While the overall picture is mixed, some Chinese-linked vessels have to pay as little as 0.35% of their hull and machinery value to obtain insurance for transit.
A selection process will be established to determine which projects — including extraction, processing and recycling materials — are eligible, the people said, speaking on the condition of anonymity.
Expect to see users of cotton seeking to improve the visibility of their multi-tier supply chains to avoid regulatory fines, protect themselves from reputational damage, and understand their risk exposure.
An understanding of ESG risk will become essential in light of investor and consumer demands, the financial impact of regulatory penalties, and carbon taxes