French export credit agency Bpifrance Assurance Export has become the 17th signatory to the Poseidon Principles.
The agency, which is part of France's national investment bank Bpifrance, is the first credit insurer to sign up to the green lending initiative. The Poseidon Principles programme aims to align lenders with the IMO's plans to cut carbon emissions.
The company said it has made its commitment to the Poseidon Principles scheme on behalf of the French state.
