Skuld announced its commitment to sustainable shipping by signing the Poseidon Principles for Marine Insurance.
According got Ståle Hansen, Skuld president and CEO, “at Skuld we recognize the important role that marine insurance plays in promoting sustainability in the shipping industry, and the Poseidon Principles for Marine Insurance are a powerful example of the tools required if we are to reach our ambitious, and necessary, global environmental goals.”
Sustainability is an integrated part of Skuld’s business operations, and as a signatory, we commit to implementing the Poseidon Principles for Marine Insurance in our internal policies, procedures, and standards, and we look forward to working with our members, clients, and industry partners to achieve a green future for shipping
As Skuld added, the Poseidon Principles for Marine Insurance provide a global framework to quantify and disclose the carbon intensity of an insurer’s marine hull portfolio.
The Poseidon Principles for Marine Insurance are consistent with the policies and ambitions of the International Maritime Organization (IMO), including its ambition for greenhouse gas (GHG) emissions to peak as soon as possible and to reduce shipping’s total annual GHG emissions by at least 50% by 2050 compared with 2008, and to take steps towards measuring portfolio alignment with the Paris Agreement, to achieve net-zero emissions by 2050, and to limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared with pre-industrial levels.
Earlier in January, Poseidon Principles for Marine Insurance published the
first Annual Disclosure Report, as a step forward towards transparency in the maritime and insurance sectors.On average, the Signatories’ portfolios are 12.7% above being aligned with reaching the UN maritime goal of at least 50% reductions of the annual greenhouse gas emissions from international shipping by 2050, compared with their level in 2008.
