Poseidon Principles
Poseidon Principles, headquartered in Denmark (DK), is a leading initiative within the maritime finance sector, focusing on sustainable shipping practices. Founded in 2019, this collaborative framework aims to align financial institutions with the goals of the Paris Agreement, promoting decarbonisation in the shipping industry. The organisation primarily serves banks and financial institutions, providing a unique set of guidelines that facilitate the assessment of climate alignment in ship financing. By fostering transparency and accountability, Poseidon Principles has positioned itself as a pivotal player in the transition towards greener shipping solutions. With a commitment to innovation and sustainability, Poseidon Principles has garnered recognition for its role in shaping industry standards, making significant strides in promoting environmentally responsible practices across major operational regions.
DitchCarbon Score
How does Poseidon Principles's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Poseidon Principles's score of 0 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Poseidon Principles's reported carbon emissions
In 2023, Poseidon Principles reported a carbon intensity of approximately 0.081 kg CO2e per capacity-nautical mile. This follows a trend of decreasing carbon intensity over the years, with earlier figures showing about 0.0157 kg CO2e per deadweight tonnage-nautical mile in 2022 and about 0.02 grams of CO2e per tonne-nautical mile in 2012. Despite these figures, there are currently no disclosed reduction targets or specific climate pledges from Poseidon Principles. The organisation is based in Denmark (DK) and focuses on aligning the shipping finance sector with climate goals, although specific initiatives or commitments to reduce emissions have not been detailed. Overall, while Poseidon Principles demonstrates a commitment to monitoring and reporting carbon emissions, further clarity on reduction strategies and targets would enhance their climate commitment profile.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Poseidon Principles is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
