Dutch bank ING, one of Europe’s largest real estate lenders, announced it will no longer provide loans to companies lacking a plan to decarbonize their assets. This decision, part of ING’s Climate Progress Update 2024, aligns with its goal of achieving net-zero emissions by 2050. The bank introduced the ESG.X tool to evaluate clients' climate disclosures and plans, with potential consequences for those not advancing their sustainability efforts. ING cautions the real estate sector about the difficulties of retrofitting due to high costs, inflation, and regulatory challenges.