Ing Groep N.v. · EURONEXT:INGA
Ing Groep — Debt Investor Presentation (September 2024)
38 slides from Ing Groep's debt investor presentation, September 2024
Slide 1: Investor Presentation: ING Global Green Funding Framework
Investor Presentation ING Global Green Funding Framework ING Group Treasury Sustainability Team September 2024
Slide 2: Contents
Contents Item Slide Key updates to the Framework 3 Our Strategy 4 Sustainability Strategy & ESG Governance 5 Climate Ambition 13 ESG Reporting 19 ING Global Green Funding Framework 2024 22 External Engagement & recognition 33 2
Slide 3: Key updates to the Global ING Green Funding Framework
Key updates to the Global ING Green Funding Framework We updated our Green Bond Framework 2022 to the ING Global Green Funding Framework 2024. ING Group Framework Framework Strategy UoP & Governance Reporting ▪ ING’s Growing the difference ▪ Name change: Global Green Funding ▪ Update of SPO assessme
Slide 4: Executing our strategy to be the best European bank
Executing our strategy to be the best European bank Our strategic priorities growing the difference Purpose Empowering people to stay a step ahead in life and in business Superior value for customers Uniquely Strategic pillars Sustainability at the heart ING Providing Staying seamless digital servic
Slide 5: Sustainability Strategy & ESG Governance
Sustainability Strategy & ESG Governance
Slide 6: Sustainability has been on ING's agenda for decades
Sustainability has been on ING’s agenda for decades ▪ 1st Human Rights Report Launch of Introduction of First Sustainability Creation of ING Start of Sustainable ▪ 1st Terra Progress Report Sustainability Equity Sustainability Report Groenbank Lending Team ▪ ING Poland issues first Fund Improvement
Slide 7: Snapshot: Climate Action
Snapshot: Climate Action Sharper client engagement approach ▪ Continued focus on helping clients transition rather than exclusion ▪ Bespoke tooling for annual measurements of goals and disclosures ▪ If client unwilling or unable to progress over time, process to restrict or end relationship Better t
Slide 8: Our sustainability journey continues….
Our sustainability journey continues…. 2024 Publications ▪ ING published the first Nature Approach Report ▪ ING published the fifth Human Rights Report ▪ ING published the Climate Progress Update 2024 ▪ ING to publish the Global Green Funding Framework 2025 and beyond ▪ 2025 - First CSRD report expe
Slide 9: 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 10: Managing ESG Risk
Managing ESG Risk ESG Risk Governance Managing ESG Risk The ESG Risk Framework assists in managing ESG risk effectively The primary oversight for ESG risk through the application of risk management process at varying ESG Risk matters. Oversees the management levels of the organisation. The risk mana
Slide 11: Managing ESG Risk – ESG risk transmission channels
Managing ESG Risk – ESG risk transmission channels ▪ ESG factors (drivers of ESG risk) can lead to a negative financial and/or non-financial impact through a variety of transmission channels. Transmission channels refer to the causal chains that explain how the various risk drivers impact institutio
Slide 12: Our Environmental and Social Risk (ESR) framework
Our Environmental and Social Risk (ESR) framework For more information, please visit: Environmental and social risk (ESR) | ING 12
Slide 13: Climate Ambition
Climate Ambition
Slide 14: Our Climate Ambition
Our Climate Ambition At ING, our ambition is to help accelerate the transition - because it matters to us as a bank, to our clients and to society. Our activities are focused on the three areas where we believe we can make the greatest impact, based on what needs to happen in the global transition:
Slide 15: 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 Terra is our net zero climate-alignment approach1. We use it to steer the most carbon intensive parts of our loan book towards net zero by 2050 and engage with our clients to help them drive down the emissions generated by their busin
Slide 16: Terra developments 2024
Terra developments 2024 New sectors ING expended the Terra approach to cover aluminium and dairy. Oil & Gas ING extended the oil & gas target by sopping all new financing to pure-play1 upstream oil & gas companies that continue to develop new fields. Oil & Gas ING will stop financing new LNG export
Slide 17: The Terra Toolbox
The Terra Toolbox Overview of approaches applied, output types and data sources Please refer to Climate Progress Update 2024 for the sector deep-dives for further information. 17
Slide 18: Terra: Climate Alignment Dashboard
Terra: Climate Alignment Dashboard Please refer to Climate Progress Update 2024 for the sector deep-dives for further information. 18
Slide 19: ESG Reporting
ESG Reporting
Slide 20: ING's regular ESG reporting
