A global framework
for responsible ship finance

The Poseidon Principles provide a framework
for integrating climate considerations into lending decisions
to promote international shipping’s decarbonization

The Poseidon Principles establish a framework for assessing and disclosing the climate alignment of ship finance portfolios. They set a benchmark for what it means to be a responsible bank in the maritime sector and provide actionable guidance on how to achieve this.

The Poseidon Principles are consistent with the policies and ambitions of the International Maritime Organization, including its ambition for greenhouse gas emissions to peak as soon as possible and to reduce shipping’s total annual GHG emissions by at least 50% by 2050.

As a result, the Poseidon Principles will enable financial institutions to align their ship finance portfolios with responsible environmental behavior and incentivize international shipping’s decarbonization – to shape a better future for the shipping industry and society.

The Poseidon Principles are applicable to lenders, lessors, and financial guarantors globally. They are intended to evolve over time to address other adverse impacts.

As banks, we recognize that our role in the shipping industry enables us to promote responsible environmental stewardship throughout the global maritime value chain. The Poseidon Principles will not only serve our institutions to improve decision-making at a strategic level but will also shape a better future for the shipping industry and our society

Michael Parker,
Global Industry Head of Shipping & Logistics at Citi and Chair of the Poseidon Principles drafting committee

Principle 1

Assessment of climate alignment

Commitment:

Signatories will measure the carbon intensity of their shipping portfolios on an annual basis and assess their climate alignment relative to established decarbonization trajectories. This assessment is based on a robust industry-appropriate methodology.

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Principle 2

Accountability

Commitment:

Signatories recognize the important role that classification societies and other recognized organizations play in providing unbiased information. They support and rely on the mandatory regulation established by the IMO for collecting data on fuel consumption from ships.

Learn more

Principle 3

Enforcement

Commitment:

Signatories commit to making compliance with the Poseidon Principles contractual in their new business activities. They will use standardized covenant clauses and work together with their clients and partners to meet this requirement.

Learn more

Principle 4

Transparency

Commitment:

Signatories are required to report their portfolio alignment score on an annual basis. All Signatories’ scores will be published annually by the Secretariat of the Poseidon Principles.

Learn more

Signatories

11 leading banks, jointly representing approximately USD 100 billion in loans, have come together to establish the Poseidon Principles.

Signatories include:

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Where to find us

Amaliegade 33 B, 2nd floor
1256 Copenhagen K
Denmark
VAT number: 40632379

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A global framework
for responsible
ship finance

The Poseidon Principles provide a framework for integrating climate considerations into lending decisions to promote international shipping’s decarbonization

The Poseidon Principles establish a framework for assessing and disclosing the climate alignment of ship finance portfolios. They set a benchmark for what it means to be a responsible bank in the maritime sector and provide actionable guidance on how to achieve this.

The Poseidon Principles are consistent with the policies and ambitions of the International Maritime Organization, including its ambition for greenhouse gas emissions to peak as soon as possible and to reduce shipping’s total annual GHG emissions by at least 50% by 2050.

As a result, the Poseidon Principles will enable financial institutions to align their ship finance portfolios with responsible environmental behavior and incentivize international shipping’s decarbonization – to shape a better future for the shipping industry and society.

The Poseidon Principles are applicable to lenders, lessors, and financial guarantors globally. They are intended to evolve over time to address other adverse impacts.

Learn more
Download Poseidon Principles

As banks, we recognize that our role in the shipping industry enables us to promote responsible environmental stewardship throughout the global maritime value chain. The Poseidon Principles will not only serve our institutions to improve decision-making at a strategic level but will also shape a better future for the shipping industry and our society

Michael Parker,
Global Industry Head of Shipping & Logistics at Citi and Chair of the Poseidon Principles drafting committee

Principle 1

Assessment of climate alignment

Signatories will measure the carbon intensity of their shipping portfolios on an annual basis and assess their climate alignment relative to established decarbonization trajectories. This assessment is based on a robust industry-appropriate methodology.

Learn more

Principle 2

Accountability

Signatories recognize the important role that classification societies and other recognized organizations play in providing unbiased information. They support and rely on the mandatory regulation established by the IMO for collecting data on fuel consumption from ships.

Learn more

Principle 3

Enforcement

Signatories commit to making compliance with the Poseidon Principles contractual in their new business activities. They will use standardized covenant clauses and work together with their clients and partners to meet this requirement.

Learn more

Principle 4

Transparency

Signatories are required to report their portfolio alignment score on an annual basis. All Signatories’ scores will be published annually by the Secretariat of the Poseidon Principles.

Learn more

Signatories

11 leading banks, jointly representing approximately USD 100 billion in loans, have come together to establish the Poseidon Principles.

All Signatories
Learn more about how to become a signatory

Stay informed

Where to find us

Amaliegade 33 B, 2nd floor
1256 Copenhagen K
Denmark
VAT number: 40632379

Follow us