Standard Chartered has signed up to banking's Poseidon Principles green lending code, meaning more than 50% of global shipping loans are now included.
The move by the Singapore and London-based bank is another significant step along the path to Asian acceptance, but Chinese banks have yet to commit.
The principles were launched in June 2019 in a bid to help the sector reduce carbon emissions by aligning banking portfolios to the International Maritime Organization's targets.
