{"id":2081,"date":"2019-06-14T11:14:08","date_gmt":"2019-06-14T09:14:08","guid":{"rendered":"https:\/\/www.bittedesignstudio.it\/poseidon\/?page_id=2081"},"modified":"2025-12-15T14:05:19","modified_gmt":"2025-12-15T13:05:19","slug":"how-did-we-get-here","status":"publish","type":"page","link":"https:\/\/www.poseidonprinciples.org\/finance\/about\/how-did-we-get-here\/","title":{"rendered":"How did we get here"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; disabled_on=&#8221;on|on|off&#8221; _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||0px&#8221; custom_padding=&#8221;||0px&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row disabled_on=&#8221;on|on|off&#8221; _builder_version=&#8221;4.16&#8243; background_color=&#8221;#003d58&#8243; width=&#8221;100%&#8221; max_width=&#8221;2560px&#8221; module_alignment=&#8221;center&#8221; custom_margin=&#8221;||&#8221; custom_padding=&#8221;0px||0px&#8221; custom_css_main_element=&#8221;position: absolute;||top: 0;||max-width: none;||z-index: 99999;&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_code _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;2%||&#8221; custom_padding=&#8221;2%||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row custom_padding_last_edited=&#8221;on|phone&#8221; _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||&#8221; custom_padding_tablet=&#8221;||0px&#8221; custom_padding_phone=&#8221;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.27.5&#8243; text_font=&#8221;Roboto Condensed||||on|||#003d58|&#8221; text_text_color=&#8221;#003d58&#8243; text_font_size=&#8221;22px&#8221; text_line_height=&#8221;1.5em&#8221; header_font=&#8221;Roboto Condensed|700|||||||&#8221; header_text_color=&#8221;#003d58&#8243; header_2_font=&#8221;||||||||&#8221; custom_padding=&#8221;|2%||2%&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>HOW DID WE GET HERE<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font=&#8221;||||||||&#8221; header_font=&#8221;Roboto Condensed||||||||&#8221; header_text_color=&#8221;#003d58&#8243; header_font_size=&#8221;44px&#8221; header_line_height=&#8221;1.2em&#8221; header_2_font=&#8221;Roboto Condensed||||||||&#8221; header_2_text_color=&#8221;#003d58&#8243; header_2_font_size=&#8221;28px&#8221; header_2_line_height=&#8221;1.4em&#8221; background_color=&#8221;#c8cf44&#8243; width_last_edited=&#8221;off|desktop&#8221; custom_margin=&#8221;|||&#8221; custom_padding=&#8221;2%|2%|2%|2%&#8221; header_font_size_tablet=&#8221;22px&#8221; header_font_size_phone=&#8221;22px&#8221; header_font_size_last_edited=&#8221;on|phone&#8221; header_2_font_size_tablet=&#8221;18px&#8221; header_2_font_size_phone=&#8221;18px&#8221; header_2_font_size_last_edited=&#8221;on|tablet&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1>Committed to improving the role of maritime finance in addressing global environmental issues<\/h1>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row custom_padding_last_edited=&#8221;on|tablet&#8221; _builder_version=&#8221;4.16&#8243; custom_padding_tablet=&#8221;0px||0px&#8221; custom_padding_phone=&#8221;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Text&#8221; _builder_version=&#8221;4.27.5&#8243; text_font=&#8221;Roboto Condensed||||||||&#8221; text_text_color=&#8221;#003d58&#8243; text_font_size=&#8221;24px&#8221; text_line_height=&#8221;1.5em&#8221; custom_padding=&#8221;|2%||2%&#8221; hover_enabled=&#8221;0&#8243; text_font_size_tablet=&#8221;14px&#8221; text_font_size_phone=&#8221;16px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p>The Poseidon Principles were developed in an effort spearheaded by global shipping banks \u2013 Citi, Societe Generale, and DNB \u2013 in collaboration with leading industry players \u2013 A.P. M\u00f8ller M\u00e6rsk, Cargill, Euronav, Gram Car Carriers, Lloyd\u2019s Register, and Watson Farley &amp; Williams \u2013 with expert support provided by the Global Maritime Forum, Rocky Mountain Institute, and UMAS.<\/p>\n<p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/poseidonprinciples.org\/finance\/wp-content\/uploads\/2019\/06\/hdwgt-1.png&#8221; align_tablet=&#8221;center&#8221; align_phone=&#8221;&#8221; align_last_edited=&#8221;on|desktop&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text admin_label=&#8221;Text&#8221; _builder_version=&#8221;4.27.5&#8243; text_font=&#8221;Roboto Condensed||||||||&#8221; text_text_color=&#8221;#003d58&#8243; text_font_size=&#8221;24px&#8221; text_line_height=&#8221;1.5em&#8221; custom_padding=&#8221;|2%||2%&#8221; text_font_size_tablet=&#8221;14px&#8221; text_font_size_phone=&#8221;16px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>A series of three workshops held in June 2018 across Singapore, London, and New York City brought together a total of 45 senior ship financiers along with a select group of ship owners and experts in order to explore practical approaches for integrating climate risk into financial decision-making in the maritime industry. Throughout these workshops, there was a shared vision of success: a group of aligned and committed institutions taking ownership of a set of principles with the aim of integrating climate considerations into lending decisions in alignment with the climate-related goals of the IMO.<\/p>\n<p>A drafting group of leading banks, key industry stakeholders and experts was subsequently convened to develop the Poseidon Principles. Shipowners of varying sizes and geographies as well as other experts and stakeholders have been engaged and consulted throughout the process of developing the Poseidon Principles.