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Poseidon Principles: 15 financial institutions disclose the climate alignment of their ship finance portfolios COPENHAGEN, Dec. 15, 2020 /PRNewswire/ -- In a first-of-a-kind climate finance report, 15 Signatories of the Poseidon Principles disclose the climate alignment score of their ship finance portfolios. The Poseidon Principles Annual Disclosure Report 2020 shows that 3 banks' ship finance portfolios are aligned with UN decarbonization targets while 12 banks' portfolios are not. The climate assessment offers banks new insight into their lending decisions and provides opportunity to work...

Digital MRV and DCS reporting streamlines the verification process As the third reporting year of the EU Regulation on the monitoring, reporting and verification of carbon dioxide emissions from maritime transport (EU MRV Regulation) and the second year of the similar IMO Data Collection System (DCS) on fuel consumption come to a close, the reporting process has become part of ship operators’ routines. As with every new regulation, it has taken the industry some time to understand the mechanism and the pitfalls of these two emissions reporting and verification schemes, which are similar but...