News / Chinese operators warned: raise green ambitions or see investors back off

Photo: Seaspan

Climate change is providing yet another motivation for investment firms to diversify from China.

Last week, London’s Legal & General Investment Management (LGIM) sold its stake in China’s Cosco, claiming the shipping line had made insufficient efforts to decarbonise.

Senior manager Stephen Beer told The Loadstar: “We expect the shipping sector to introduce operational innovations to increase fuel efficiency in the short term, with low-carbon fuel switching and relevant investment in the long term. Firms that don’t are likely ...