A sustainable finance pioneer issued a rallying cry for banks and their clients to set more ambitious ethical goals when selling debt.
ING Groep NV, which says it created the first loan tied to a client’s sustainability performance in 2017, warned the burgeoning market’s credibility is now at risk. Sustainability targets linked to financing must be ambitious, recognized industry-wide and verified by a reputable independent party, the lender said in a statement on its website Thursday.
