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Article

8 May 2017

Author:
Janene Pieters, NL Times (Netherlands)

ING spokesperson comments on complaint

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Greenpeace, Milieudefensie, Oxfam Novib and BankTrack filed a joint complaint against ING over the bank's continued investment in fossil fuels. According to the organization, ING still invests billions of euros in fossil energy and is thereby violating OECD guidelines...This complaint was filed in time for ING's annual shareholders meeting. The organizations hope that the bank will make commitments on halting fossil fuel investments during the meeting. Arnaud Cohen Stuart, ING's business ethics manager, called the complaint unnecessary and rash in a comment to BNR. "Climate change is an important subject. We are busy with it", he said to the broadcaster. "They are right that we invest in fossil energy. With international organizations, that remains important until 2040, but it's about ensuring that we can become sustainable as quickly as possible." According to him, ING is transparent about its investments. "As far as transparency is concerned, we are a front runner."