Shipping banks to reassess green ambitions after next climate summit

Major banks' climate initiative Poseidon Principles is criticized for being too unambitious. This autumn, the principles will be revised and possibly adapted to meet the outcome of the climate summit in Glasgow, the chair Michael Parker informs ShippingWatch.

Michael Parker, Chair of the Poseidon Principles | Photo: Global Maritime Forum

This autumn, the major banks behind Poseidon Principles plan to review their set of rules following the COP26 climate summit in Glasgow.

The Poseidon Principles, launched in 2019, has been described by several shipping companies as too unambitious.

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