More sustainable scrapping of ships: KfW IPEX-Bank joins Responsible Ship Recycling Standards
* Inclusion of scrapping clauses in loan agreements
* KfW IPEX-Bank first German bank to adopt Responsible Ship
Recycling Standards
* Lending volume for Maritime Industries at KfW IPEX-Bank in 2017:
EUR 13.9 billion.
Hundreds of ships are decommissioned and scrapped every year. Since this often entails significant environmental pollution and health risks for people, international banks adopted the "Responsible Ship Recycling Standards" (RSRS) in 2017. KfW IPEX-Bank is now the first German bank to join the!-->…