We are a global financial institution with a strong European base, offering banking services. We draw on our experience and expertise, our commitment to excellent service and our global scale to meet the needs of a broad customer base, comprising individuals, families, small businesses, large corporations, institutions, and governments. Our customers are at the heart of what we do.
Our more than 53,000 employees offer retail and commercial banking services to 38.7 million retail customers in over 40 countries. Our strengths include our well-known, strong brand with positive recognition from customers in many countries, strong financial position, omnichannel distribution strategy, and international network. Moreover, ING is currently among leaders in the Dow Jones Sustainability Index ‘Banks industry’ group.
The movement towards more sustainable and green practices within the commodities industry has been gathering momentum over the last few years. The launch of the EU's ambitious taxonomy on sustainable financing will no doubt help to accelerate this even further and could have wide ramifications across the European commodity sector. This presentation will shine a light on the EU's action plan and help delegates to understand what the legislation could mean for the financing of specific commodities going forward.
The announcement that key commodity finance banks will no longer be financing the trade of commodities has shocked the industry. In the wake of this news, this session will paint a clear picture of the APAC commodity financing scene. Which banks are leading the way when it comes to financing certain commodities and where can traders turn to when in search of liquidity? Are small and medium sized traders getting access to the funding they need and what options are available to them?