{"id":5194,"date":"2026-01-08T13:31:36","date_gmt":"2026-01-08T12:31:36","guid":{"rendered":"https:\/\/www.poseidonprinciples.org\/finance\/?p=5194"},"modified":"2026-01-08T14:09:24","modified_gmt":"2026-01-08T13:09:24","slug":"poseidon-principles-chair-michael-parker-steps-down-replaced-by-current-vice-chair-paul-taylor","status":"publish","type":"post","link":"https:\/\/www.poseidonprinciples.org\/finance\/news\/poseidon-principles-chair-michael-parker-steps-down-replaced-by-current-vice-chair-paul-taylor\/","title":{"rendered":"Poseidon Principles Chair Michael Parker steps down, replaced by current Vice Chair Paul Taylor"},"content":{"rendered":"

8 January 2025, Copenhagen<\/strong> \u2013 Michael Parker, Chairman of Global Shipping & Logistics, Citi, stepped down as Chair of the Poseidon Principles Association on 31 December 2025, a role he has held since the Association\u2019s founding in 2019. He will, however, remain Citi\u2019s representative on the Steering Committee.<\/p>\n

Parker said he is pleased to be leaving the Poseidon Principles in a good place, particularly after the <\/span>latest disclosure report<\/span><\/a>\u00a0revealed\u00a0positive developments in signatories\u2019 climate alignment scores and portfolio disclosure rates.<\/span>\u00a0<\/span><\/p>\n

\u201cThe Poseidon Principles have become an established, globally\u00a0recognised\u00a0standard for transparent disclosure, with\u00a0the\u00a036 signatories collectively representing nearly three-quarters of the world\u2019s ship finance portfolio,\u201d Parker said<\/strong>. \u201cThe Association has gone from strength to strength since its founding, inspiring other industries like steel, aviation, and\u00a0aluminium\u00a0to follow suit. It has been an\u00a0honour\u00a0to serve as the Chair of the Poseidon Principles over the last six years, and I look forward to watching signatories continue to lead the way on shipping finance disclosure.\u201d<\/span>\u00a0<\/span><\/p>\n

Paul Taylor, Global Head of Maritime Industries at Societe Generale and\u00a0current\u00a0Vice Chair of the Poseidon Principles, will serve as Chair until the next Annual Meeting in May, at which point a formal election will take place.\u00a0Taylor\u00a0has indicated his desire to continue in the role of Chair\u00a0pending\u00a0formal election by the new Steering Committee.<\/span>\u00a0<\/span><\/p>\n

\u201cIt\u2019s\u00a0a privilege to step into Michael Parker\u2019s shoes as Chair,\u201d Taylor said<\/strong>. \u201cHis leadership, vision, dedication, and resilience\u00a0have been\u00a0critical factors in the Poseidon\u00a0Principles\u00a0being the benchmark of climate finance stewardship for the maritime sector that they are today. I will do my\u00a0best to continue Michael\u2019s excellent work, particularly in this next phase as we introduce associate membership for a broader range of financial institutions to increase the positive impact of the Poseidon Principles.\u201d<\/span>\u00a0<\/span><\/p>\n

Stephen Fewster, Global Head\u00a0of\u00a0Shipping Finance at ING Bank N.V. and Treasurer of the Poseidon Principles, will serve as both Vice Chair and Treasurer until the elections in May.<\/span>\u00a0<\/span><\/p>\n

The change in leadership took\u00a0effect\u00a0on 1 January 2026. Day-to-day operations of the Poseidon Principles Association remain otherwise unchanged and will continue to be supported by the secretariat, under the guidance of the Steering Committee and with direction from signatories.\u00a0<\/span>\u00a0<\/span><\/p>\n

The secretariat\u00a0thanks\u00a0Michael Parker for the invaluable guidance and leadership he has offered\u00a0throughout his tenure as Chair, as well as\u00a0Paul Taylor and Stephen Fewster for graciously stepping into the roles of Chair and Vice Chair until the next Annual Meeting.<\/span><\/p>\n

 <\/p>\n

Media contact:<\/strong><\/span>\u202fNicole Schlichting, (Interim) Senior Communications Manager \u2013 PR & Media\u00a0<\/span><\/div>\n
M:<\/strong><\/span>\u202f<\/span>+45 31 26 19 25<\/u><\/span><\/span><\/a>\u00a0<\/span><\/div>\n
E:<\/strong><\/span>\u202f<\/span>nsc@globalmaritimeforum.org<\/u><\/span><\/span><\/a><\/div>\n
<\/div>\n
<\/div>\n
\n

About the Poseidon Principles<\/u><\/strong><\/p>\n

The\u00a0Poseidon Principles for Financial Institutions<\/a> is a framework for measuring and reporting the alignment of financial institutions\u2019 shipping portfolios with climate goals. Recognising financial institutions\u2019 role in promoting responsible environmental stewardship throughout the maritime value chain, the Poseidon Principles\u2019 framework is in line with climate goals set by the UN maritime agency, the International Maritime Organization (IMO). The revised GHG ambition adopted during MEPC 80 in July 2023, known as the 2023 IMO GHG Strategy, set a new ambition to reach net-zero GHG emissions from international shipping by or around, i.e., close to, 2050. The Poseidon Principles is one of three initiatives based on the same four Principles and developed with the Global Maritime Forum. Together the Poseidon Principles for Marine Insurance and the Sea Cargo Charter, they share a common objective: fostering transparency on emissions reporting with the aim of contributing to reducing emissions.<\/p>\n

About the Global Maritime Forum<\/u><\/strong><\/p>\n

The Global Maritime Forum<\/a> is an international not-for- profit organisation committed to shaping the future of global seaborne trade. It works by bringing together visionary leaders and experts who, through collaboration and collective action, strive to increase sustainable long- term economic development and human well-being. Established in 2017, the Global Maritime Forum is funded through a combination of grants and partner contributions. It operates independently of any outside influence and does not support individual technologies or companies. Most of its roughly 45-person staff is based in the organisation’s headquarters in Copenhagen, Denmark<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

8 January 2025, Copenhagen \u2013 Michael Parker, Chairman of Global Shipping & Logistics, Citi, stepped down as Chair of the Poseidon Principles Association on 31 December 2025, a role he has held since the Association\u2019s founding in 2019. He will, however, remain Citi\u2019s representative on the Steering Committee. Parker said he is pleased to be […]<\/p>\n","protected":false},"author":3,"featured_media":5197,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[6],"tags":[],"class_list":["post-5194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nPoseidon Principles Chair Michael Parker steps down, replaced by current Vice Chair Paul Taylor - 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\/news\/poseidon-principles-chair-michael-parker-steps-down-replaced-by-current-vice-chair-paul-taylor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Poseidon Principles Chair Michael Parker steps down, replaced by current Vice Chair Paul Taylor - Poseidon Principles for Financial Institutions\" \/>\n<meta property=\"og:description\" content=\"8 January 2025, Copenhagen \u2013 Michael Parker, Chairman of Global Shipping & Logistics, Citi, stepped down as Chair of the Poseidon Principles Association on 31 December 2025, a role he has held since the Association\u2019s founding in 2019. 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