Republic Bank Holdings surpasses $200m for climate finance
REPUBLIC Financial Holdings Limited (RFHL) has exceeded its $200 million climate finance target, deploying approximately $235.5 million in financing for climate-focused projects across its markets in the Caribbean and Africa.
The milestone, announced recently, surpasses the original goal set in 2021 by nearly 18 per cent—or more than $35.5 million.
The target formed part of RFHL’s commitment to responsible banking principles and alignment with global net-zero frameworks, aimed at mobilising lending and investments to support climate mitigation, adaptation, and resilience initiatives.
Renewable energy
Renewable energy has been the leading sector, accounting for 46.46 per cent of the total climate finance deployed.
Sustainable transport follows closely at 40.28 per cent, with additional contributions from areas such as energy efficiency, sustainable agriculture, and other climate-resilient solutions that benefit individuals, businesses, and communities.
Geographically, Trinidad and Tobago leads with 42.17 per cent of the total activity, followed by Barbados at 25.36 per cent.
Guyana and Ghana contribute 12.17 per cent and 10.36 per cent, respectively, reflecting robust demand for sustainable finance across both regions.
The Group President and CEO of RFHL, Nigel Baptiste, highlighted the significance of the achievement.
“Surpassing our $200 million climate finance target demonstrates the growing appetite for sustainable finance within the region and underscores the critical role financial institutions can play in supporting the transition to more resilient, low-carbon economies,” he said.
Mr Baptiste also credited the collective efforts of teams across the Group’s branches, units, and subsidiaries for driving this success.
“Their commitment continues to deliver meaningful impact in climate resilience, sustainable development, and shared prosperity across the markets we serve,” he stated.
Looking ahead, RFHL reaffirmed its dedication to expanding its sustainability agenda. The Group plans to continue prioritising climate-related projects, increasing access to funding—especially for low-income and vulnerable communities—and providing technical assistance to advance climate adaptation and mitigation efforts.
This accomplishment positions RFHL as a leader in sustainable finance in the Caribbean and beyond, contributing to broader regional and global goals for environmental and economic sustainability.