(www.MaritimeCyprus.com) The Poseidon Principles have emerged as a catalyst for sustainable finance in the maritime industry, driving positive change and fostering collaboration among financial institutions, shipowners, and other stakeholders. As the world moves towards a low-carbon future, the principles will remain instrumental in guiding investments towards environmentally responsible shipping assets and facilitating the transition to a more sustainable and resilient maritime sector.
Signatory institutions commit to annually disclosing their portfolios’ climate alignment and to demonstrating the implementation of the Poseidon Principles into their internal policies, procedures, and standards through an Annual Disclosure Report. They are supported in this by a robust and industry-appropriate climate alignment assessment methodology and carefully considered accountability and enforcement requirements that support transparent data collection and disclosure practices.
The Poseidon Principles were developed in an effort spearheaded by global banks (Citi, Societe Generale, and DNB) in collaboration with leading maritime companies (A.P. Moller - Maersk, Cargill, Euronav, Gram Car Carriers, Lloyd’s Register, and Watson Farley & Williams) and supported by the Global Maritime Forum, Rocky Mountain Institute, and UMAS.
The Principles aim to assist financial institutions in integrating climate considerations into their lending decisions in alignment with the global climate-related goals of the International Maritime Organization (IMO). This not only strengthens the strategic decision-making for signatory institutions but also contributes to shaping a more sustainable future for the maritime sector.
The shipping industry is a cornerstone of international trade, transporting around 90% of all global goods. However, its significant carbon footprint poses an urgent challenge: for the world to decarbonise, shipping must decarbonise. In this transformation, finance plays a pivotal role.
Find out more, by accessing the full 2025 report below:
Source: Poseidon Principles
