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April 21, 2024

ING aims to bolster ESG portfolio in PH

The firm intends to boost its sustainable financing portfolio.

ING aims to further increase its sustainable financing portfolio in the country to support the government’s bid to address climate change. Bankero Hans Sicat, ING Country Head showcased how the bank’s financing for environmental, social and governance (ESG) projects continues to grow rapidly.
Sicat said the bank ended 2021 with 317 sustainable finance transactions, which is more than twice of what they had in the previous year. In the first half of 2022, the bank was involved in 205 sustainable finance transactions and said that it has set sustainable financing targets. The Banker further added that the bank’s domestic operations is noteworthy for mergers and acquisitions, corporate advisory and capital markets, and the bank intends to fortify its capabilities and position in these areas.