News / Banks push the box lines to reduce emissions

The ecological concept of greenhouse gas emissions

18/06/2019

Box lines are set to come under more environmental pressure, following a decision by major banks to factor emissions into lending decisions.

Eleven major banks, with total loan portfolios to global shipping worth some $100bn, will add climate considerations into lending decisions to incentivise industry decarbonisation.

The banks will use the Poseidon ...

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