Poseidon Principles Managed Reporting Service
Enabling banks and insurers to streamline their compliance with the Poseidon Principles, including data collection, validation, and independent emissions calculations
The Poseidon Principles establish a framework for assessing and disclosing the climate alignment of ship finance, and hull and machinery portfolios. Signatories face the challenge of collecting a large volume of complex data from shipowners, and segmenting, validating, and analyzing the data to meet the Poseidon Principles reporting requirements.
With disparate data points to sort and different calculations to perform, the lack of consistency in the data received from shipowners complicates the once-a-year reporting process. We help both banks and insurers streamline their compliance by managing the data collection, cleansing, validation, and calculation processes on their behalf as part of an outsourced managed service.
Our managed reporting service is built upon our industry-leading maritime and trade data and expertise, combined with the data quality, integration and workflow automation capabilities of our Enterprise Data Management (EDM) platform, which is used by more than 200 organizations across multiple industries (including financial services, oil and gas, maritime and shipping).
Our poseidon principles managed reporting service includes
- Collecting, validating and calculating the required data and metrics on behalf of the signatory in accordance with Poseidon Principles technical requirements.
- Automating the shipowner outreach process, as well as the identification of any inconsistencies in the reported data.
- Completing any data gaps using our proprietary maritime data sets and methodology.
- The Poseidon Principles signatory then views their emissions metrics and portfolio alignment via our reporting dashboard.
- The signatory approves the end-of-year report and submits it to the Poseidon Principles Secretariat.
Key Benefits
Maritime heritage
The Poseidon Principles Managed Reporting Service draws on our 300+ years of maritime industry experience, including our role as managers of the International Maritime Organization (IMO) number schemes.
Independence
The managed reporting service enhances the credibility of disclosures to the Poseidon Principles Secretariat through access to our independent maritime emissions data and experts.
Transparency
User-friendly web dashboards provide transparency to support decision-making and maintain confidence in the data that is submitted to the Poseidon Principles Secretariat.
Data management expertise
The managed reporting service leverages the robust data management capabilities of our EDM platform, which is used by more than 200 organizations across multiple industries to solve complex data challenges, including reporting.
Business and operational insights
In addition to streamlining compliance with the Poseidon Principles, the data collected by our managed reporting service can be used to optimize and increase the sustainability of shipping operations. Our data-agnostic platform can be used to support additional emissions and wider sustainability analytics that can be integrated with proprietary and third-party data and systems.
Data quality and validation
Collected measured data is cross-checked against our proprietary datasets, including AIS, ports and berths, and ship particulars. Our extensive proprietary data can also be used to provide estimations for missing data. Robust data validation capabilities give users confidence in the quality of data that is used in decision-making.
Total cost of ownership
The service helps you manage the total cost of compliance by automating and outsourcing data-intensive processes to us. Our platform is hosted in the cloud via Amazon Web Services (AWS), maximizing flexibility and scalability, and minimizing time-to-market.
Dedicated operations team
Our managed reporting service is supported by a global team who are responsible for outreach on behalf of signatories, as well as monitoring the data collection and validation process.
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- Best Corporate Actions Data Initiative, 2023
- Best Overall Sell-Side Technology Provider, 2023
- Most Innovative Regulatory Solution (Climate Risk & Transaction Reporting), 2023
- Best Overall Data Product or Service, 2023
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