BECOMING A MEMBER

Who can become a signatory of the Poseidon Principles?

At present, signatory membership is applicable to relevant lenders, lessors, and financial guarantors, including export credit agencies (ECA). Signatories must report on all business activities:

• that are credit products (including bilateral loans, syndicated loans, club deals, and guarantees) secured by vessel mortgages, finance leases secured by title over vessel, or unmortgaged ECA loans tied to a vessel; and
• where a vessel or vessels fall under the purview of the IMO, e.g., vessels engaged in international voyages with a gross tonnage of 5,000 and above that have an established Poseidon Principles trajectory whereby the emissions intensity can be measured with IMO DCS data.

Institutions wishing to become a signatory of the Poseidon Principles must:

• Complete and send the Standard Declaration for Signatories, Application, and Membership Agreement to the Secretariat.
• Complete and submit the Self-Assessment to the Secretariat within five months of becoming a signatory.
• Pay the relevant fees.

All relevant documents are available from the Secretariat.

Who can become an associate member of the Poseidon Principles?

Affiliate membership is applicable to financial institutions that underwrite and arrange transactions for the shipping industry in the debt and equity capital markets, including hedge funds and private equity firms, that wish to signal their support for the objectives of the Poseidon Principles. This includes financial institutions whose business activities fall outside the current reporting scope (i.e., those that lend on an unsecured basis) or those not ready to report the climate alignment of their secured exposure. 

Institutions wishing to become an associate member of the Poseidon Principles must:

• Complete and send the Standard Declaration for Associate Members, Application, and Membership Agreement to the Secretariat.
• Pay the relevant fees.

All relevant documents are available from the Secretariat.