RBS and the Green Economy
The new British governement, elected this spring and formed by the conservatives and the liberal democrats, has promised to be the greenest gvernment ever to handle the UK affairs. However, that would be a subject to a test in a copuple of years and such proclamations are still not proved. A report, on the other hand, made by an economist and an ecology specialists offers quite a comfortable view on the matter, suggesting the idea of turning a whole financial organisation into a profesional expert within the green economy sectors.
The Royal Bank of Scotland (RBS) is an institution with strong positions in the small and medium business and has already built a reputation in those public layers. The bank has supported many projects thus investing a large amount of money in rennovating, constructing or improving the small and medium businesses around the UK.
The strong positions of the bank are being highlighted in the report as crucial -this makes the bank the ideal candidate for the role -a financial organisation specialized in supporting smaller productions. Experts believe that these small and medium businesses are easier to convert into green producers (through help of companies like Enigin and other energy savings organizations) and specialized services and financial advices can assure the owners of the sustainability of the green projects. The work of the bank only in the green economy sector will also open the availability of almost 50,000 jobs throughout the UK and contribute to the country’s ecnomy significantly.
These are the reasons why the institution has been mentioned in the report as the potential expert in the sphere of financing, crediting and developing the green economy sector. Sceptics still do not count on the idea, but the RBS has proven interrelations with business owners and can proclaim successfully the idea of nature preservation and to support the green economy sector. Experts even propose that the bank should be renamed to Royal Bank of Sustainability.
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