<\/p>\n<p><strong>SIMILAR INITIATIVES<\/strong><\/p>\n<p>The Poseidon Principles are the first of three initiatives based on the same <a href=\"https:\/\/www.poseidonprinciples.org\/finance\/principles\/\">four principles<\/a> and developed by the Global Maritime Forum with the shared aim to decarbonise shipping.<\/p>\n<p>During the very early stages of the Poseidon Principles, some charterers who were part of the drafting group voiced the need for a transparent process for reporting emissions relating to chartering activities. This is how, following the example of the Poseidon Principles, the <a href=\"https:\/\/www.seacargocharter.org\/\">Sea Cargo Charter<\/a> was launched in October 2020. The Sea Cargo Charter provides a global framework for aligning chartering activities with responsible environmental behaviour to promote international shipping\u2019s decarbonisation. The most recent initiative was launched in December 2021. The <a href=\"https:\/\/www.poseidonprinciples.org\/insurance\/\">Poseidon Principles for Marine Insurance<\/a> gather a group of marine insurance institutions committed to aligning their portfolios with responsible environmental impacts.<\/p>\n<p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/www.poseidonprinciples.org\/finance\/wp-content\/uploads\/2023\/11\/Graphical-Design-Transprarency-2023-scaled.jpg&#8221; title_text=&#8221;Graphical Design Transprarency 2023&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; background_color=&#8221;#003d58&#8243; custom_margin=&#8221;||&#8221; custom_padding=&#8221;2%||2%&#8221; global_module=&#8221;1964&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_4,1_4,1_4,1_4&#8243; admin_label=&#8221;Row&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font=&#8221;||||||||&#8221; header_font=&#8221;||||||||&#8221; header_4_font=&#8221;|700|||||||&#8221; header_4_text_color=&#8221;#ffffff&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4>POSEIDON PRINCIPLES<\/h4>\n<p><em><a href=\"\/finance\/privacy-policy\/\" style=\"color: #fff!important;\">Privacy Policy<\/a><\/em><\/p>\n<div class=\"siteswitchfooter\"><a href=\"https:\/\/www.poseidonprinciples.org\/finance\/\">Finance<\/a> | <strong><u>Insurance<\/u><\/strong><\/div>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font=&#8221;||||||||&#8221; text_font_size=&#8221;12px&#8221; header_font=&#8221;||||||||&#8221; header_4_font=&#8221;|700|||||||&#8221; header_4_text_color=&#8221;#ffffff&#8221; width=&#8221;100%&#8221; custom_padding=&#8221;|0px||||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4>Get in touch<\/h4>\n<div class=\"page\" title=\"Page 1\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p><a style=\"color: #fff!important;\" href=\"mailto:info@poseidonprinciples.org\">Email: info@poseidonprinciples.org<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font=&#8221;||||||||&#8221; header_font=&#8221;||||||||&#8221; header_4_font=&#8221;|700|||||||&#8221; header_4_text_color=&#8221;#ffffff&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4>Where to find us<\/h4>\n<div class=\"page\" title=\"Page 1\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>Amaliegade 33 B, 3rd floor<br \/>1256 Copenhagen K<br \/>Denmark<br \/>VAT Number: 40632379<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font=&#8221;||||||||&#8221; header_font=&#8221;||||||||&#8221; header_4_font=&#8221;|700|||||||&#8221; header_4_text_color=&#8221;#ffffff&#8221; custom_margin=&#8221;||0px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4>Follow us<\/h4>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.27.4&#8243; global_colors_info=&#8221;{}&#8221;]<a href=\"https:\/\/www.linkedin.com\/company\/poseidon-principles\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" data-src=\"https:\/\/poseidonprinciples.org\/finance\/wp-content\/uploads\/2019\/06\/linkedin.png\" style=\"width: 20%\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" \/><\/a>\u00a0\u00a0<!-- [et_pb_line_break_holder] -->[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HOW DID WE GET HERECommitted to improving the role of maritime finance in addressing global environmental issuesThe Poseidon Principles were developed in an effort spearheaded by global shipping banks \u2013 Citi, Societe Generale, and DNB \u2013 in collaboration with leading industry players \u2013 A.P. M\u00f8ller M\u00e6rsk, Cargill, Euronav, Gram Car Carriers, Lloyd\u2019s Register, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":1153,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-2081","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How did we get here - Poseidon Principles for Financial Institutions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.poseidonprinciples.org\/finance\/about\/how-did-we-get-here\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How did we get here - Poseidon Principles for Financial Institutions\" \/>\n<meta property=\"og:description\" content=\"HOW DID WE GET HERECommitted to improving the role of maritime finance in addressing global environmental issuesThe Poseidon Principles were developed in an effort spearheaded by global shipping banks \u2013 Citi, Societe Generale, and DNB \u2013 in collaboration with leading industry players \u2013 A.P. 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