Cayman National Bank has been named Bank of the Year 2022 for the Cayman Islands.
The Banker magazine, a UK-based publication, recognised CNB for distinguishing itself among its peers with its sustainability plans.
The lender is now part of the UN Environment Programme Finance Initiative, a partnership between the UN Environment Programme and the financial sector to support sustainable development.
The bank has integrated environmental, social and governance goals into its decision-making process.
Through the Principle of Responsible Banking strategic initiative, it has focused specifically on the pillars of gender equality, climate change and renewable energy.
Joy Macknight, editor of The Banker, said Cayman National Bank is leading its peers in its commitment to sustainability, embedding environmental, social and governance goals in its decision-making at every level. “Its advances in gender equality is highly commendable, as now 42% of the bank’s leadership roles are held by women.”
The bank said its goal is to continue to develop gender diversification across the company with a specific focus on corporate-level executives.
The bank is also working on providing guidance to female entrepreneurs via a partnership with the Cayman Islands Centre for Business Development.
Through this partnership it provides financial assistance for female-led businesses, as well as takes part in a number of initiatives to encourage female entrepreneurs.
Moreover, CNB has enhanced communication for green lending opportunities through its new Green Living campaign. Opportunities include lending for energy-efficiency products such as insulation, solar panels, LED fixtures, and hybrid and electric vehicles.
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