Sustainability management
At ING, we conduct business in an ethical, responsible and sustainable way. This is due to our values, defined in Orange Code. We understand that our actions affect many stakeholder groups.
We respect the human rights. This is a basic, universal value that is reflected in particular aspects of our business. We know that our responsibility is to support diversity and equal opportunities.
We act in accordance with international standards - the Universal Declaration of Human Rights and the principles of the United Nations Global Compact. We are a signatory of the Diversity Charter.
We feel responsible for our impact on society, the environment and the economy, we actively work to achieve the UN Sustainable Development Goals. We implement the commitments of the Green Statement 2021 of the ING Bank Śląski S.A. Group. The directions of our commitment to sustainable development are set out in the ESG Strategy of the ING Bank Śląski S.A. Group.
Below we present strategic decisions in the area of environmental commitments, including climate commitments, resulting from the above-mentioned documents.
- By the end of 2025, we will steadily downsize (until total repayment) the current credit exposures extended to individual coal power plants.
- After 2025, we will not provide funding to clients running business directly based on thermal coal in more than 5%.
- By the end of 2023 we will have allocated PLN 4.5 billion in the corporate area for financing of Renewable Energy Sources (RES) and green projects.
- By the end of 2023 we will have allocated PLN 500 million for providing support to local government units in their investments in green projects.
- Further support and promotion of electromobility, cooperation with partners in the construction of charging stations and promotion of using electric vehicles included. By the end of 2023, ING Lease Polska will provide PLN 300 million of financing for electric/hybrid vehicles.
- In the individual clients segment, we will implement an offer for financing prosumer energy projects.
- We will set up a grant fund of PLN 2 million annually for start-ups and young Polish scientists to implement sustainable development projects.
- By 2040, we will have reduced the share of our funding provided to the fossil fuel industry (coal excluded as we do not fund it) by 19% as compared to 2019.
New committees
In 2022, the Management Board of ING Bank Śląski established two committees in the organizational structure of the bank: ESG Council and ESG Risk Committee. These committees perform decision-making functions in the area of ESG, including issues related to climate change, for all organizational units of the bank and advisory functions for the Management Board for matters requiring its approval.
ESG Risk Management
The Management Board of our bank, the Supervisory Board and the management staff emphasize the issue of risk and opportunity identification and ESG risk management in the bank.
About risk managementInterdisciplinary cooperation and knowledge sharing
In order to achieve the objectives of the ESG Strategy, we have adopted two approaches.
The ESG Transformation Program
It was established to implement new, complex, multi-threaded tasks.
Interdisciplinary teams – guilds
Here are implemented relatively homogeneous topics, which we have been continuing for a long time and where we have already reached the appropriate level of maturity.