20JUN2019 - NEWS - Banks to apply climate crisis criteria to future shipping loans

ING Bank is one of 11 banks that have launched the Poseidon Principles to support the shipping industry’s reduction of carbon emissions by 50 percent from a 2008 base line by 2050.

The other banks are Citi, DNB, Danish Ship Finance, Danske Bank, Société Générale, DVB Bank, Nordea, Crédit Agricole, Amsterdam Trade Bank and ABN AMRO. Together they hold US$100 billion in shipping loans, around 20 percent of the global ship finance portfolio.

Published by Editor - www.Livebunkers.com at 20-Jun-2019 03:44:46 [UTC] , contact editor at editor@livebunkers.com