Progress against milestone 5.2020.2
Sustainable shipping finance tools addressing ESG performance including sustainability-linked loans and green bonds are developed and implemented, facilitating R&D and technology investments
November 9, 2020

The International Climate Bonds Standard launched its Shipping Criteria. The criteria are designed to provide shipowners and operators with technical guidance to evaluate whether a shipping project or asset contributes to climate change mitigation and can be used to certify a green bond under the CBI Certification scheme.

The criteria require that “ships are not primarily dedicated to transporting fossil fuels and are either, zero-emission ships at the point of application for Certification or performing below the average operational emissions intensity of their respective size and class throughout the tenor of the bond.”