Business of Sustainability: ING & their Net Zero Commitments
What role do banks play in fighting climate change? Hear how ING are moving towards Net Zero.
The global climate crisis we are facing is impacting society, business and our environment. It is widely accepted that there needs to be radical change to the way we do business with an immediate focus on the next decade. We need to put in place more sustainable systems, that will allow us to meet the climate change targets set by the Paris Accord. Across the globe, businesses, both small and large, are making changes to the way they function to reduce their carbon impact and operate in a manner that will allow them to remain investible.
Join us for our event with ING, where we consider the role banks can play in fighting climate change. Since 2018, ING has committed to steering its lending portfolio towards the goals of the Paris agreement. One year after making this commitment, ING published its first Terra report, a detailed description of its portfolio current emission intensity and the bank strategy to reach its climate goals – a world-wide first of its kind. Since then, ING increased its ambitions by committing to Net-Zero by 2050 through the Net Zero Banking Alliance.
In this presentation, Alberto and Stefanie will share how ING uses the Terra approach to measure and steer its lending book. They will deep dive into a few sectors on which ING reports to demonstrate how they work with methodologies. Looking towards the future, Alberto and Stefanie will also share their outlook for sustainability in banking, including the challenges and opportunities that banks and financial institutions are facing.
With Glasgow hosting COP26 in November there is a focus on how businesses will respond. Over a series of six webinars, we will hear from a range of companies, large and small, global and local who are responding to these challenges.
Alberto Gervasini is the Terra lead in ING Group Sustainability. Originally from Italy, Alberto held various positions in ING since 2016 in both risk management and sustainability, working in the Milan, Sydney and Amsterdam office.
Stefanie Kooistra works as a Sustainability Advisor in ING Group Sustainability’s Terra squad. She has worked at ING since 2015 in various teams and locations including innovation, strategy and commercial real estate in Frankfurt, London and Amsterdam.
Part of the COP26 activities at the College of Social Sciences, University of Glasgow