The financial services firm will invest $123m in sustainable businesses over the next three to four years, with the new fund to be led by Mark Weustink.
Netherlands-based financial services firm ING set up a €100m ($123m) fund on Thursday aimed at sustainable companies that are working on products and services with a positive environmental impact.
The fund, Sustainable Investments, will invest the money over the next three to four years. It will be sector-agnostic and seek out startups that require capital to scale their operations either organically or through acquisitions.
The vehicle will initially focus on companies in the Netherlands, Luxembourg and Belgium, but long-term hopes…
