals validated by the Science-based Targets Initiative (SBTi). These targets are confirmed to be in line with efforts to limit global warming to 1.5 degrees Celsius.
The bank has set specific targets to reduce its Scope 1 and Scope 2 emissions by 2030. Additionally, ING has established portfolio targets related to its fossil fuel financing, demonstrating a comprehensive approach to climate action.
This validation positions ING as a leader in sustainable finance among global banks. It underscores the bank's commitment to embedding sustainability at the core of its operations and lending practices, enhancing its environmental, social, and governance (ESG) profile.
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