SFOCフィード

📢 ‼️ BREAKING: OECD complaint calls for greater environmental and human rights due diligence in LNG shipping finance 🚢 💰   On April 7, Solutions for Our Climate (SFOC) filed a complaint within the OECD's Korean National Contact Point (NCP) calling out major Korean public financial institutions, including The Export-Import Bank of Korea (KEXIM), Korea Development Bank (KDB), and Korea Trade Insurance Corporation (Ksure), for financing LNG shipping without adequate environmental and human rights due diligence.    The complaint argues that by categorizing LNG carriers as mobile assets, Korean financial institutions have failed to adequately meet OECD compliance guidelines in conducting due diligence based on the OECD Common Approaches, which explicitly reference "the locations to which [capital goods] are destined."     🚢 While mobile, LNG carriers follow fixed shipping corridors and frequent specific terminals, creating predictable and recurring impacts on specific coastal and marine environments, which fall squarely within the intended scope of OECD guidelines.    Over the past decade, South Korea supplied $44.1 billion in LNG carrier financing. KEXIM alone has provided $27 billion in financing support, including loans and guarantees for LNG carriers.     Given the reach of global LNG shipping routes, greater accountability is needed to restrict harmful public finance of projects linked to severe ecological damages and large climate footprints.    The complaint also calls for the expansion of due diligence frameworks to account for the broader ecological and climate implications, including:    🔹 Methane slip from dual-fuel marine engines;  🔹 Underwater noise pollution affecting marine mammals;  🔹 Ballast water discharge and the introduction of invasive species;  🔹 Collision risks in high-biodiversity coastal zones.    🔎 Read the Press Release on the OECD complaint here: https://lnkd.in/ddgsPN9T   🔎 Read SFOC's report, 'An Assessment of Environmental and Social Impacts of LNG Carriers', here: https://lnkd.in/dTqn5JT2   #LNGCarriers #FossilFuelFinance #ClimateFinance #FossilFuelPhaseOut

📢 ‼️ BREAKING: OECD complaint calls for greater environmental and human rights due diligence in LNG shipping finance 🚢 💰   Today, Solutions for Our Climate (SFOC) has filed a complaint within the OECD's Korean National Contact Point (NCP) calling out major Korean public financial institutions, including The Export-Import Bank of Korea (KEXIM), Korea Development Bank (KDB), and Korea Trade Insurance Corporation (Ksure), for financing LNG shipping without adequate #Environmental and #HumanRights due diligence.    The complaint argues that by categorizing LNG carriers as mobile assets, Korean financial institutions have failed to adequately meet OECD compliance guidelines in conducting due diligence based on the OECD Common Approaches, which explicitly reference "the locations to which [capital goods] are destined."     🚢 While mobile, LNG carriers follow fixed #shipping corridors and frequent specific terminals, creating predictable and recurring impacts on specific coastal and marine environments, which fall squarely within the intended scope of OECD guidelines.    Over the past five years, KEXIM alone has provided KRW 41.3 trillion (USD 27 billion) in financing support, including loans and guarantees for LNG carriers.     Given the reach of global LNG shipping routes, greater accountability is needed to restrict harmful public finance of projects linked to severe ecological damages and large climate footprints.    The complaint also calls for the expansion of due diligence frameworks to account for the broader #ecological and #climate implications, including:    🔹 #Methane slip from dual-fuel marine engines;  🔹 Underwater noise #pollution affecting marine mammals;  🔹 Ballast water discharge and the introduction of invasive species;  🔹 Collision risks in high-biodiversity coastal zones.    🔎 Read the Press Release on the OECD complaint here: https://lnkd.in/ddgsPN9T   🔎 Read SFOC's report, 'An Assessment of Environmental and Social Impacts of LNG Carriers', here: https://lnkd.in/dTqn5JT2   #LNGCarriers #FossilFuelFinance #ClimateFinance #FossilFuelPhaseOut 

🚗🏭 Clean cars need clean steel. Steel may not seem like the most obvious part of the auto transition, but it is one of the most important. It makes up a major share of every vehicle and carries significant emissions long before a car reaches the road. Yet it remains one of the least transparent parts of automakers’ climate footprint. 📉 That matters even more now. As carbon-related trade rules tighten, emissions data is becoming a market issue, not just a reporting one. CBAM is already increasing pressure across carbon-intensive value chains, and proposed expansion to downstream products, including cars, could push that pressure further into automotive supply chains. ⚠️That creates different risks for different players. For carmakers, weak supplier data makes it harder to understand exposure, manage sourcing decisions, and back up climate claims. For steelmakers, verified emissions data can become a significant competitive advantage. For investors, poor disclosure makes it harder to judge which companies are truly prepared for the transition. Lead The Charge 2026 shows the gap clearly: steel-specific Scope 3 disclosure remains rare. Clean car claims are harder to take seriously when steel remains a blind spot. 🔎 Read the full issue brief and explore the solutions here: https://lnkd.in/emnGGSw3 🔎Explore the full Lead the Charge 2026 scorecards here: https://lnkd.in/dksJyK9M #ClimateAction #Climate #CleanCars #GreenSteel #Scope3Emissions #SFOC #SteelDecarbonization #LeadTheCharge #CBAM #Automotive #SupplyChains