ING Transforms Client Engagement with ESG.X Climate Transition Plan Tool

Written
18.09. 2024
Author
ING
Source
ING
Social
ING, the Netherlands’ headquartered global financial institution, is reshaping its client engagement strategy with a focus on accelerating climate transition through innovative tools and proactive monitoring. A step towards this shift is the development of ESG.X, a new online platform that collects and analyzes publicly disclosed climate transition data from wholesale banking clients. By assessing factors such as emissions, targets, governance and strategy (see figure below), ESG.X generates a Client Transition Plan (CTP) score, offering insight into how clients are progressing. This tool aligns with industry standards like CDP, SBTi and TCFD.
ING plans to enhance ESG.X in 2025 by expanding its scope to include more clients, capture private company data and assess broader environmental and social topics. ING also intends to make the tool externally available, helping peers and clients alike accelerate their own climate transition efforts. This data-driven approach will not only identify clients making progress but also uncover the barriers and opportunities that shape their transition journeys.