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Three banks adopt the Poseidon Principles

Two Norwegian banks and one French have acceded to new climate requirements from a number of major banks, the so-called Poseidon Principles. The banks behind the principles have previously said they expect that up to 90 percent of the world's shipping banks wll join within 12 months.

Photo: Global Maritime Forum

Another three banks have adopted the climate requirements for shipping drawn up by a number of major banks.

These are known as the Poseidon Principles, and they were set out by 11 major banks, including Citi, Norway's DNB and France's Societe Generale. Since their inception, more banks have joined.

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