Only seven banks in Poseidon Principles comply with climate goals for shipping

Only a quarter of financial institutions that are part of climate initiative Poseidon Principles live up to IMO climate targets, according to an overview. Chairman remains confident.
Photo: Ty Stange/Global Maritime Forum
Photo: Ty Stange/Global Maritime Forum

A quarter of banks that have committed to the Poseidon Principles manage shipping portfolios that comply with the International Maritime Organization’s (IMO) climate targets for shipping.

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