University of Twente Student Theses


Climate change at ING: supporting the strategic debate about implementation of the climate change policy

Leeuwendal, Jesse (2010) Climate change at ING: supporting the strategic debate about implementation of the climate change policy.

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Abstract:This research is executed on behalf of ING and is dedicated to provide useful information for the strategic debate about implementing the new Climate Change Policy of ING. The information that is provided can be divided into three main parts: 1) Portfolio impact analysis; 2) Benchmark of the policy; 3) Renewable energy research. The Climate Change Policy is a set of guidelines and restrictions that apply on business engagements of ING with companies in certain high greenhouse gas emitting sectors. Its goal is to move towards a low-carbon economy and to reduce the indirect impact of ING on the climate. Implementing the policy has consequences for ING. An amount of more than X Euro and Y companies are in scope of the policy. These companies should be screened to see if they comply with the guidelines and restrictions of the Climate Change Policy. The developed risk filter in this research is an easy applicable instrument to facilitate the screening process. The application on three business cases in this research shows that the actual impact of implementing the policy is less than expected since those clients are already compliant. ING is not the only financial institution that addresses climate change into their business. The benchmark concludes that five of the ten banks that are included in the research have a specific climate policy in place. HSBC and Standard Chartered are awarded as the best-in-class performers on several criteria and all peers present lessons for ING to learn in order to improve their own stand. Another way of moving towards a low-carbon economy and to address climate change into the business of ING is by financially engaging in renewable energy. Main opportunities in this sector are wind and solar projects. Also investing in energy efficiency is seen as a business opportunity for ING. To make use of these opportunities it is necessary for ING to implement a clear strategy on this topic, improve internal and external communication, ensure consistency within the organization and engage with governments, other banks and the industry to gain knowledge and to cooperate. The results of this research facilitate the implementation of the Climate Change Policy by offering useful information for the strategic debate. An overview of all conclusions and recommendations can be found in chapter 6, page 63.
Item Type:Essay (Bachelor)
ING Group N.V.
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:Industrial Engineering and Management BSc (56994)
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