ING’s regular ESG reporting ING Annual Report ING Climate Progress Update Green Funding Reporting ▪ In light of the Corporate Sustainability ▪ ING’s climate report shows how our ▪ ING publishes its allocation of net proceeds Reporting Directive (CSRD), ING has financing impacts climate change and ho
Slide 21: First publication of the ING Green Asset Ratio
First publication of the ING Green Asset Ratio In line with Article 8 of the EU Taxonomy Regulation European, ING’s Green Asset Ratio Reporting banks are required to disclose their Green Asset Ratio (GAR) in Summary of the main EU Taxonomy metrics - based on turnover the 2023 Annual Report1. € bln G
Slide 22: ING Global Green Funding Framework
ING Global Green Funding Framework
Slide 23: ING is dedicated to its Green Funding Programme
ING is dedicated to its Green Funding Programme Green Funding instruments objectives and added value 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
Slide 24: ING Global Green Funding Framework 2024
ING Global Green Funding Framework 2024 ▪ Our new ING Global Green Funding Framework has been assessed by a Second Party Opinion (SPO) and is aligned with the latest ICMA Green Bond Principles 2021. The framework is presented through below four pillars: Use of proceeds Project Evaluation and Selecti
Slide 25: Advising and financing our clients – Green Eligible Categories
Advising and financing our clients – Green 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, circular economy and help combat climate change. Commercial Real Estate
Slide 26: Use of Proceeds – Sustainable Classification Scheme
Use of Proceeds – Sustainable Classification Scheme ▪ We are implementing an internal classification scheme on selecting loans for the Eligible Green Loan Portfolio Are the ING’s ESG Due Diligence Parameter 1 requirements met1? Activity / Does the Use of Proceeds link to a project is not Parameter 2
Slide 27: Use of Proceeds – Eligibility Criteria
Use of Proceeds – Eligibility Criteria Green Buildings Residential & Commercial Real Estate Contribution to UN SDGs Category: Financing or refinancing new or existing buildings EU Taxonomy ▪ (7.7.) Acquisition and ownership of buildings Contribution to EU Environmental Objective1 ▪ Substantial Contr
Slide 28: Use of Proceeds – Eligibility Criteria
Use of Proceeds – Eligibility Criteria Renewable Energy Solar & Wind Contribution to UN SDGs Category: Financing or refinancing of production of renewable energy EU Taxonomy ▪ (4.1.) Electricity generation using solar photovoltaic technology ▪ (4.3.) Electricity generation from wind power Contributi
Slide 29: Green Eligible Assets – Geographic Overview
Green Eligible Assets – Geographic Overview ▪ We have expanded our portfolio of Green Buildings in Poland & Belgium Green Buildings Renewable Energy Netherlands, Germany, Poland, Belgium Global Portfolio The detailed asset allocation breakdown will be demonstrated in the Annual Green Funding Reporti
Slide 30: Project selection and management of proceeds
Project selection and management of proceeds ▪ Projects financed and/or refinanced through Green Funding Instruments proceeds are evaluated and selected based on compliance with the Eligibility Criteria. The proceeds are managed under the portfolio approach, where applicable, the bond-by- bond appro
Slide 31: Project selection – Framework Governance
Project selection – Framework Governance ▪ In 2023 the ING Green Bond Committee has been replaced by the Sustainable ALM SteerCo. The Sustainable ALM SteerCo meets monthly and is the final approver and advisor of key topics relating to ING Global Green Funding Framework. Framework Governance Partici
Slide 32: External Verification
External Verification SPO Opinion on the ING Global Green Funding Framework ▪ ISS’s overall evaluation of the Green Funding Framework’s sustainability quality of the eligibility criteria by ING is positive ▪ ING Green Funding Framework is in line with the latest ICMA Green Bond Principles ▪ Use of P
Slide 33: External Engagement & recognition
External Engagement & recognition
Slide 34: 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: August 2024 CCC B BB BBB A AA AAA ▪ Evaluation: ING's management of ESG material risk is ‘Str
Slide 35: 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 36: do your thing
do your thing
Slide 37: Important legal information (1/2)
Important legal information (1/2) Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/2014 (‘Market Abuse Regulation’). ING Group’s annual accounts are prepared in accordance wi
Slide 38: Important legal information (2/2)
Important legal information (2/2) This document may contain ESG-related material that has been prepared by ING on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. ING has not sought to independently verify information obtai
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