Ing Groep N.v. · EURONEXT:INGA
Ing Groep — Debt Investor Presentation (May 2023)
33 slides from Ing Groep's debt investor presentation, May 2023
Slide 1: Green Bond Investor Presentation
Green Bond Investor Presentation ING Group Treasury Sustainability Management May 2023
Slide 2: Contents
Contents ▪ Sustainability strategy & governance ▪ Our sustainability ambition ▪ Financing the green transition ▪ External engagement & recognition ▪ ING Green Bond Framework 2
Slide 3: Sustainability strategy & governance
Sustainability strategy & governance
Slide 4: Sustainability has been on ING’s agenda for decades
Sustainability has been on ING’s agenda for decades Launch of Terra science-based First Sustainability Creation of ING Became Carbon ING issues its first methodology Report Groenbank Sustainability Neutral Green Bond developed Equity Fund 1997 1999 2005 2012 2017 1996 1998 2000 2007 2015 2018 Start
Slide 5: Sustainability at the heart of what we do
Sustainability at the heart of what we do Our Purpose Empower people to stay a step ahead in life and in business Our Strategic priorities Superior customer experience Sustainability Offer sustainable Volume mobilised* in Diversity & Inclusion 2022 Sustainability lending products to Intermediate 203
Slide 6: Sustainability direction
Sustainability direction ING wants to be a pioneer in defining new ways to do business. We want to be a banking leader in building a sustainable future for our company, our customers, society and the environment. We focus on climate action: We Collaborate We manage ▪ We lead by example by striving f
Slide 7: ESG governance
ESG governance ▪ The ESG Committee assists the Supervisory Board with matters relating to the various areas Supervisory Board of ESG, including the development of ESG strategy and its integration in the company, and generally monitoring and advising on relevant ESG developments. ▪ ESG is a regular t
Slide 8: Managing climate-related and environmental (C&E) risks
Managing climate-related and environmental (C&E) risks We have measures in place to protect our lending portfolio and customers; more details are included in our 2022 Climate Report. Governance & risk appetite Reporting & disclosure ▪ Climate Risk governance is part of ▪ Annual publication of Integr
Slide 9: Our sustainability ambition
Our sustainability ambition
Slide 10: Our focus SDGs are reflected in our Sustainability Direction
Our focus SDGs1 are reflected in our Sustainability Direction Environment Social Climate action Financial health Empowering our clients** Empowering our customers by focusing on: ▪ Aim to steer the most carbon-intensive parts of our portfolio ▪ Financial inclusion by making bank products accessible
Slide 11: Terra: Steering our loan book to reach net zero by 2050 or sooner
Terra: Steering our loan book to reach net zero by 2050 or sooner ▪ Our ambition is to steer the most carbon intensive parts of towards net zero by 2050 or sooner and contribute to keeping global warming within 1.5 degrees Celsius compared to pre-industrial levels. Our Terra approach is: Impact-base
Slide 12: The Terra Toolbox
The Terra Toolbox Overview of approaches applied, output types and data sources As published in our 2022 ING Climate Report. Please refer to the sector deep-dives for further information. * Target for alignment score 12
Slide 13: Terra: Climate Alignment Dashboard
Terra: Climate Alignment Dashboard As published in our 2022 ING Climate Report. Please refer to the sector deep-dives for further information. 13
Slide 14: Advising and financing the transition
Advising and financing the transition
Slide 15: ING sustainability product offerings
ING sustainability product offerings Product offerings for Retail and Business Banking customers Sustainable finance for Wholesale Banking clients1 Retail Banking Wholesale Banking ▪ Sustainable mortgage products in Netherlands, Germany, Poland, Italy and Romania ▪ Sustainability-linked structures ▪
Slide 16: Support the green transition finance need
Support the green transition finance need ING is well positioned to capture the opportunity Volume mobilised (in EUR bln)*** 22 17 Pioneered sustainability linked loans* Innovative Terra approach since 2018 1Q2022 1Q2023 Sustainability deals**** (#) Deep sector expertise 98 77 Top 10 renewable energ
Slide 17: External engagement & recognition
External engagement & recognition
Slide 18: Partnerships, memberships and endorsements
Partnerships, memberships and endorsements Engagement is an essential part of our Sustainability Direction. Our approach to engagement involves collaboration, listening and being transparent. ING endorses (is signatory of): ING is a member of, for example: ▪ Children’s Rights and Business Principles
