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Shipping Industry Faces ESG Heat from Lenders

Shipping Industry Faces ESG Heat from Lenders
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Banks Demanding Stricter Environmental Criteria When Financing Shipping Companies

Banks are demanding much stricter environmental criteria when financing shipping companies as investor pressure grows on the sector to accelerate going

Shipping industry faces ESG heat from lenders | Hellenic Shipping News Worldwide

Banks are demanding much stricter environmental criteria when financing shipping companies as investor pressure grows on the sector to accelerate going greener, according to Boston Consulting Group (BCG). Shipping, which transports about 90% of world trade, accounts for nearly 3% of the world’s CO2 emissions and BCG forecast the industry will need $2.4 trillion to .

Shipping industry faces ESG heat from lenders

LONDON: Banks are demanding much stricter environmental criteria when financing shipping companies as investor pressure grows on the sector to accelerate going greener, according to Boston Consulting Group (BCG). Shipping, which transports about 90 percent of world trade, accounts for nearly 3 percent of the world’s CO2 emissions and BCG forecast the industry will need $2.4

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