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2020 will see major banks imposing climate requirements on shipping

In 2020, major banks' new climate requirements for the shipping industry will take off in earnest, say the banks behind the Poseidon Principles at conference Global Maritime Forum. They expect up to 90 percent of the world's shipping banks to have come aboard in 12 months.

Photo: Global Maritime Forum

SINGAPORE

A number of major banks' climate requirements for the shipping industry are not yet fully incorporated into everyday processes, but that will change in 2020, when even more Asian and US banks are expected to join, say major banks Citi, DNB and Societe Generale at conference Global Maritime Forum currently taking place in Singapore.

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