Investors push for responsible scrapping

摘要

While European owners have already come under pressure, Standard Chartered Bank pushes for more responsible scrapping practices among its ship recycling clients. In its Position Statement, the bank states that it »will only provide financial services to clients who have an environmental and social management system (ESMS) certified to the International Organisation for Standardisation standard ISO14001, the occupational health and safety standard ISO45001, or ISO3000 for Ship Recycling Management Systems.« A time-bound plan to comply with the requirements of the IMO's International Convention for the Safe and Environmentally Sound Recycling (Hong Kong Convention, HKC) is also required. The bank fears a reputa-tional risk in case of failures of environment and social governance (ESG).