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Investors say IMO climate target far from enough: "There'll be a dialog on tightening up"

Unlike the oil industry where a number of firms are blacklisted, Denmark's PenSam has not banished any shipping companies from the fold. The pension provider and investor is, however, not content with a shipping company just adhering to the IMO's target.

Mikael Bek, head of ESG at Pensam | Photo: PR/Pensam

A much more extensive climate strategy than the International Maritime Organization's (IMO) is needed if investors are to back companies within shipping, says pension provider and investor PenSam to ShippingWatch.

According to Mikael Bek, head of ESG at PenSam, shipping firms have to heighten their ambitions as demands are also put forth by customers and not just investors.

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