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Poseidon banks reject emissions snapshot

Banks say coronavirus and a change to the emissions methodology distorted the results, making idle cruiseships and ferries look dirtier than they really are

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Banks have complained after the Poseidon Principles’ latest report showed just 11 out of 23 shipping portfolios were on track to meet the International Maritime Organization’s 50% CO2 reduction target. They say coronavirus and the metric change made the data hard to compare with a year ago, but gathering it still helped them steer their customers toward greener fleets

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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