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Time to take action

Businesses need to start using renewable energy

It’s time for businesses to stop talking about using renewable action and actually do it.

And financial institutions need to make it easier to get money for those companies to take action.

Those were among some of the points of advice offered by CEO/founder of St Kitts/Nevis based company Alternative Energy Technology (ALETECH) Malcolm Knight at an RBC Royal Bank-hosted seminar held last week at the Hilton Barbados to share with members of the business communitypractical examples of how companies can integrate sustainable practices into their companies, save money and improve their corporate reputation, and also featured exhibits from several renewable energy companies.

Malcolm Knight and James Husbands

Malcolm Knight and James Husbands

Knight, keynote speaker at the event themed Reducing Energy Costs To Boost Your Business, demonstrated that through collaboration companies can integrate sustainable practices into their operations.

He said it was time that businesses in the Caribbean stop talking about using renewable sources and take action. And as he urged businesses to see renewable energy options as investments for their businesses, he also asked companies like RBC to be more open to providing the financing.

In response, RBC’s Caribbean Banking Head, Commercial and Capital Markets, Tim Rider, explained how the bank currently looks at financing for some renewal energy products, such as solar panels and reiterated that the bank was open to discussions with clients about meeting their needs in this regard.

Tim Rider

Tim Rider

In his address, Rider reiterated RBC’s commitment to the environment, indicating that on April 22 RBC was recognised as one of Canada’s Greenest Employers for 2014 – the sixth time the bank has received this accolade.

He also referenced the bank’s Environmental Blueprint, an internal document that sets out a roadmap for how it will approach environmental sustainability from now until 2018. It includes targets for it operations globally.

Newly appointed managing director for RBC Barbados, Robert de Silva, noted the Government’s intention to make Barbados the greenest economy in Latin America and the Caribbean and said the bank was willing to look at ways to help its clients contribute to this laudable goal.

Participants at the seminar were also given guidance on building a more sustainable country by encouraging businesses to change their thinking about sustainable energy, developing a plan and strategy for energy efficiency, and taking risks. (PR)


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