Responsible Investing

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
Mikael Bek, head of ESG at Pensam | Photo: PR/Pensam
BY ASTRID STURLASON, translated by Kristoffer Grønbæk

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.

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