The Poseidon Principles has added its 30th signatory, German export credit giant KfW IPEX-Bank.
The addition means the Global Maritime Forum initiative, a framework to bring climate considerations into ship lending decisions, covers 65% of the global ship finance portfolio, said Poseidon Principles for Financial Institutions chair Michael Parker.
“I am delighted to welcome them as our 30th signatory and am certain they will contribute significantly towards our aim of promoting responsible environmental stewardship throughout the maritime value chain,” said Parker, who is also Citi’s chairman for global shipping, logistics and offshore.
