ING: Banks working together have a stronger voice on environmental issues

Dutch bank ING is involved in several initiatives aimed at making the shipping sector more sustainable. "We expect more from our customers today," says Stephen Fewster, global head of shipping at ING.

ING's Stephen Fewster

European shipping banks are increasingly working together to encourage the shipping sector to adopt a more environmentally responsible position with regard to ship re-cycling, emissions and waste management. One example of this concerns the guidelines for Responsible Ship Recycling Standards that Dutch banks were the main supporters of in 2017.

More recently, earlier this year ING signed a partnership agreement with the European Investment Bank for a EUR 300 million loan fund to finance green investments in shipping.

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