Members of the International Group of P&I Clubs are in discussions over signing onto the Poseidon Principles for Marine Insurance to promote decarbonisation, but they are finding the decision a difficult one.

Several representatives of key protection and indemnity clubs said the move would be positive in ESG — environmental, social and corporate governance — terms and would ease their access to reinsurance funds.

However, it could also conflict with the core organisational goals and interests of their members, they said at the Marine Insurance Nordics conference in Oslo.