POSEIDON PRINCIPLES ANNUAL DISCLOSURE REPORT 2022 RELEASED
Circular Ref: A(22)263
Issue Date: 19 Dec 2022
The 2022 Poseidon Principles Annual Disclosure Report, Poseidon Principles Annual Disclosure Report details emissions data from 28 of the Principles’ 30 signatory banks, and concludes that ship finance portfolios of 7 of these institutions are aligned with the IMO’s initial GHG strategy goal of a 50% emissions reduction by 2050.
The report once again notes that the impact of the COVID-19 pandemic, alongside changes to the methodology, have distorted a number of the signatories climate alignment results. The ICS continues to lobby the Poseidon Principles technical team about their ongoing concerns with this distortion. A letter is attached below providing a detailed overview of the ICS Secretariat meetings with the Poseidon Principles technical team to discuss their ongoing concerns.
Members are encouraged to update the ICS Secretariat with any concerns about the availability of ship finance due to the Poseidon Principles initiative, and to direct comments on the development to Georgia Spencer – Rowland, Senior Advisor Shipping Policy, (georgia.spencer-rowland@ics-shipping.org).