Aligning ship insurance
with climate goals

The Poseidon Principles for Marine Insurance are a global framework for assessing and disclosing the climate alignment of insurers’ hull and machinery portfolios. They enable the insurance sector to implement transparency and they establish a common, global baseline to quantitatively assess and disclose the climate alignment of the portfolios.

The Poseidon Principles for Marine Insurance are supported by a robust and industry-appropriate climate alignment assessment methodology and carefully considered accountability and enforcement requirements that support practical and robust data collection and analysis practices. The Poseidon Principles for Marine Insurance also establish transparency requirements for signatories.

Principle 1: Assessment

Signatories will annually assess the climate alignment of their hull and machinery portfolios using a robust and industry-appropriate methodology outlined in the Technical Guidance
Affiliate members will support signatories by sharing knowledge about the methodology with relevant stakeholders.

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Principle 2: Accountability

Signatories will rely on a well-defined and transparent data collection pathway to gather validated information for all steps of assessing climate alignment.
Affiliate members will support signatories by sharing knowledge about data types, data sources, service providers, and the data collection process with relevant stakeholders.

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Principle 3: Enforcement

Signatories and affiliate members commit to working together, as well as with shipowners, providers, brokers, and business partners, to support the industry in meeting the goals set by the IMO.

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Principle 4: Transparency

Signatories and affiliate members will publicly acknowledge their participation in the Poseidon Principles for Marine Insurance and publish the required information in the Annual Disclosure Report and their own corporate reports each year.

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