ING Bank N.V.

Amsterdam, Netherlands

ING Bank N.V. is a global financial institution that offers a diverse range of financial services including banking, investments, life insurance, and retirement services.

CCI Score

29.44

-0.01% April 18

Latest Event

ING Publishes Fifth Human Rights Report

ING Bank N.V. released its 2023 Human Rights Report, outlining its assessments of potential human rights impacts across its operational roles as an employer, procurer of goods and services, corporate lender, and provider of financial services. The report, based on the UN Guiding Principles on Business and Human Rights, demonstrates the bank's commitment to transparency and accountability in addressing labor and human rights issues.

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DISSENTER

ING Bank N.V. is currently rated as a Dissenter.

+25 to +44 CCI Score

These companies are vocal in their opposition to authoritarian regimes. They publicly criticize oppressive policies and engage in advocacy efforts to promote accountability and transparency, even if their actions aren’t as extensive as those of Moral Leaders.

Latest Events

FEB

27

2024

ING Publishes Fifth Human Rights Report
62.45

ING Bank N.V. released its 2023 Human Rights Report, outlining its assessments of potential human rights impacts across its operational roles as an employer, procurer of goods and services, corporate lender, and provider of financial services. The report, based on the UN Guiding Principles on Business and Human Rights, demonstrates the bank's commitment to transparency and accountability in addressing labor and human rights issues.
+70

Labor Relations and Human Rights Practices

March 22

By publishing its fifth human rights report, ING Bank N.V. shows proactive transparency in identifying, assessing, and addressing its human rights impacts. This initiative aligns with robust labor relations and human rights practices, indicating a commitment to ethical responsibility. Although further actions are necessary to fully mitigate potential impacts, the report is a positive step against systemic human rights abuses and contributes to efforts resisting authoritarian practices.

ING publishes fifth human rights report
OCT

01

2023

ING Bank N.V. Human Rights and Labor Practices Commitment
66.38

ING Bank’s Human Rights page details its robust commitment to upholding human rights both within its workforce and throughout its supply chain. The bank highlights longstanding human rights policies, comprehensive employee protections, and a rigorous supplier qualification process aimed at mitigating human rights risks.
+80

Labor Relations and Human Rights Practices

March 22

ING Bank demonstrates a strong commitment to labor rights and human rights within its operations. Its longstanding human rights statement, adherence to international standards, and policies ensuring safe, non-discriminatory work environments reflect best practices in labor relations and human rights practices.

Human rights
+75

Supply Chain Ethics

March 22

ING’s supplier qualification process (Know Your Supplier) shows its commitment to ensuring ethical practices in its supply chain. The regular due diligence and assessments on social, environmental, and human rights risks demonstrate responsible sourcing that avoids complicity in human rights abuses.

Human rights
JAN

20

2020

ING Bank Under Fire for Palm Oil Financing
-20.71

ING Bank is under scrutiny after NGOs lodged complaints alleging that the bank continued financing palm oil firms despite clear warnings regarding human rights abuses and environmental damages. The involvement in financing an industry linked to labor exploitation and environmental degradation has raised serious concerns about the bank's ethical responsibilities.
-40

Business Practices and Ethical Responsibility

March 22

ING Bank has been criticized for maintaining funding streams to palm oil companies even after being alerted to potential human rights abuses and environmental harm. This decision highlights a significant lapse in ethical business practices and raises concerns about the bank's accountability to social and environmental standards.

ING Bank Under Fire for Palm Oil Financing
-30

Labor Relations and Human Rights Practices

March 22

By financing the palm oil industry, ING Bank is indirectly supporting a sector notorious for poor labor conditions and human rights violations. This involvement contributes to the perpetuation of exploitative labor practices and undermines the rights and welfare of workers in the palm oil supply chain.

ING Bank Under Fire for Palm Oil Financing
NOV

19

2019

ING Human Rights and Supply Chain Transparency Initiative
46.54

ING Bank N.V. released a Human Rights Update report detailing its efforts to address human rights risks in its client supply chains, including issues like child labour and forced labour, through multi‐stakeholder engagements and enhanced due diligence measures.
+80

Supply Chain Ethics

March 22

The report outlines ING's proactive steps to tackle human rights risks in its client supply chains. By addressing issues such as child labour, forced labour, and indigenous rights through open dialogue with clients and collaboration with NGOs and governments, ING demonstrates a commitment to ethical business practices and transparency. This approach contributes positively by reducing the potential for complicity in human rights abuses.

Banks and human rights
APR

25

2006

Shareholders protest against ING investments in human rights abuses
-7.48

Shareholders expressed strong concerns over ING's investments in companies implicated in human rights abuses, arguing that such investments compromise the bank's ethical responsibilities and potentially support oppressive practices.
-50

Business Practices and Ethical Responsibility

March 22

The protest highlighted in the article challenges ING's investment practices, indicating that the bank may be complicit in indirectly supporting companies linked to human rights abuses. This reflects poorly on its business practices and ethical responsibility, as ethical investment is key to preventing financial support of oppressive regimes or abusive practices.

Shareholders protest against ING investments in human rights abuses