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Major banks to align shipping loans with climate targets: "This is a marathon, not a sprint"

Shipping loans at Danske Bank and Nordea do not yet comply with the IMO's climate targets, shows report. But new lending principles that allow banks to measure customers on climate factors have created "a good starting point" for further work, they tell ShippingWatch. Both banks currently do not say no to financing ships.
Photo: Finn Frandsen/Ritzau Scanpix
Photo: Finn Frandsen/Ritzau Scanpix
by SØREN PICO, TRINE VESTERGAARD

Major shipping banks such as Danske Bank and Nordea have set out on a quest to make their loans to shipping IMO-compliant.

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