Slide 19: External recognition of ING’s commitment to ESG
External recognition of ING’s commitment to ESG ESG ratings ING Groep N.V. Sustainability Index Products ING is regularly included in ESG and sustainability- focused indices, such as: ▪ Rating AA ▪ Updated: September 2022 CCC B BB BBB A AA AAA ▪ Evaluation: ING's management of ESG material risk is ‘
Slide 20: ING Green Bond Framework
ING Green Bond Framework
Slide 21: ING is dedicated to its Green Bond franchise
ING is dedicated to its Green Bond franchise Green Bond issuance objectives External consultants & providers ▪ Support meeting our sustainability objectives ▪ Second party opinion provider ▪ Fund growth in our Eligible Green Loan portfolio ▪ Continued leadership in the Green Bond market ▪ Renewable
Slide 22: ING Green Bond Framework
ING Green Bond Framework ▪ Our Green Bond Framework was updated in 2022 and has been assessed by a Second Party Opinion (SPO) and is aligned with the ICMA Green Bond Principles 2021. The framework is presented through below four pillars: Use of proceeds Project Evaluation and Selection ▪ ING will fi
Slide 23: Advising and financing our clients – Green Bond Eligible Categories
Advising and financing our clients – Green Bond Eligible Categories ▪ ING continues to fund companies and sectors that are helping the transition to a low-carbon economy. This includes funding projects that advance renewable energy, the circular economy and help combat climate change. By 2030, ING R
Slide 24: ING steps up renewable energy efforts and restricts financing of new oil & gas fields
ING steps up renewable energy efforts and restricts financing of new oil & gas fields Growing our renewable energy portfolio ▪ ING has worked hard over the years to build a power generation lending book that’s 59% renewables, outperforming by far the most ambitious climate goal of the Paris Agreemen
Slide 25: Use of Proceeds
Use of Proceeds ICMA GBP Contribution to Contribution to EU Environmental Eligibility criteria categories UN SDGs objectives and economic activity¹ Renewable Financing or refinancing of production of renewable energy: Substantial contribution to Climate Change Energy ▪ Solar energy Mitigation (Artic
Slide 26: Project selection and management of proceeds
Project selection and management of proceeds ▪ Projects financed and/or refinanced through Green Bond proceeds are evaluated and selected based on compliance with the Eligibility Criteria Compliance with the Eligibility Criteria Management of proceeds ▪ ICMA Green Bond Principles categories ▪ Eligib
Slide 27: Continuous growth in Eligible Green Loan Portfolio
Continuous growth in Eligible Green Loan Portfolio Total Eligible Green Loan Portfolio (in € bln) Eligible Green Loan Portfolio by category in 2022 (in € bln) 29.9 5.6 (17%) +25.0 17.4 2.8 (8%) 13.0 2.9 21.4 (9%) 8.5 (66%) 8.2 8.1 7.0 4.9 3.3 4.4 1.1 1.6 2.4 2.8 1.2 1.5 2.6 3.3 2.6 2.6 2.8 2018 2019
Slide 28: Allocation and Impact report: green commercial buildings
Allocation and Impact report: green commercial buildings Summary - FY2022 Use of Proceeds: green commercial buildings ▪ Based on the registered A energy labels and the top 15%, buildings in the ING green commercial building portfolio €2.9 bln 12,091 belong to the top most energy-efficient buildings
Slide 29: Allocation and Impact report: green residential buildings
Allocation and Impact report: green residential buildings Summary (the Netherlands) - FY2022 Summary (Germany) - FY2022 €17.3 bln 80,449 €4.1 bln 25,953 Total portfolio Number of buildings Total portfolio Number of buildings 12.1 mln 100,337 3.3 mln 63,163 m2 tCO2/year m2 tCO2/year * Building area A
Slide 30: Allocation and Impact report: renewable energy
Allocation and Impact report: renewable energy Summary – FY2022 Avoided emissions by technology Total avoided emissions (kton CO2eq) (# of operational projects) €5.6 bln* 215* 39% 61% Wind 2,599 (95) Solar 2,142 (73) Total portfolio Number of projects Avoided emissions (lhs) and avoided emissions pe
Slide 31: Second Party Opinion
Second Party Opinion Opinion on ING Green Bond Framework ▪ ISS’s overall evaluation of the Green Bond Portfolio by ING is positive ▪ ING Green Bond is in line with the Green Bond Principles ▪ Use of Proceeds significantly contribute to UN Sustainable Development Goals 7, 11 and 13 ▪ The key sustaina
Slide 32: do your thing
do your thing
Slide 33: Important legal information
Important legal information ING Group’s annual accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (‘IFRS-EU’). In preparing the financial information in this document, except as described otherwise, the same accounting principles are