Case Study: ING achieves sustainable financing and ESG benchmarking with EcoVadis

ING - Customer Case Study

ING, a global bank with a strong European base, faced the challenge of steering its lending portfolio toward net zero and supporting its clients' transition to sustainable business models. To achieve this, ING needed an objective way to validate and benchmark its clients' sustainability performance, which led them to partner with the vendor EcoVadis and utilize its sustainability ratings service.

The solution, an EcoVadis sustainability assessment, provided the third-party validation required. This allowed ING to structure a sustainability-linked loan for its client Kelag, where the interest rate margin was tied directly to the company's EcoVadis rating. As a result, Kelag secured a five-year €250 million revolving credit facility that incentivizes improved sustainability performance, with ING successfully facilitating the transaction.

ING

Leonie Schreve

Global Head of Sustainable Finance