Non-profit organization Carbon War Room (CWR) says the two banks are among several institutions that have indicated that vessel efficiency rankings now form an important part of assessing risk and return, with inefficient vessels now representing a higher-risk investment.
“Energy efficiency data is also being used in credit-approval processes for vessel purchases, loan assessments for retrofit projects, and re-sell or scrapping decisions, with banks citing efficiency as a key indicator for a vessel’s profitability,” the Richard Branson-backed CWR claims.
“The
