The Poseidon Principles have announced the addition of three Japanese banks, committed to the cause of championing responsible ship finance.
With the addition of Iyo Bank, Chugoku Bank and Hiroshima Bank, the association now counts 33 Signatories. Adopted in 2019, the Poseidon Principles provided the first worldwide framework for incorporating climate factors into loan choices, paving the door for responsible ship finance that will aid the industry’s decarbonization race.
Masayuki Okamura, General Manager of Shipping Finance Division, Hiroshima Bank, stated that Hiroshima Bank is honoured to join the Poseidon Principles.
Through their participation in this global initiative, they will support our customers’ sustainable growth and further development of the maritime sector, Okamura noted.
The Chugoku Bank will continue to support our clients’ business for addressing climate change in the shipping industry and achieving a sustainable society.
… said Kenji Ono, General Manager of Solution Business Department The Chugoku Bank
Finally, Koichi Sato, Executive Officer, General Manager of Ship Finance Division, The Iyo Bank, supplied the information that based on the group’s corporate philosophy which is Creating a bright and prosperous future for the region, they have implemented environmental policy and are actively and continuously working to support our customers’ efforts to reduce carbon emissions.
By signing the Poseidon Principles, we will fulfil our social responsibility to make our local industry of shipping and shipbuilding more resilient for climate change and sustainable business.
… commented Koichi Sato