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Investing.com -- ING Groep (AS:INGA) NV, the largest bank in the Netherlands, is facing a legal challenge from an environmental nonprofit organization.
The lawsuit alleges that the bank has not adequately incorporated climate change considerations into its business operations.
The legal action was initiated on Friday, with the environmental group claiming that ING has a significant impact on climate change and must take responsibility for it.
According to the lawsuit, ING is required to not only fully disclose all emissions for which it is accountable but also to reduce those emissions by half.
The environmental nonprofit organization, in its lawsuit, is pressing the Dutch banking giant to fulfill its obligations towards climate change. The lawsuit seeks to enforce the bank’s responsibility to limit its impact on the environment, specifically through the reduction of emissions.
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