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Company Response

16 Jul 2018

ING response

“The report states that ING has sufficient mining policies. At the same time, suggestions for improvement have been made in the report, notably in the area of transparency. We welcome these suggestions. Sustainability is a dynamic topic that is influenced by societal changes and therefore correspondently changes over time. This year (2018) we are revising our policy framework and have also requested input from NGO’s on our policies. In this manner we hope to cover the most relevant concerns related to extraction. An example thereof was already published late last year when we were the first global bank to publish a target on financing to coal power generation, reducing our exposure to close to zero by 2025. This was on top of our earlier (2015) announced policy to no longer finance new coal fired power plants and thermal coal mines.”