The second Poseidon Principles for Marine Insurance (PPMI) annual report indicates its signatories are slipping behind in their attempts to align with the International Maritime Organization’s decarbonisation goals.
Overall, the PPMI found in 2022 that on average its 10 signatories were performing 13.6% above the pathway to achieve the IMO’s goal for a 50% reduction in carbon emissions by 2050, compared with 12.4%
