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Sustainability has been a core value proposition to YES BANK since inception, weaving sustainability into its operations as well as creating stakeholder value through positive impact business solutions. The central Responsible Banking team holds the mandate to set and drive the bank’s strategy based on a triple bottom line of financial, social and environmental returns.
While India continues to account for a very low per capita emission level, over the past five years, overall CO2 emissions have risen. Climate change could result in huge economic losses accounting to over 1% of India’s GDP. It is estimated that an investment of over USD 2.5 trillion will be required for India to achieve its emission intensity-reduction targets and adaptation to climate change by 2030. This makes it critical to align the growth agenda with addressing climate change, and for financial institutions to bring their expertise, to the task at hand of integrating sustainability in financing.
YES BANK having realized Sustainability as the future of business has focused on developing a knowledge driven approach to banking, and is striving to drive it through its sustainable finance interventions.
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