Tobacco
Tobacco has a long history of recreational use in society. In more recent years however, growing health concerns have prompted a shift from acceptance to exclusion.
As a bank with sustainability at the core of our strategy, we recognise our role to contribute to society’s wellbeing. ING’s biggest impact is through our financing, which is why we have decided to take the next step in our approach to tobacco.
ING has stopped financing wholesale clients active in the growing, trading, processing and manufacturing of tobacco products. Our current exposure to tobacco is close to zero and it will run off as standing commitments reach their financial maturities. Our definition of tobacco includes next generation products such as e-cigarettes and other types of nicotine consumer products such as chewing tobacco.
We underlined our commitment by signing up to the Tobacco Pledge (PDF 0,4 MB).
You might also be interested in:
- Our policies
- From theory to practice
- What do independent specialists say about sustainability and ING?
Contact
- Mail to: Sustainability@ing.com