EF Marine is an Affiliate Member of the Poseidon Principles for Marine Insurance (PPMI), a global framework to quantify and disclose the carbon intensity of insurers’ marine portfolios.

We support a 50% reduction of annual CO2 emissions by 2050, compared to 2008, in line with the International Maritime Organization’s Initial Green House Gas Strategy and one with a 100% reduction of emissions by 2050. The principles provide a common tool to monitor progress over time, supporting the goals of the Paris Agreement.

The Poseidon Principles for Marine Insurance are founded on the methodology used in the Poseidon Principles for financial institutions and were developed in an effort spearheaded by leading marine insurers and industry stakeholders with support from the Global Maritime Forum, Swiss Re Institute and UMAS.