Overview
RMI is an independent, non-partisan, non-profit organisation of experts across disciplines working to accelerate the clean energy transition and improve lives. It has a strong track record of partnership with business for environmental outcomes.
For example RMI established the Poseidon Principles, the world’s first sectoral climate alignment agreement. Tailored for the global shipping sector, the Poseidon Principles enable banks responsible for $150 billion in ship finance to adopt carbon intensity targets for their shipping portfolios that follow the sector’s agreed climate target of 50% absolute emissions reduction by 2050.
Our funding helped launch and support the work of RMI’s Center for Climate-aligned Finance, an initiative applying the method and success of the Poseidon Principles to other high-emitting sectors. The Center aims to partner with leading financial institutions to create the agreements, tools and practices to turn climate alignment into specific actions for industries and their financing partners.
Take a look at their website to learn more: https://climatealignment.org/.