by Ewa Kochańska

In their first Annual Disclosure Report 2020, the Signatories of the Poseidon Principles have publicised their ship finance portfolios' climate alignment scores for 2019.

As the first sector-specific climate initiative for lending institutions, the initiative demonstrates how the financial sector can help move industries towards a low carbon future by ensuring their investments are environmentally responsible.

With 20 leading banks as Signatories, one-third of global shipping finance power is now part of the Poseidon Principles initiative.

According to the results, just three out of the 15 financial institutions included in the report align with the decarbonisation targets set by the International Maritime Organization (IMO).

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