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Sustainability COSCO Finance

Asset manager exits Cosco investment as climate concerns start to bite

Tightening regulatory requirements prompt asset managers to review exposure to the most carbon-intensive sectors and shipping is increasingly viewed as a financial risk

  • Analysis

Chinese shipping giant Cosco has been sanctioned by one of the world’s largest asset managers for failing to meet basic climate risk targets — a move that is likely to be seen as part of a trend towards increasing scrutiny and penalties for shipping companies failing to stay ahead of climate standards and regulation

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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