On Monday morning, during Earth Day, Aruba Bank made history by solidifying its partnership with the Government of Aruba. Under the leadership of Minister Arends and key institutions, a pioneering framework for climate risk and vulnerability assessment will take place over the next 14 to 18 months for the study of the “Climate and Ocean Risk & Vulnerability Index,” This significant partnership was celebrated during the Earth Day Forum, organized by the Minister of Transportation, Infrastructure, Environment, and Elderly Affairs, under the theme “Climate Resilience.”
The official signing ceremony took place in the presence of esteemed partners and dignitaries, marking a momentous occasion in Aruba’s journey towards climate action. Among those present were Ramon Mas, Head of Corporate & Platinum Banking, and Kathy Scholliers, Head of Risk & Compliance, representing Aruba Bank.
CORVI, a comprehensive climate risk instrument driven by data, incorporating ecological, financial, and political pillars, will produce over 100 indicators. A new health pillar was also developed, where Aruba is the first country to include it as part of the CORVI model and evaluation. This inclusion underscores the bank’s dedication to holistic well-being as well as our leadership in addressing climate-related risks in the financial sector.
Aruba Bank’s support for CORVI reflects its commitment to corporate responsibility and sustainable banking practices. By providing valuable insights and expertise, the bank aims to contribute to the development of innovative solutions that reduce climate risks and promote resilience for the long term.
