Company: INGVF
Filing Date: 2025-03-06
Form Type: 20-F
Source: 0001628280-25-010764
Chunk: 177

Company: ING GROEP NV
Filing Date: 2025-03-06
Form: 20-F
Item: Item 6
Chunk 177
---
RRF comply with relevant international and local legislation and regulations. 

Wider workforce remuneration principles 
The remuneration decisions for the wider workforce are a result of the application of our remuneration principles in respect of 2024. Our remuneration principles apply to all employees and comprise the following:

Remuneration principles                                                                                                                                                                                                                                                                   
Attract and retain to deliver ING's strategic goals Support ING's ambition to be the best European bank by attracting, retaining, and rewarding qualified employees who have the desired values, skills, behaviours, and knowledge to deliver this goal with market competitive pay.      
Pay for performance Define a clear link between the group, business line, and employee performance and individual remuneration, motivating, recognising, and rewarding long-term sustainable value.                                                                                       
Fair and transparent Foster transparency and fairness on how remuneration is determined, ensuring fair and equitable determination of remuneration, and enabling an inclusive and motivating work environment.                                                                            
Align with risk appetite and conduct Design rewards for employees to achieve results in line with ING's risk appetite and conduct expectations.                                                                                                                                           
Purpose led Reward business results achieved in a manner consistent with our Orange Code values and behaviours.                                                                                                                                                                           
Remuneration structure for wider workforce
Our remuneration principles are delivered through ING's reward package. The remuneration components and operation of our remuneration structure – set out in the table on the next page – applies to the wider workforce on a group-wide basis, subject to compliance with local laws and regulations. 

ING Group Annual Report 2024 on Form 20-F 

Contents       Part I         Part II        Part III       Additional information        Financial statements    

Remuneration component        Operation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
Fixed remuneration            ▪Fixed remuneration aims to attract, motivate, and retain qualified employees. ▪This may include base salary, fixed pay allowance, and other cash allowances in accordance with local market practices and regulations. ▪Fixed remuneration represents a sufficiently high proportion, in line with the level of knowledge, expertise and skills.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
Pension                       ▪Company pension is offered according to local market practice. A standard, defined contribution pension policy applies in each country. ▪No additional discretionary pension benefits are paid to employees over and above those acquired under an employer pension plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
Benefits                      ▪Benefits ensure