Enviros who won historic Shell verdict targets Dutch banking giant
March 31, 2025
The ING logo adorns one of its bank buildings in Amsterdam. Peter Dejong/AP
A Dutch environmental group that won a watershed legal victory against one of the world’s largest oil companies is expanding its targets, filing a lawsuit against a banking giant it says has worsened climate change.
Milieudefensie/Friends of the Earth Netherlands on Friday filed suit in the Netherlands, arguing that ING — the nation’s largest bank — is jeopardizing the goals of the 2015 Paris climate agreement to limit global warming to 1.5 degrees Celsius.
The lawsuit seeks a court order requiring the multinational banking and financial services firm to reduce emissions in eight polluting sectors that it finances, including steel and aviation. It also asks for the Amsterdam-based company to stop financing businesses that are developing new oil and gas projects and to require climate plans from the large companies that it finances.
“ING must cease its participation in making the climate crisis worse by knowingly investing billions in polluting companies,” said Donald Pols, director of Milieudefensie.
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