ING, a global financial institution of Dutch origin, announced that it has committed to purchase wind energy for 100% of the electricity it uses for its U.S. facilities. Under a two-year agreement with Community Energy, Inc., ING will buy 70 million kilowatt-hours (kWh) of renewable energy certificates (RECs) for its U.S. facilities, which house about 10,000 employees. Part of the purchase through Community Energy, Inc. includes participation in the CTCleanEnergyOptions program, which entitles ING to designate a free solar energy system to a local community. ING's online banking unit, ING DIRECT, plans to purchase renewable energy starting in January.
ING has announced a goal of becoming carbon-neutral by the end of 2007, which it plans to achieve through its green power purchase, increased energy efficiency, and offsetting all remaining CO2 emissions through reforestation projects. ING currently offsets all of its global business travel by supporting the planting and rehabilitation of 300 hectares of degraded tropical rainforest in Malaysia.
News Release - ING to Power All U.S. Operations with Wind Power