Mumbai, 10th November 2015:YES BANK, India’s fifth largest private sector bank, has been announced as a Climate Disclosure Leader for the fifth consecutive year in the Climate Disclosure Leadership Index (CDLI)2015 of CDP.
In recognition of the Bank’s efforts in climate change and sustainability space,YES BANK scored 98 points out of the maximum 100 points,on the CDLI leader board, making it a joint 3rd on the India leader-board at the CDP Climate Change Report 2015, India Edition, among the 62 companies that responded to CDP. The report recognizes companies with the highest level of disclosures on climate change mitigation, adaptation and transparency.
Mr. Rana Kapoor, Managing Director & CEO, YES BANKsaid, “Climate change action needs collaborative efforts from governments, corporates and the community at large. With COP21 Summit at Paris, due early next month, an increasing number of nations and private sector at large are committing to action to mitigate climate change. YES BANK since its inception has adopted a Responsible Banking ethos, and integrated climate change action into its business strategies. I am delighted to see CDP’s recognition of YES BANK’s climate change efforts for the fifth consecutive year. This endorsement further strengthens our efforts to create a sustainable ecosystem for all our stakeholders.”
YES BANK is the only Indian bank to release an externally assured report as per the GRI G4 ‘Comprehensive’reporting guidelines of the Global Reporting Initiative (GRI), the global benchmark framework for sustainability reporting. As a part of its commitment to climate finance, recently YES BANK and International Finance Corporation (IFC) opened trading of the world’s first Green Masala Bond of INR 3.15 billionissued by IFC and listed on the London Stock Exchange. IFC has invested the proceeds of the bond in YES BANK’s Green Bonds, and the proceeds will be used by YES BANK to fund Renewable Energy projects including solar power and wind power projects. Earlier this year, YES BANK had issued India’s first ever Green Infrastructure Bonds for INR 1000 Crore (USD 160 million)with green shoe option that witnessed strong demand from leading global and domestic investors.
CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 822 institutional investors with assets of US$95 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions.
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 Large Bank of the World in India” by 2020.
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