PORT OF SPAIN (TRINIDAD AND TOBAGO) – JUNE 17, 2022

Financial institutions worldwide have incorporated climate change-related risks into their core activities. Trinidad and Tobago’s financial institutions’ environmental agenda will centre on optimizing renewable energy production and energy efficiency in alignment with global sustainability and responsible investment-related investments. This was one of the key takeaways from a report prepared by Oxford Business Group (OBG) in partnership with RBC Royal Bank (RBC).

Speaking at an event titled Renewable Energy – Transition for Trinidad and Tobago hosted by the Bank, OBG’s Regional Editor for The Americas, Harry van Schaick, told participants: “We really are at a pivotal moment, as we all know there is global conversation around sust ainability that has grown and shifted substantially. We have cheap renewable technology and more environmentally minded citizens. And really on the business level this has translated into advances in ESG (Environmental Social Governance).”