Poseidon Principles Annual Disclosure Report

Amidst a pivotal year for the maritime industry, marked by the International Maritime Organization’s (IMO) revised greenhouse gas emissions strategy, the Poseidon Principles have emerged as a driving force for change. These principles, which provide a framework for financial institutions to integrate climate considerations into lending decisions, represent 80% of the global ship finance portfolio. This initiative has not only inspired transparency initiatives in other sectors like steel, aluminium and soon aviation but has set an example of how financial institutions can play a positive role in accelerating climate action, through transparency.