COSCO SHIPPING to develop container industry chain
COSCO SHIPPING Development and Standard Chartered Bank (China)
Limited have engaged in a framework agreement focusing on modernising the
container industry chain.
The collaboration agreement will reportedly improve continuing information
sharing between the two organisations at the national, regional, and global
levels.
It will also strengthen their collaboration on transition finance,
liquidity, and risk management, as well as the promotion of green and
sustainable development projects.
This step is intended to support high-quality improvements in the ESG
industry.
Recognised as the world’s first financial project dedicated to the
transformation of the whole container industry chain, this effort intends to
identify the container industry’s green and low-carbon transformation
pathways.
By evaluating the daily operations of container production and leasing,
among other business sectors, the project intends to incorporate a
‘transformation finance’ solution to assist and expedite the green and
low-carbon transformation process for each node in the industrial chain.
Recently, COSCO SHIPPING established its self-operated fulfilment warehouse
in the US.
