Dutch bank wins environmental reporting award

Financial group "sets example to service companies", nominated for European award

The annual award for corporate environmental reporting in the Netherlands has been won by the banking services group ING for their 1998 environmental report. The award, launched in 1995, is made by the Dutch professional body of accountants, Nivra, and the association of environmental accountants (VMA). In a statement yesterday Nivra praised the environmental report for its clear structure and being easy to read. It also found the report to "progressive," even though it came from a sector often described as "traditional". Internal and external environmental impacts had been addressed and the report provided "an example for other banks and service organisations". The judges noted, however, that other improvements could have been made, for example, in the role played by environmental aspects in investment and lending policy as well as ING's environmental management system. ING's report will now go forward with another nominated company's report from the Netherlands for the next European environmental reporting awards, which are due to be announced next April. Roger Adams of the United Kingdom accountancy professional body (ACCA) - one of the leading proponents of the European scheme - told ENDS Daily that sponsoring bodies met last week and agreed that, in future, each country should put forward their national award winner and no more than one other company. He added that an Austrian organisation had now joined the European scheme, bringing the total number of participating countries to 11 (ENDS Daily 28 June).

Follow Up:
VMA, tel: +31 20 3010352. References: ING's environmental report is available at http://www.inggroup.com/uk/annual.html

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