Republic Financial Holdings Limited (RFHL) has exceeded its US$200 million climate finance target, marking a significant milestone in the Group’s drive to advance sustainable finance across the Caribbean and other markets in which it operates.
The target, which was set in 2021, formed part of RFHL’s broader commitment to responsible banking practices and alignment with global net-zero and climate resilience frameworks.
A statement issued by the bank’s Corporate Affairs and Communications Department said the initiative sought to mobilise lending and investment to support climate-focused projects throughout the Group’s operating territories.
According to the statement, RFHL has deployed approximately US$235.5 million in climate-related financing, surpassing the initial target by nearly 18 per cent, or about US$35.5 million.
Renewable energy projects accounted for the largest share of the climate finance portfolio, representing 46.46 percent of total climate lending and investment undertaken by the Group.
The financing supports individuals and businesses engaged in climate-adaptive and climate-resilient initiatives across a range of sectors, including renewable energy, sustainable transportation, energy efficiency, sustainable agriculture and other climate solutions aimed at delivering long-term environmental and economic benefits.
Commenting on the achievement, Group President and Chief Executive Officer of RFHL, Mr Nigel Baptiste, said exceeding the US$200 million target reflected the increasing demand for sustainable finance across the region.
He noted that the milestone also highlighted the critical role financial institutions play in supporting the transition to more resilient, low-carbon economies.
