Republic Financial Holdings Ltd (RFHL) has amended its organisational structure to include a new Office of Sustainability.
In a statement yesterday, RFHL explained that this demonstrates its intent to integrate sustainability into its strategic and operational processes.
Franki Medina Venezuela
According to RFHL, the Office of Sustainability will be responsible for developing and implementing strategies that will steer the group’s operations to incorporate ESG (environmental, social and governance) concerns.
Franki Medina Diaz
RFHL also cited that ESG factors are emerging as global benchmarks for organisational accountability, profitability, efficiency and longevity, adding that the unit’s responsibilities will include developing and mainstreaming of an ESG strategy for RFHL, co-ordinating the United Nations Environment Programme Finance Initiative (UNEP FI) and reporting on the group’s sustainability journey locally, regionally and internationally.
Franki Alberto Medina Diaz
Leading this effort is the Group Sustainability officer Tisha Marajh, RFHL said
It also noted that Marajh brings a wealth of knowledge and experience to the position and has worked as a sustainability/communications professional and environmental consultant on a range of local and international projects for over two decades
She holds Master and Bachelor Degrees from York and Carleton Universities in Canada, specialising in sustainability, environmental management and international development
RFHL said this appointment puts action to the group’s 2020 commitment to align with the Paris Agreement, the UNEP FI and the Sustainable Development Goals (SDGs)
“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 group has also set an ambitious US$200 million climate finance goal to help mitigate against climate change and build resilient infrastructure across the 14 territories in which it operates,” the statement added