TRIPLE BOTTOM LINE / SUSTAINABILITY DISCLOSURE
YES BANK has set new benchmarks in the Indian Banking sector, in the Triple Bottom Line accounting and sustainability disclosures
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YES BANK has set new benchmarks in the Indian Banking sector in Triple Bottom Line accounting and reporting.
YES BANK believes that integrated reporting helps its stakeholders gain a consolidated view of the Bank’s performance across economic, environmental, and social parameters. Since FY 2015-16, the Bank has adopted the Integrated Reporting framework of the International Integrated Reporting Council (IIRC), disclosing its value creation strategy using the capitals model, and reporting the Bank’s performance vis-à-vis its financial, manufactured, intellectual, human, social & relationship, and natural capitals. The Bank’s Sustainability disclosures are in accordance with GRI Standards: ‘Comprehensive’ option as well as mapped to SDG Compass, which aligns GRI reporting framework with the UN Sustainable Development Goals.
In FY 17-18, the Bank became the first Indian Bank to release enhanced sustainability disclosures aligned to the G20 Financial Stability Board’s, Taskforce on Climate-related Financial Disclosures (TCFD) recommendations. And in FY18-19, YES BANK became the first Indian Bank to release enhanced sustainability disclosures based on the Principles for Responsible Banking and TCFD Recommendations.
YES BANK is also the first Indian banking signatory to the UN Global Compact, and has been including its annual ‘Communication On Progress’, in its Sustainability Reports.
YES BANK rated A- (Leadership Band) by CDP for its 2020 Climate Change Disclosures
YES BANK has been rated ‘A-‘ (Leadership Band) by CDP, for its 2020 Climate Change disclosures. YES BANK’s rating surpasses the averages for the global ‘Financial Services’ organizations and for the ‘Asia Region’ which stand at ‘B’ and ‘D’ respectively. The rating reaffirms YES BANK’s position as a leader in sustainability disclosures and climate action.
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