Eleven major shipping banks, including Citi, Societe Generale and DNB, representing a loan portfolio of approximately US$100 bn for the first time integrate climate considerations into lending decisions.

The Poseidon Principles are a global framework for assessing and disclosing the climate alignment of financial institutions’ shipping portfolios.

Michael Parker, Global Industry Head of Shipping & Logistics at Citi., says: “As banks, we recognize that our role in the shipping industry enables us to promote responsible environmental stewardship.

For further information, contact Head of Communications, Torben Vemmelund at tve@globalmaritimeforum.org or +45 2224 1446 or visit www.poseidonprinciples.org.

Source: Corproate Fair Trade Community