Poseidon Principles for Marine Insurance: the "factual matrix" of H&M policies?

The European Union's (EU) Framework to Facilitate Sustainable Investment (the Taxonomy Regulation) and other voluntary frameworks, such as the Climate Bonds Initiative or the Green Bond Principles, are concerned with assisting banks and financiers manage the risks associated with "greenwashing" - where the sustainability performance of a financial product misleads investors and stakeholders.1

Yet risk management strategies for the facilitation of green sectoral transitions are yet to be comprehensively taken up by insurers, despite the fact that insurers are likely to be at least partially responsible for the liability accruing to such risks. ²