Swedbank sets climate target for shipping portfolio
Swedbank has adopted a climate target for its shipping portfolio so that climate considerations will be integrated into the bank’s loan decisions for ship finance. The new target means that, by 2030, the financed emission intensity of Swedbank’s shipping portfolio will be aligned with the most ambitious decarbonisation pathway of the International Maritime Organization (IMO).In February, Swedbank signed the Poseidon Principles, a global framework for integrating climate considerations into loan decisions for ship finance. As a next step, Swedbank has adopted a climate target for its