How ING achieved boardroom buy-in to launch its second green bond

ING this month began its second green bond transaction, launching a 12-year €1.5bn and seven-year €1.25bn green bond, just three years after unveiling its first green bond in what was then a fledgling market.

With the first bond having raised around €1.2bn for sustainable projects across all sectors, the generated funds from the second will be put towards a combination of ING’s new and existing loans in the renewable energy and built environment sectors.

Speaking exclusively to edie.net, ING's global head of sustainable finance Leonie Schreve explained that the bank’s past actions on green bonds and its willingness to lead the green finance market as it develops were “instrumental” to the launch of the new bond.

 

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