Recycling boost

Nordic corporate bank SEB has joined the Responsible Ship Recycling Standards (RSRS), a joint bank initiative for ensuring the environmentally and socially responsible dismantling and recycling of ships. The RSRS is aligned with the Hong Kong Convention, which establishes a minimum standard for the recycling of ships. In addition the EU has formulated further requirements that apply to all vessels sailing under one of the EU member states’ flags. SEB becomes the 12th member of the initiative, which was started by a group of European banks active within shipping. The other banks that are part of the RSRS are ABN AMRO, Danske Bank, DNB, Eksportkreditt, Hamburg Commercial Bank, ING, KfW IPEX-Bank, NIBC, Nordea, Sparebank SR-Bank and Sparebanken Vest.