Reports highlight key recommendations for sustainable business practices
New Delhi, February 06, 2014:On the occasion of TERI’s Delhi Sustainable Development Summit (DSDS), YES BANK and TERI BCSD released two knowledge reports ‘Survey of Green Real Estate Sector 2014’ and ‘India’s Natural Capital Leaders – A Compendium’. The reports were released by the Chief Guest for the event, Dr. Shashi Tharoor, Minister of State for Human Resources Development, along with Dr. R. K. Pachauri, Director-General, TERI, Mr. John Bryson, former US Secretary of Commerce and Ms. Namita Vikas, Senior President & Chief Sustainability Officer, YES BANK.
The ‘YES BANK – TERI BCSD Survey of Green Real Estate Sector 2014’ provides a comprehensive multi-stakeholder perspective on challenges, gaps and key drivers for the growth of the sector in India. The survey highlights the lack of awareness about benefits of green buildings and unavailability of preferential lending rates as the biggest challenges in the real estate sector, while underscoring the urgent need for all stakeholders to work towards its growth. The second report, ‘India’s Natural Capital Leaders – A Compendium’, aims to provide insights on climate change mitigation practices, followed by Indian businesses and identifies water conservation and GHG emission reporting as key strategic practices.
Commending the joint efforts of TERI-BCSD and YES BANK, Dr R. K. Pachauri, Director-General, TERI said, “Such initiatives bring to fore the importance of effective sustainability practices by businesses. I congratulate YES BANK for their leadership role in mainstreaming sustainable development in their plans and practices.”
Mr. Rana Kapoor, Managing Director & CEO, YES BANK said, “These reports reiterate our commitment to providing research insights for key environmental issues that Indian industry faces today. The Green Real Estate Survey aims to align the real estate sector along sustainability parameters, thus shaping India’s national mission of promoting sustainable habitat. The Natural Capital compendium, on the other hand, presents best practices in sustainable development that can be replicated across industry to achieve resource efficiencies while simultaneously mitigating impact on the environment.”
Speaking on the occasion, Ms. Namita Vikas, Senior President & Chief Sustainability Officer, YES BANK said “The reports reflect the depth of our association with TERI BCSD to facilitate research on climate change mitigation and Natural Capital conservation in India. We believe it is important to present a first-person view of perceived impediments to growth and offer credible solutions towards mainstreaming green buildings in India. The Compendium presents interesting case studies on natural capital conservation and emphasizes the need for industry to incorporate the preservation of natural resources such as water, land, biodiversity and other dependent services into their operational strategies. These two reports would help corporate houses integrate sustainable practices into their core operations.”
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YES BANK, India’s fourth largest private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and his top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India.
YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. YES BANK has a knowledge driven approach to banking, and a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the vision of “Building the Best Quality Bank of the World in India”.
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