Republic Bank (EC) Limited has announced a new sustainable energy suite package as part of its service offering to clients.
According to Michelle Palmer-Keizer, Managing Director of the Bank’s EC operations, “This ground-breaking sustainable energy suite is directly linked to our leadership role in supporting sustainable development goal attainment in the region. Specifically, we are keen to move the needle on climate action and the availability of affordable and clean energy. Whether a business owner, an investor or a personal banking customer, we are ready to support with affordable interest rates and preferential terms based on sustainability metrics.”
This latest move further cements the Bank’s commitment to mobilize its customer base to adopt sustainable alternatives. This includes loans to enable the acquisition of hybrid and electric vehicles, plus residential and commercial solar technology integration. The aim is to unlock cost-effective products and solutions which in turn assist businesses and consumers to accelerate the energy transition nationally and beyond.
As the only Caribbean domiciled financial signatory to the UNEP FI Principles for Responsible Banking and a founding member of the UN-convened Net Zero Banking Alliance, the Republic Group has also set an ambitious US$200 million climate finance goal to help mitigate against climate change and build resilient infrastructure across the fourteen territories in which it operates .