Company: INGVF
Filing Date: 2025-03-06
Form Type: 20-F
Source: 0001628280-25-010764
Chunk: 160

Company: ING GROEP NV
Filing Date: 2025-03-06
Form: 20-F
Item: Item 6
Chunk 160
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.       ▪In recent years, shareholders continuously expressed their concerns about the low variable remuneration and low total remuneration levels of EB members.                                                                                                                                                                                                                                                                                                                                                                                    ▪Variable remuneration includes measures to drive our diversity and gender ambitions.                                                     
                              ▪We communicate with our employees through our ongoing engagement with the Works Council in the Netherlands on EB remuneration.                                                                             ▪Alignment of EB performance targets and variable remuneration serves as an important driver of the Company’s strategic priorities and long-term shareholder value creation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
                              ▪In recent years, this stakeholder group has focused on ensuring EB remuneration levels and decisions are acceptable to society at large.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
ING Group Annual Report 2024 on Form 20-F 

Contents       Part I         Part II        Part III       Additional information        Financial statements    
Executive Board remuneration
Executive Board remuneration policy
The Executive Board remuneration policy presents the remuneration approach designed to attract, motivate and retain leaders. Retention is an important goal since this contributes to long-term performance. In addition, delivery of both financial and non-financial KPIs, including ESG performance targets, contributes towards sustainable long-term value creation for stakeholders. 
The remuneration decisions for the EB are a result of the application of the remuneration principles in respect of 2024. The Executive Board remuneration principles comprise the following: 

Executive Board remuneration principles                                                                                                                                                                                 
Consistent with ING’s strategy and the promotion of sound and effective risk management;                                                                                                                                
Being able to attract, motivate and retain leaders with the ability, experience, skills, values and behaviours to fulfil our role as a global bank;                                                                     
The interest of EB members to receive fair, consistent and balanced remuneration;                                                                                                                                       
Maintaining a sustainable balance between the short and long-term interests of our clients, shareholders, employees, society at large and other stakeholders, and encouraging sustainable long-term value creation;     
Complying with all applicable regulatory requirements.                                                                                                                                                                  
The Executive Board remuneration policy was approved by shareholders at the 2024 AGM and became effective retroactively from 1 January 2024 until the 2028 AGM at the latest. A summary of the remuneration components of the policy for the EB is set out in the table on this page. The remuneration components consist of base salary, variable remuneration, pension and benefits. See