Sumitomo Mitsui FL becomes first leasing company to join Poseidon Principles

Sumitomo Mitsui Finance and Leasing (SMFL) has become the first specialist leasing company to join the Poseidon Principles for responsible and sustainable ship finance.

It is also only the second Japanese ship financer to sign up, following in the footsteps of Sumitomo Mitsui Trust Bank.

Poseidon Principles Association chair Michael Parker, chairman of global shipping, logistics and offshore at Citi, has previously told TradeWinds he expects to see more banks sign up.