ING sees an increased score on the Carbon Disclosure Project

For Better Business

On September 12th, the Carbon Disclosure Project (CDP) released the Global 500 Climate Change Report. The report assesses the activities undertaken by the top global 500 companies listed on the FTSE Global Equity Index Series to reduce the risks posed by climate change. The report shows that ING has increased its score on the CDP from 93 in 2012 to 96 in 2013.

The Carbon Disclosure Project scores companies based on their efforts of measuring and reporting their carbon emissions and the integration of climate change factors into their business strategies. As per the Report, ING scores 96 (scale 100 - 0) on disclosing detailed information on its climate change management and received a B-score (A-D scale) on the performance in absolute emission performance. ING is classified in the ‘financials sector ‘where the average score is 79 B for the score/performance band. ING’s 2013 score represents a 3 point increase from 2012 from 93 to 96 points.

The report consists of the findings resulting from research by CDP based on questionnaires filled out by the major listed companies. It is written for companies, investors and policy makers that want to understand the climate change related risks and opportunities facing business. It assesses how businesses are addressing these challenges and eliciting competitive advantage from this.

The CDP is an independent not-for-profit organisation that works with investors to collect information from companies on their greenhouse gas emissions and assessment of climate change and water risk and opportunity.