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.