Eleven banks sign principles in order to distribute useful financings to the decarbonizzazione of the shipping



The eleven banks Cite, Societe Generale, ABN Amro, Amsterdam Trade Bank, Danske Bank, Danish Ship Finance, DNB, DVB, Crédit Agricole, ING and Nordea has constituted today the Poseidon Principles Association, directive organ that it will supervise to the application of the Poseidon Principles, picture of addresses in order to estimate and to disclose the alignment of the financial pocketbooks in the naval field to initiatives in order to reduce the environmental impact of the shipping, online with the objective of a reduction of 50% of the emissions within the 2050 fixed one from the International Maritime Organization(on 13 April 2018). The value of the pocketbook in the field of the shipping of the eleven financial institutions piles to about 100 billion dollars.

In particular, the Poseidon Principles promote a future to lowlands carbon emissions for the marine industry integrating considerations of environmental character in the credit pocketbooks of the banks, considerations on the climate that will be integrated in the decisional processes for the concession of loans with the scope to stimulate the decarbonizzazione of the marine transport.

To the definition of the Principles, besides the banks, companies A.P have participated. Møller-Mærsk, Cargill and Euronav, the society of classification Lloyd's Register and the law firm Watson Farley & Williams with the support of experts supplied from Global the Maritime Forum, of Rocky Mountain Institute and the London Energy Institute University College.

The promoters of the initiative, that he is opened to the subscription of other financial institutions, in particular Asian, have specified that these Principles are destined to evolve themselves in the time in consideration of the fact that the IMO adapts to its policies and own regulations and that in future they could be identified ulterior effects negatives on the atmosphere and the society.

"As banks - Michael Parker has asserted, responsible for the field of the shipping and the logistics of Cites and president of the editing committee of the Poseidon Principles - we recognize that our role in the within of the industry of the shipping allows us to promote a management in charge of the atmosphere in all the marine field. The Poseidon Principles will not only serve to improve the decisional process to strategic level of our institutes, but they will create also a better future for the industry of the shipping and our society".