The Poseidon Principles, embraced by 80% of global ship finance, have aligned with the IMO’s net-zero emissions ambition by 2050, reflecting a commitment to climate action and transparency in maritime lending decisions. Despite industry challenges, such as port congestion and personnel shortages, the principles have shown significant progress in decarbonization efforts, with a +95.4% reporting percentage indicating growing industry recognition of the importance of transparency and collaboration in achieving sustainability goals. The publication of the 2023 Annual Disclosure Report highlights the shipping finance sector’s leadership in fostering a more sustainable future for the maritime industry.
Topic: Regulation
Analysis on interaction of CII with GFS: Calibrating IMO energy efficiency and fuels targets
To recommend effective strategies for the shipping sector to achieve the IMO emission reduction targets
Carbon Accounting for Sustainable Biofuels
To examine the challenges related to the carbon intensity of biofuels and emphasize the importance of transparent and science-based carbon accounting for sustainable biofuels. This report seeks to identify the factors contributing to the variability of lifecycle GHG emissions, particularly land use changes, and provides insights into regulatory frameworks across different regions. The goal is to propose pragmatic and performance-based policies that foster continuous improvement and attract necessary investments, thus ensuring the large-scale deployment of biofuels aligns with climate goals.
Cost of Regulatory Compliance Lower with LNG
To provide information on the impact of alternative fuels choice
Review of maritime transport 2023; Towards a green and just transition
To analyze trends in seaborn trade, global shipping services, freight rates, infrastructures at ports in 2023. etc., and discuss challenges in relation to the transition to decarbonization
Evaluating the Carbon Intensity Indicator (CII): Challenges and Recommendations for Improvements
To highlight the need for the improvement of the International Maritime Organization’s (IMO) Carbon Intensity Indicator (CII) regulations based on a thorough review of current issues and literature. The study examines key challenges through online surveys and interviews with Belgian shipping companies, identifying and ranking the most urgent areas for improvement. The goal is to provide policy recommendations for stakeholders based on the identified priorities.
Taking Action on Operational Efficiency (Operational Efficiency Ambition Statement Actions Report)
To analyze the experience and content of 26 shipping companies introducing 70 measures aimed at improving operational efficiency and reducing GHG emissions.
Based on this, in order to improve ship operation efficiency, the report describes key issues and related cases in which interested organizations, such as ship owners, charterers, management companies, ports, and terminals closely related to ship operation, should cooperate with each other.
2024 EPS ESG Report
To demonstrate the ESP’s commitment to environmental stewardship, social responsibility, and governance practices, and to highlight various initiatives and achievements in reducing carbon emissions and promoting sustainable practices.
Assessing impacts of EU and US policies on accelerated deployment of alternative maritime fuels
To evaluate the impact of policies, analyzing how recent climate policies from the EU and US, specifically the US Inflation Reduction Act and EU ETS along with the FuelEU Maritime Regulation, affect the adoption and deployment of alternative marine fuels.
To identify the investment implications of these policies, focusing on the synergies of the US and EU policies.
To provide actionable insights for stakeholders.
Net zero and UK shipping
To examine the UK Government’s approach and progress towards decarbonizing the shipping sector, including international and domestic shipping, to meet net-zero emission goals, and to recommend necessary steps to ensure that the maritime sector of the UK will contribute to global emissions reductions