Poseidon Principles Featuring Michael Parker Of Citi

Published: Dec. 16, 2019, 4 p.m.

b'Featuring Mr. Michael Parker, Chairman, Global Shipping, Logistics & Offshore - Citi\\nInterviewed by: Mr. Dan Rodgers, Partner - Watson Farley Williams\\nOverview: \\n• Banks, as major capital providers, to support the IMO’s objectives and adopt Poseidon Principles for responsible ship finance…\\n• …by pursuing portfolio composition that has a higher environmental alignment grade.\\n• Signatories, banks and shipping companies, to use reporting mechanisms and publicize emissions’ trajectory\\n• Reporting mechanisms development underpinned by transparency induces higher credibility\\n• Green Shipping Bonds: although fluid taxonomy, they are expected to drive real positive environmental results.\\n• Shipping to move from being laggard to being at the forefront of global sustainability efforts'