Poseidon Principles

01/02/2023

This year, both the for Financial Institutions and Marine Insurance have published Annual Disclosure Reports, improving emissions transparency of the shipping industry. In an online session, Principle actors share key takeaways and concrete learnings from the two recently published reports. Watch the session here: https://youtu.be/lCjvZiB4hdc

The for Financial Institutions and the Poseidon Principles for Marine Insurance are frameworks for assessing and reporting the alignment ...

27/01/2023

The for Financial Institutions and Marine Insurance improve transparency on the climate alignment of maritime lending and insurance. On 31 January, key members from the Principles present key takeaways and learnings from this year’s Annual Disclosure Reports.

- Michael Parker, Chair, Poseidon Principles for Financial Institutions
Chairman, Global Shipping, Logistics and Offshore, Citi
- Stephen Fewster, Global Head of Shipping Finance, ING
- Dr. Marco Albers, Head of Specialised Lending, DekaBank Deutsche Girozentrale
- Patrizia Kern-Ferretti, Chair, Poseidon Principles for Marine Insurance, Marine Strategy Consultant, CEO Office, Swiss Re Corporate Solutions
- Rolf Thore Roppestad, Vice Chair, Poseidon Principles for Marine Insurance, CEO, Gard AS
- Ben Abraham, Global Head of Marine, WTW

Register for the session here: http://bit.ly/3ZLwlO8

19/01/2023

Tune in Tuesday, 31 January, to learn how shipping portfolios of key finance and insurance institutions align with climate goals. The session will feature key takeaways and concrete learnings from and Members.

Register here: http://bit.ly/3ZLwlO8

11/01/2023

"Bankers are generating considerably more revenue these days from selling green bonds and loans." For the first time since the Paris climate announcement at the end of 2015, green debt issuance exceeds oil, gas and coal-related financing.

For the first time, more money was raised in the debt markets for climate-friendly projects than for fossil-fuel companies. But there’s a catch.

22/12/2022

30 financial institutions have joined the and are committed to transparent climate reporting. Together they represent over 70% of the global ship finance portfolio.

Last week, 28 Signatories reported the climate alignment scores of their ship finance portfolios and increased their transparency. Learn more in the Poseidon Principles Annual Disclosure Report 2022: http://bit.ly/3F5WRbD

20/12/2022

More than two dozen international banks have reported emissions data of their ship finance portfolios in the third Annual Disclosure Report. The report visualizes the hard road ahead to reduce emissions. The data remains influenced by COVID-19.

Out of 28 Signatories reporting, five publicly disclosed the carbon footprint of their portfolios for the first time.

Paul Taylor, Global Head of Maritime Industries, Société Générale, and Vice Chair of the Poseidon Principles, commented: “I would like to welcome the five new Signatories who are reporting their climate alignment scores for the first time this year. We continue to receive strong support for data sharing and transparency among our clients, a sign that the Poseidon Principles have become an established and recognised initiative.”

Learn more in the Annual Disclosure Report 2022 ➡️ http://bit.ly/3F5WRbD

15/12/2022

"The Poseidon Principles have pioneered a level of transparency not yet matched in an industry struggling with greenwashed commitments," reports Lloyd's List on today's publication of the Annual Disclosure Report 2022. Read more ⬇

The second annual disclosure of emissions data from shipping banks highlights the challenge ahead to align an industry not yet even hitting existing IMO climate targets, with more ambitious cuts on the way

15/12/2022

The new Annual Disclosure Report 2022 is out today! The Poseidon Principles provide a global framework for . Signatory banks transparently report the climate impact of their ship finance portfolios on an annual basis.

Learn more in the third Annual Disclosure Report ➡️ https://bit.ly/3W030Ny

14/12/2022

Today, 28 shipping banks report the climate footprint of their shipping portfolios in the Poseidon Principles Annual Disclosure Report 2022. The growing number of Signatories and the increased granularity of the data they are reporting demonstrate that the financial sector is committed to transparency.

Michael Parker, Chairman, Global Shipping, Logistics and Offshore, Citi and Chair of the Poseidon Principles, comments: “This year’s reporting is the most granular and extensive yet, and more banks have joined the initiative, which is very encouraging. I am pleased that Signatories have been willing to be even more transparent about the make up of the carbon footprint in their portfolios. Being transparent is the only way to make change happen and better support clients in the crucial years for shipping decarbonization ahead of us."

Learn more ➡️ https://bit.ly/3W030Ny

09/11/2022

“From a regulatory perspective, the Emissions Trading Scheme, Poseidon Principles and the Sea Cargo Charter are all initiatives that will put pressure in the industry to act quicker and better.” A session at 2022 SAFETY4SEA Forum focused on the key steps towards an ESG strategy in shipping, along with ESG metrics monitoring and reporting.

Learn more ➡️

Industry’s initiatives and portfolios for a sustainable future should meet all the necessary requirements and go beyond minimum standards.