Submitted by ING
ATLANTA. - October 28, 2008 - ING announced today that it has received a 2008 Green Power Leadership Award from the U.S. Environmental Protection Agency (EPA). The annual awards recognize the country’s leading green power purchasers for their commitment and contribution to helping advance the development of the nation's voluntary green power market. EPA presented ING with the award at an event held in conjunction with the 2008 National Renewable Energy Marketing Conference in Denver, Colorado.
ING was one of only nine organizations nationwide to receive a Leadership Award for its green power purchase. The award recognizes EPA Green Power Partners who distinguish themselves through purchases of green power from a utility green-pricing program, a competitive green marketer, or a renewable energy certificate (REC) supplier. ING is currently purchasing more than 75 million kilowatt-hours (kWh) of green power annually, which is enough green power to meet 100 percent of the organization's purchased electricity use. ING is buying renewable energy certificates from Community Energy.
"We are proud to receive this prestigious award from the U.S. Environmental Protection Agency," said Rhonda Mims, president of the ING Foundation and senior vice president of ING's Office of Corporate Citizenship and Responsibility. "Purchasing green power helps our organization become more sustainable, while also sending a message to other companies across the U.S. that supporting clean sources of electricity is a sound business decision and an important choice in reducing climate risk."
ING currently ranks No. 42 on EPA's National Top 50 list. Each list highlights EPA Green Power Partners that have completed the largest annual voluntary purchases through October 8, 2008. EPA updates its Top Partner Lists quarterly at http://www.epa.gov/greenpower/toplists/.
Green power is electricity that is generated from environmentally preferable renewable resources, such as wind, solar, geothermal, biogas, biomass and low-impact hydro. These resources generate electricity with a net zero increase in carbon dioxide emissions, while offering a superior environmental profile compared to traditional power generation sources. Green power purchases also support the development of new renewable energy generation sources nationwide.
"Our nation is shifting to a 'green culture,' with more and more Americans understanding that environmental responsibility is everyone's responsibility," said EPA Administrator Stephen L. Johnson. "EPA commends ING for making a long-term commitment to protecting the environment by purchasing green power."
According to the U.S. EPA, ING's current green power purchase of more than 75 million kWh is equivalent to avoiding the carbon dioxide (CO2) emissions of nearly 10,000 passenger vehicles per year, or is the equivalent amount of electricity needed to power more than 7,000 average American homes annually.
In addtion to its green power purchase, ING is also focusing on ways to reduce its environmental impact through waste reduction and energy efficiency initiatives, the addition of new recycled paper options for all offices, more robust recyling programs and eco-friendly procurement practices. A grass-roots, employee-led team called Orange Goes Greeen is also helping to build awareness among employees about how they can live "greener" at work and home, including supporting environmental volunteer opportunities.
ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of about 130,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.
In the U.S., the ING (NYSE: ING) family of companies offer a comprehensive array of financial services to retail and institutional clients, which includes life insurance, retirement plans, mutual funds, managed accounts, alternative investments, direct banking, institutional investment management, annuities, employee benefits, financial planning, and reinsurance. ING holds top-tier rankings in key U.S. markets and serves over 17 million customers across the nation.
ING's diversity management philosophy and commitment to workforce diversity, diversity marketing, corporate citizenship and supplier diversity fosters an inclusive environment for employees that supports a distinctive product and service experience for the financial services consumer.
For more information, visit www.ing.com.
About EPA's Green Power Partnership
The Green Power Partnership is a voluntary program that encourages organizations to buy green power as a way to reduce the environmental impacts associated with purchased electricity use. The Partnership currently has more than 1,000 Partner organizations voluntarily purchasing billions of kilowatt-hours of green power annually. Partners include a wide variety of leading organizations such as Fortune 500 companies, small and medium sized businesses, local, state, and federal governments, and colleges and universities. For additional information, please visit http://www.epa.gov/greenpower.
About the Green Power Leadership Awards
The U.S. Environmental Protection Agency (EPA) co-sponsors the annual Green Power Leadership Awards in conjunction with the U.S. Department of Energy and the Center for Resource Solutions. EPA recognizes winners in the following awards categories; Green Power Partner of the Year; On-site Generation; and Green Power Purchase. EPA's Purchaser awards recognize the exceptional achievement among EPA Green Power Partners who distinguish themselves through green power procurement, market leadership, overall green power strategy, and overall impact on the green power market. The Awards are held in conjunction with the National Renewable Energy Marketing Conference. For additional information please visit http://www.epa.gov/greenpower/awards/.
ING U.S. constitutes the U.S.-based retirement, investment management and life insurance operations of Netherlands-based ING Groep N.V. (NYSE: ING). In the U.S., the ING family of companies offers a comprehensive array of financial services to retail and institutional clients, including retirement plans, IRA rollovers and transfers, stable value, institutional investment management, mutual funds, alternative investments, life insurance, employee benefits, fixed and indexed annuities and financial planning. ING U.S. holds top-tier rankings in key U.S. markets and serves approximately 13 million customers across the nation. For more information, visit http://ing.us.
More from ING