“Sustainable Banking for a Sustainable Economy”
Geneva, 18 January 2016: Today, YES BANK, India’s fifth largest private sector bank, joins nearly 200 forward-thinking companies across the globe as the newest member of the World Business Council for Sustainable Development (WBCSD). YES BANK is the first Indian bank to become a member of this prestigious global business community which includes foreign multinationals.
Now in its 12th year of operations, YES BANK is one of the fastest growing banks in India. Since inception, the bank has adopted Responsible Banking as one of its six strategic pillars, along with Growth, Trust, Human Capital, Innovation & Technology and Transparency. YES BANK’s mission is to use innovative business solutions to create stakeholder value and integrate sustainability principles into its core business strategies and processes.
The bank has demonstrated a leadership role in climate finance in India, and has recently announced a series of commitments towards clean energy and social responsibility, in line with Sustainable Development Goals and COP21 outcomes. This is the kind of commitment that is necessary in India and throughout the world.
As WBCSD member, YES BANK will focus on engaging with global business leadership across sectors, geographies and value chains to explore, develop and scale up business solutions that address the world’s most pressing sustainability challenges.
Speaking on the occasion, Mr. Rana Kapoor, Managing Director & CEO, YES BANK, said, “We are proud to be associated with the World Business Council for Sustainable Development, and fully support its global developmental agenda. YES BANK is committed to ‘Building the Finest Quality Bank of the World in India by 2020’ in which its social and environmental responsibilities are seamlessly integrated with business objectives. As a member of WBCSD, YES BANK will be in a great position to further mainstream sustainable development and accelerate the WBCSD’s agenda in India and globally.”
Mr. Peter Bakker, WBCSD’s President and CEO stated, “It’s great to have YES BANK on board. They are doing great work in sustainability already – and we are excited to find opportunities to do more together. The financial sector is critical for global sustainability and India will be a key player in economic growth and development over the next century. In this context, it’s good to know that YES BANK is committed to building a better world and WBCSD is looking forward to supporting them in their efforts.”
Notes to Editors
About YES BANK
YES BANK, India’s fifth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its 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 offers 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 long term mission of “Building the Finest Quality Bank of the World in India by 2020”. To learn more, visit YES BANK’s website and follow them on LinkedIn and Twitter
About the World Business Council for Sustainable Development (WBCSD)
The World Business Council for Sustainable Development (WBCSD), a CEO led organization of some 200 forward-thinking global companies, is committed to galvanizing the global business community to create a sustainable future for business, society and the environment. Together with its members, the Council applies its respected thought leadership and effective advocacy to generate constructive solutions and take shared action. Leveraging its strong relationships with stakeholders as the leading advocate for business, the Council helps drive debate and policy change in favour of sustainable development solutions.
The WBCSD provides a forum for its member companies - who represent all business sectors, all continents and a combined revenue of more than $8.5 trillion, 19 million employees - to share best practices on sustainable development issues and to develop innovative tools that change the status quo. The Council also benefits from a network of 70 national and regional business councils and partner organizations, a majority of which are based in developing countries. www.wbcsd.org
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