ING GROEP Advances Climate Strategy, Ends Certain Financing

ING GROEP (GB:0RIC) has released an update.

ING GROEP has published its annual Climate Progress Update, emphasizing enhanced client engagement and the expansion of its ‘Terra’ approach to steer carbon-intensive sectors toward global climate goals. The bank is ceasing new financing to pure-play upstream oil & gas companies and will halt financing for new LNG export terminals after 2025. Additionally, ING has incorporated the aluminum and dairy sectors into its climate strategy, aiming to align a total of twelve sectors with climate objectives.

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