The Poseidon Principles Association is the governing body of the Poseidon Principles whose object is the management, administration and development of the Poseidon Principles. Signatories to the Poseidon Principles automatically become members of the Poseidon Principles Association.
The Poseidon Principles Association was formed on 18 June 2019 and is governed by a set of Governance Rules which provide guidance to existing and prospective Signatories on the processes for the management, administration and development of the Poseidon Principles.
The Steering Committee coordinates the Association and Principles on behalf of its members. The 11 members of the Steering Committee (from June 2019) are:
- Chair: Citi
- Vice Chair: Societe Generale
- ABN Amro
- Amsterdam Trade Bank
- Danske Bank
- Danish Ship Finance
- Credit Agricole
The Governance Rules detail the scope of the roles of the Steering Committee and Chair and how representatives are nominated and appointed.
A secretariat maintains the day-to-day functions of the Association, and is the first point of contact for existing and prospective Signatories. The Secretariat is provided by the Global Maritime Forum through a service agreement.
The technical expertise needed for the Principles to remain updated and accurate is provided by Rocky Mountain Institute, University College London Energy Institute and Lloyd’s Register and may include other organizations in the future as and when needed.