With a score of 86 out of 100, ING is the number 1 out of 395 banks rated, up from third place and a score of 88 last year. The rating is an important one for ING Group, amongst other things because many investors use the Sustainalytics analysis as a basis for their decision-making.
This high score is an acknowledgement of ING’s strong policies, transparency, good financial results and a decrease in incidents of negative press on environment and governance-related issues, according to Sustainalytics.
“It’s like the Olympics — winning a gold medal is one thing, but keeping it is another,” says Leon Wijnands, ING’s Global Head of Sustainability. “I see this as recognition of the entire ING team. You can see it from the many elements that are measured, which reinforces the importance of integrating sustainability into all parts of the business.”
ING Group scores 90 out of 100 on social issues, receiving top marks for our financial inclusion efforts, stance on Human Rights, and strong diversity programme and anti-discrimination policy.
In addition, ING received a score of 90 on environmental issues, recognising the bank for its strong environmental policy, renewable energy targets and green procurement policy, for example. For governance, ING gets a score of 80 out of 100, recognising the organisation for strong policies on things like whistleblowing, bribery and money laundering.
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