#Bridgetown, Barbados, November 21, 2022 – CIBC FirstCaribbean continues its green initiatives with the recent unveiling of electric charging stations at one of its main offices in Warrens and a new installation is planned in a month at its head office.
So far two EV stations have been installed allowing use by two vehicles at a time in one office and two more will be installed at the Michael Mansoor Building, the bank’s headquarters in Warrens. Arrangements have been made at both locations for additional charging ports in the future.
“This is another step on the road to our green journey which has included the introduction of paperless statements for all types of accounts and credit cards, introducing energy-saving protocols in our offices and of course funding green initiatives at the retail and corporate level,” said said general manager Neil Brennan.
He said the bank was “committed to maintaining high environmental standards and conducting our business in an environmentally and socially responsible manner that contributes to long-term value for our customers, our employees, the communities where we operate and our shareholders”.
Brennan said the bank’s Corporate and Investment Banking team continues to “lead the way in sustainability-related finance in the region, having arranged deals totaling nearly $500 million to date.” Indeed, we are the largest commercial lender to the regional renewable energy sector with over $200 million in committed and upcoming commitments.”
He noted that for the “second year in a row, our dedicated corporate team has won the Caribbean Renewable Energy Forum’s Best Renewable Energy Finance Award, a true testament to their commitment and drive in this key area. “.
Last month, CIBC FirstCaribbean, in conjunction with Credit Suisse and with support from The Nature Conservancy and the Inter-American Development Bank, successfully completed a US$146.5 million dual-currency blue loan and blue bond. for the Government of Barbados. This funding will, in part, enable Barbados to protect its marine environment and fund other environmental and sustainable development projects over the next 15 years.
Photo caption: Staff vehicles use the EV station installed in one of the bank’s offices in Barbados.
Exit: First Caribbean