Republic Financial Holdings Limited (RFHL) has signed on to the United Nations Principles for Responsible Banking — a partnership with banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).
The Principles for Responsible Banking set out the banking industry’s role and responsibility in shaping a sustainable future and aligns the banking sector with the objectives of the UN Sustainable Development Goals and the 2015 Paris Climate Agreement.
These principles enable a bank to embed sustainability across all its business areas and to identify potential opportunities to make the most impact in contributing to a sustainable world.
In a statement, Nigel Baptiste, president and CEO of RFHL, said: “We are proud to be the first signatory in the English-Speaking Caribbean to the UNEP FI Principles for Responsible Banking. As we go forward at a Group level we intend to spread this out, and let Republic Bank be the cheerleader of this initiative for the Caribbean.”
“We will be setting targets for the Group that will carry us forward into 2030,” Baptiste said, adding that he hopes the organisation will make a difference in poverty, education, the role of women in society, climate change, sustainable agricultural practices and the blue economy and more.
“From a Republic Group’s perspective, our commitment is to make a positive difference,” Baptiste added.
By becoming a signatory of the UN Principles of Banking, the Republic Group is further committing to making a positive difference in the communities and countries in which it operates, the bank said.