Amsterdam-based global bank ING reported significant growth in its sustainable finance activity over the past year, with the bank mobilizing €166 billion in sustainable finance volume in 2025, increasing by 28% over the prior year.

The result, reported in ING’s quarterly “Sustainable Finance Pulse,” surpasses ING’s target to mobilize €150 billion annually by 2027 of financing that contributes to the bank’s clients’ transition to more sustainable business models. ING set the target in early 2024, increasing it from the bank’s prior sustainable finance goal of €125 billion by 2025.

Jacomijn Vels, Global head of Sustainable Solutions Group at ING said:

“The transition path is full of unknowns and can be messy, but it is also full of opportunity. We’re helping clients cut through the disorder to manage risk, unlock value and protect it for the long term.”

ING’s results also indicated strong growth in sustainable finance activity through the year, with volumes in Q4 2025 hitting €56 billion, the strongest quarter of the year, and up by 23% over Q4 2025.

By sustainable finance product category, ING noted strong growth in green loans, with the number of transactions growing by 45% in 2025 over the prior year. Green loans also surpassed sustainability-linked loans as the leading product category by number of transactions for the year.

By region, ING said that EMEA led with 56% of mobilized sustainable finance volume, followed by the Americas at 28% and APAC 11%. While representing the smallest share, ING noted that APAC reported record sustainable finance volumes, with the market remaining strong despite geopolitical challenges.

Within the Americas, ING reported that overall volumes remained steady, despite a sharp drop in private sector engagement in sustainable finance due to political factors, which was offset by increased social bond issuance by public entities.

In the report, ING said:

“Despite geopolitical uncertainty and evolving climate policies, many organisations continue to prioritise sustainability as a key strategy. Clients are advancing sustainable initiatives amid challenges like trade disruptions and political instability, recognising that sustainability investments support long-term climate goals, competitive advantage, resilient supply chains, and innovation.”