Poseidon Principles Featuring Michael Parker Of Citi

Podcast Summary

Featuring Mr. Michael Parker, Chairman, Global Shipping, Logistics & Offshore - Citi

Interviewed by: Mr. Dan Rodgers, Partner - Watson Farley Williams

Overview:

• Banks, as major capital providers, to support the IMO’s objectives and adopt Poseidon Principles for responsible ship finance…

• …by pursuing portfolio composition that has a higher environmental alignment grade.

• Signatories, banks and shipping companies, to use reporting mechanisms and publicize emissions’ trajectory

• Reporting mechanisms development underpinned by transparency induces higher credibility

• Green Shipping Bonds: although fluid taxonomy, they are expected to drive real positive environmental results.

• Shipping to move from being laggard to being at the forefront of global sustainability efforts