ING Bank Śląski has published the Integrated Annual Report for 2020 on the bank’s financial and non-financial activities, including environmental impact, social responsibility and corporate governance. One of the bank’s priorities is to support the energy transformation.
The integrated report, apart from the results and financial situation of the ING Bank Śląski Group, also includes the most important and interesting information on the business strategy, management and sustainable development, taking into account the economic, social and environmental context. The integrated report for 2020 also largely takes into account the impact of the COVID-19 pandemic, the effects of which are reflected in almost every area of the bank’s operations. An inseparable element of the integrated report is the Value creation model for the bank’s stakeholders.
One of the priorities of ING Bank Śląski’s operations is fighting the climate crisis. Since 2016, 100% of the electricity used by ING comes from renewable sources. Using green energy significantly affects the carbon footprint of a bank’s operations, reducing it by as much as 70%. Moreover, the bank is carrying out a project of producing its own, ecological energy. Photovoltaic panels were installed on the headquarters building in Katowice, thanks to which the bank generated 43,270 kWh of energy in 2020. Another installation, with a production capacity of 49.6 kWp, will power the ING building in Ruda Śląska. In addition, the bank is currently carrying out modernization works in the field of better efficiency of ventilation and air conditioning systems and energy demand of buildings. The purpose of the bank’s Environmental Program is reduction of CO2 emissions by 95% and reduction of electricity consumption by 50% by the end of 2030.
By financing sustainable investments, the bank is heavily involved in the transformation of the market in terms of the energy transition. In 2020 ING concluded renewable energy (RES) financing transactions for a total amount of PLN 920 million. The installed capacity of the onshore solar and wind farms covered by loans is as much as 490 MW. The expected annual energy production from installations located all over Poland is to reach about 755 GWh, which corresponds to an average energy consumption of 354 thousand four-person households. This will allow to avoid the emission of as much as 572 thousand tonnes of CO2 per year.
The report was prepared in accordance with the standards of the International Integrated Reporting Council (IIRC), as well as taking into account the global methodology of Global Reporting Initiative GRI Standards at the basic compliance level (Core).
Source and full press release: media.ing.pl
Direct link to report pdf version.
Cover picture: media.ing.pl