The Poseidon Principles welcomed CaixaBank as the latest Signatory and the first Spanish bank to join.
aixaBank commits to collecting emissions data related to its ship finance portfolio, and to publicly reveal how its ship finance activities align with global climate goals.
The bank joins 28 existing Signatories, jointly representing over 50% of the global ship finance portfolio: ABN Amro, BNP Paribas, Bpifrance Assurance Export, Citi, Credit Agricole CIB, Crédit Industriel et Commercial, Credit Suisse, Danish Ship Finance, Danske Bank, DekaBank, Development Bank of Japan, DNB, Export Finance Norway, Finnvera, ING, MUFG Bank, Nordea Bank, OCBC Bank, SACE, SEB, Shinsei Bank, Société Générale, SpareBank 1 SR-Bank, Sparebanken Vest, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Finance & Leasing, and Sumitomo Mitsui Trust Bank.
This initiative represents a major milestone in our sustainability strategy and provides testimony to our commitment to support shipping clients in their pursuit of climate neutrality
said Roger Torrella, Executive Director of Asset Finance, CaixaBank.
Poseidon Principles Signatories benchmark the climate intensity of their ship finance portfolios against the IMO’s ambition to reduce greenhouse gas emissions from international shipping by at least 50% by 2050. The scores are made public on an annual basis.
I am pleased to welcome CaixaBank to the Poseidon Principles and am encouraged by the increasing diversity of banks among our ranks. The maritime sector’s success in tackling shipping decarbonization will in large part depend on collaboration
added Michael Parker, Chairman of Global Shipping Logistics & Offshore at Citi and Chair of the Poseidon Principles Association.
During May, the Poseidon Principles for Marine Insurance announced that they entered into force, after the number of its Signatories surpassed the threshold of eight, with Navium and AXA XL being the latest Signatories.