Poseidon Principles Association gathers in London to reflect on achievements and chart future course

LONDON, 21 MAY 2025 – Last week, the Poseidon Principles Association brought together its 36 signatories at Société Générale’s London offices to reflect on the Association’s achievements over the past year and to chart a clear course forward. The meeting delivered a comprehensive review of the annual workplan, secured approval for the 2025 budget, and endorsed targeted refinements to the greenhouse-gas accounting methodology – most notably to better capture emissions from cruise vessels, with an additional voluntary trajectory for next reporting cycle.

On the agenda was also the creation of three new governance pillars: an Associate Membership distinct from signatory, a formal peer review system and an advisory council, aimed at strengthening transparency, stakeholder engagement and its long-term direction. Additionally, experts from The Ocean Cleanup, DTU Aqua, and Clarksons Research shared their insights with presentations on plastic pollution, biodiversity, and the geopolitical shifts shaping maritime decarbonisation.

“Watching our initiative grow into a solid framework adopted by 36 key institutions truly makes me proud.” said Michael Parker, Chair of the Poseidon Principles Association. “With this year’s meeting centred on updating our methodology and strengthening governance, we’re continuing to build on the Poseidon Principles’ role in supporting maritime decarbonisation. I’m looking forward to collaborating closely with our members as we take the next steps together.”

“Each year, I’m impressed by how the Poseidon Principles evolve and guide our industry. It’s a privilege to contribute to this journey, and together we’ll advance meaningful progress toward maritime decarbonisation.” said Paul Taylor, Poseidon Principles Vice Chair and Global Head of Maritime Industries, Société Générale.