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Regulation

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

FMC urges container carriers to clarify fees

Additional fees charged for delayed arrivals or container pick-ups in ports must be clearly stated on container lines' websites, and there must be clear procedures for customer disputes, urges US maritime authority FMC.

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

LNG lobby takes a swipe at Søren Skou

Liquefied natural gas (LNG) is a necessary transitional fuel for shipping, according to organization Sea-LNG, and shipping execs, such as Maersk's Søren Skou, are endangering the sector by calling for a ban on oil products for maritime fuel. Updated.

Global corporate-tax overhaul advances as 136 nations sign on

With 136 countries on board, the new corporate taxation deal moves a step further ahead in the hopes of avoiding what US Treasury Secretary Janet Yellen calls a global "race to the bottom. The OECD aims to implement the new deal in 2023, an ambitious target for some nations.

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