ING Group

The Netherlands
Banks, Diversified Financials

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

ING Group supports ESG within its business practices, as a result, ING Group has cut ties with companies in the oil and gas industry. The company does not discriminate against religious organizations in its charitable giving and signed the Declaration of Amsterdam statement that dictates LGBTQ workplace inclusion. ING Group is a founding partner of  "Workplace Pride - International platform for LGBTIQ+ Inclusion at Work" which scores companies on LGBTQ standards. However, the company does provide viewpoint protections for its employees. For these reasons, ING receives a Medium Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

ING integrates ESG into all of its business practices. The bank works “to know our suppliers and ensure they share our commitment to fighting climate change” and its business relationships are guided by its Environmental Social Risk policy framework (1)(2). The company is decreasing financing to the oil and gas industry in the name of climate change but are increasing financing for renewables (3).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

ING does not discriminate against religious organizations in its charitable giving (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

ING Group protects its employees against viewpoint discrimination (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

ING signed the Declaration of Amsterdam statement that dictates LGBTQ workplace inclusion and has restricted finances to parts of the oil and gas field (1)(2)(3).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

ING Group is a founding partner of  “Workplace Pride – International platform for LGBTIQ+ (Lesbian, Gay, Bi-sexual, Transgender, Intersex and Queer) Inclusion at Work” which scores companies on LGBTQ standards (1).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
N/A
Rationale

ING Group does not operate a PAC at this time (1).

All links were last accessed and all information was updated on:
September 22, 2023

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