Natural Resources & Chemicals Sector Policy
The policy is designed to guide the financing of the natural resources and chemicals sector and amongst others refers to issues on labour rights, local communities, indigenous people, revenue transparency and biodiversity.
The policy is applicable to all ING Wholesale Banking engagements with
entities operating in:
a) Up and downstream oil and gas activities (from exploration to petrol stations);
b) Exploration and development of mines, quarries, and/or processing of minerals, etc.
c) All chemical processing and development activities.
ING refrains from engaging in the financing of plants in UNESCO World Heritage Sites, IUCN protected areas and areas registered by the Ramsar Convention.