PRINCIPLE 4

Transparency

Signatories will publicly acknowledge their participation in the Poseidon Principles for Marine Insurance and publish their climate alignment scores in the Annual Disclosure Report and their own corporate reports each year. Transparency ensures the overall awareness of the initiative and that accurate information can be published by the Secretariat in a timely manner.

We will publicly acknowledge that we are a signatory to the Poseidon Principles for Marine Insurance and we will publish the results of our assessment on an annual basis in line with the Technical Guidance.

1. Upon becoming a signatory, the organisation will publicly acknowledge that it is a signatory to the Poseidon Principles for Marine Insurance.
2. On an annual basis, each signatory will report the overall climate alignment of its shipping portfolio and supporting information, as per the Accountability requirements, to the Secretariat no later than 30 November. This requirement takes effect for each signatory in the calendar year after the year in which it became a signatory.
3. On an annual basis, each signatory will publish the overall climate alignment of its shipping portfolio in relevant institutional reports on a timeline that is appropriate for that signatory. This requirement takes effect for each signatory in the calendar year after the calendar year in which it became a signatory.

Role of affiliate members

1. Upon becoming an affiliate member, the organisation will publicly acknowledge that it is an affiliate member of the Poseidon Principles for Marine Insurance.
2. On an annual basis, no later than 30 November, the affiliate members will submit the annual reporting template for affiliate members.
3. Include the disclosure requirements in relevant institutional reports on a timeline that is appropriate for that institution.

These requirements take effect for each affiliate member in the following calendar year in which it becomes a member.

Learn more about Transparency in the Technical Guidance