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, especially in the Triple Bottom Line accounting and reporting.
As triple bottom line accounting becomes mainstream, the Bank believes that an integrated view on reporting – which looks at financial, human, social & relationship, natural, intellectual and manufactured capital, is the way forward. In FY 2015 – 16, YES BANK released the banking sector’s first sustainability report based on the Integrated Reporting <IR> framework. The Report was also aligned to the GRI G4 Sustainability Reporting Guidelines ‘In Accordance - Comprehensive’, and externally assured. 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.
The Bank’s forthcoming sustainability report (for FY 2016- 17) will be based on the newly-released GRI Sustainability Reporting Standards (released in October, 2016). This will make YES BANK the first Indian bank to release a report based on the latest report standards released by GRI.
YES BANK believes that Integrated reporting will help its stakeholders better understand connections between the Bank’s financial performance and management of its human, natural and intellectual capital, leading to better decision making for value creation. The Environmental, Social and Governance (ESG) disclosures in the Report are structured using the capitals model of value creation, and explains our dependence and impact on the forms of capital that are fundamental to our ability to create value over the long term.
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