A bid by shipping banks to encourage reduction in vessel carbon emissions is drawing strong support from the industry’s champion of corporate governance practices.
Equity analyst Michael Webber of Wells Fargo Securities said he will be incorporating owners’ disclosure of their emissions levels into his annual governance “scorecard” in support of the groundbreaking Poseidon Principles initiative.
Webber is sending out word of his intentions this week to more than 50 public shipowners measured in his yearly rankings, which have become closely watched by investors increasingly concerned with governance practices.
