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Major shipping banks impose climate requirements on shipping companies

11 of the world's biggest shipping banks now require shipping companies to meet certain climate targets in order to obtain financing. Maersk supports this decision and several Asian banks are expected to join.

Photo: Patrick T. Fallon/Bloomberg

In the future, the IMO's climate targets will be a factor when shipping companies and other players in the shipping industry secure funding from banks.

11 banks, which in total supply loans to the shipping industry worth approximately USD 100 billion, have agreed on new guiding principles, aimed at taking climate considerations into account when lending to the shipping industry in future.

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