ING integrates sustainability into executive pay
Author: Daniel Brooksbank, Responsible Investor , Published on: 8 April 2010
Dutch banking and insurance giant ING says that “social, ethical and environmental objectives” will form a part of top management pay…And there will be a programme for senior managers to working on real-life cases at NGOs in developing countries… The group will not finance companies that are involved in the production, maintenance or trade of anti-personnel landmines, cluster munitions, depleted uranium ammunition, biological or chemical weapons. It said: “ING will…wherever legally possible and independently enforceable by ING, ensure customer funds are not placed in such companies through ING managed funds.” ING has created a “Restrictive List” of companies considered to be the worst offenders...
Related companies: ING