Poseidon Principles Annual Disclosure Report 2021

This is the second time the Signatories to the Poseidon Principles for Financial Institutions are reporting the climate alignment score of their ship finance portfolios, persisting in their efforts to increase transparency and promote the decarbonization of shipping.

December 20 2021

The Poseidon Principles are a framework for assessing and disclosing the climate alignment of ship finance portfolios. They create common global baselines that are consistent with and supportive of society’s goals to better enable financial institutions to align their portfolios with responsible environmental impacts.

This report marks the end of the second reporting year for Signatories to the Poseidon Principles. The initiative has grown from 20 Signatories last year to 29. Out of these 29, 23 institutions publicly disclose their climate alignment scores against a decarbonization trajectory in this report.

The Poseidon Principles were developed in an effort spearheaded by global shipping banks – Citi, Société Générale, and DNB – in collaboration with leading industry players – A.P. Møller – Mærsk, Cargill, Euronav, Gram Car Carriers, Lloyd’s Register, and Watson Farley & Williams – with expert support provided by the Global Maritime Forum, Rocky Mountain Institute, and University College London Energy Institute/UMAS.