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Poseidon Principles aims to raise ambitions very soon

The banks gathered in Poseidon Principles hope to raise their ambitions within the next couple of weeks following an extended period of criticism toward the IMO’s climate goals, which Poseidon has been following until now.

Photo: Global Maritime Forum

Poseidon Principles hopes to raise its ambitions within the next couple of weeks rather than follow the International Maritime Organization’s (IMO) goal of reducing greenhouse gas emissions 50 percent by 2050.

According to Lloyd’s List, Poseidon Principles Chair Michael Parker says the association isn’t obligated to go hand-in-hand with the UN’s maritime organization.

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