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Sunday, May 25, 2025

Republic Bank to host Caribbean Climate Financing Summit

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1292 days ago
20211110
Net Zero Banking Alliance (NZBA) president and CEO Nigel Baptiste

Net Zero Banking Alliance (NZBA) president and CEO Nigel Baptiste

Re­pub­lic Group in col­lab­o­ra­tion with New En­er­gy Events has an­nounced the launch of the in­au­gur­al Caribbean ESG (En­vi­ron­ment, So­cial and Gov­er­nance) and Cli­mate Fi­nanc­ing Sum­mit to be held on No­vem­ber 17 to 18.

In a state­ment the group said the im­por­tance of sus­tain­able busi­ness prac­tices is now more ap­par­ent in all the Re­pub­lic Group’s mar­kets and as such there is need to in­crease its in­volve­ment and sup­port in this space.

The main aim is that this sum­mit will bring to­geth­er Caribbean bor­row­ers, lenders and in­vestors and act as a cat­a­lyst in the cre­ation of a new fi­nanc­ing ecosys­tem, it added.

“Over the course of what the Group hopes will be two rich and deeply in­ter­ac­tive days, a case will be made that ESG fi­nanc­ing is an agent, for growth and long-term com­pet­i­tive­ness. Fur­ther­more, there will be dis­cus­sion on fi­nanc­ing tools cur­rent­ly avail­able and the play­ers al­ready ac­tive in this space,” the Group added..

Speak­ing on Re­pub­lic Group’s com­mit­ment to the Net Ze­ro Bank­ing Al­liance (NZ­BA) pres­i­dent and CEO Nigel Bap­tiste said, “We in­tend to play an ac­tive role, along­side oth­er cor­po­rate en­ti­ties, gov­ern­ments and the wider in­dus­try, in es­tab­lish­ing and aid­ing the mo­bil­i­sa­tion of pri­vate cap­i­tal to ad­dress cli­mate change. This tran­si­tion to a low-car­bon econ­o­my re­quires all stake­hold­ers to look at our fi­nanc­ing ac­tiv­i­ties holis­ti­cal­ly and as­sess what needs to done to bring that in align­ment with our ini­tia­tives.”

The group’s in­volve­ment in this event along with the oth­er ini­tia­tives pre­vi­ous­ly an­nounced through NZ­BA will con­tribute to and de­liv­er on its Sus­tain­able De­vel­op­ment Goals of the Prin­ci­ples of Re­spon­si­ble Bank­ing frame­work which it signed on­to in 2020.


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