Ship lenders are aligned to 2050 decarbonisation goals, for now
A pioneering disclosure report by the Poseidon Principles initiative showcases a very close average climate alignment of 2019 portfolios of shipping lenders, but with significant variations among members and only three outperforming the necessary decarbonisation trajectory of the shipping fleet
The average carbon intensity performance of 15 lending institutions’ shipping portfolios for 2019, was marginally short of meeting a trajectory compatible with International Maritime Organization’s emissions reductions targets