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Dutch bank ING to ditch climate laggards as clients

ING’s stance is in sharp contrast to many other financial institutions, especially in the US where banks such as Bank of America have loosened some climate targets.

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login London | Dutch bank ING will dump large clients it believes are not making sufficient progress on reducing their climate impact, in the latest sign of divergence between European and US banks over the risks of global warming. Chief executive Steven van Rijswijk said ING had put its clients on notice that it would either restrict or stop providing finance to companies that failed to address their carbon footprint on a case-by-case basis.

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