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YES BANK Natural Capital Awards Recognizes Game Changers in Nature and Environment Stewardship

Hon’ble Union Ministers Shri Prakash Javadekar and Dr. Jitendra Singh Presided Over the Awards Event

Capgemini & Ambuja Cements Recognized as Eco-Corporates of the Year

New Delhi, August 11, 2015: The second edition of the YES BANK Natural Capital Awards recognized and honored game changers in environmental stewardship and championing biodiversity growth. Shri Prakash Javadekar, Hon’ble Minister of State (I/C) for Environment, Forest & Climate Change was the Chief Guest for the evening, while Dr. Jitendra Singh, Hon’ble Minister of State (I/C) for Development of North Eastern Region, Prime Minister's Office, Personnel, Public Grievances & Pensions, Department of Atomic Energy, Department of Space, was the Guest of Honor.

The awards recognized artists who use photographs to reflect the diversity of the planet and wildlife. The event also saw participation from the finest minds in the field of conserving our Natural Capital, including Mr. Jaco Cilliers, Country Director, UNDP India; Dr. Ajay Mathur, Director General, BEE and Mr. Vivek Menon, Executive Director and CEO, Wildlife Trust of India.

Established in 2013, the YES BANK Natural Capital Awards endeavors to find, reward and showcase the finest natural capitalists, comprising individuals, groups and corporations that are dedicated towards spearheading biodiversity growth and environmental stewardship.

During the event YES BANK also signed an MoU with Entrepreneurship Development Institute of India (EDII) and Foundation for MSME Clusters (FMC) for catalyzing sustainable growth of MSMEs in India. YES BANK aims to improve working conditions 7500 workers in 250 MSMEs and enhance energy efficiency in 84 MSMEs across India which will reduce 5000 metric tonnes of CO2 as part of its flagship program ‘Say YES to Sustainable MSMEs’.

This MoU demonstrates YES BANK’s commitment to catalyze MSMEs to reach the goal of ‘zero defect zero effect’.

Speaking at the event, Shri Prakash Javadekar, Hon’ble Minister of State (I/C) for Environment, Forest & Climate Change, said, “I congratulate YES BANK for taking this initiative to recognize and award people who are meaningfully contributing to protect our environment. Such initiatives resonate with our Government’s mission of ‘Clean India, Green India’, and we are committed to meeting these objectives on a war-footing. The human race needs to provide solutions for the problems we cause; to this end the Government has committed a corpus of INR 100 Cr towards revival of endangered species, and I call on all corporates and PSUs to participate in such initiatives and carry out their duty towards nature.”

Shri Jitendra Singh, Hon’ble Minister of State (I/C) for Development of North Eastern Region, Prime Minister's Office, Personnel, Public Grievances & Pensions, Department of Atomic Energy, Department of Space, said, “the environment is the one thing that is taken for granted by us; we have to make a concerted effort to correct our environment before it is too late. There is a lot of opportunity to grow businesses sustainably in India and the advantage here is that the Government is very supportive.”

Highlighting YES BANK’s commitment towards protecting and conserving our Natural Capital, Mr. Rana Kapoor, MD & CEO, YES BANK, said “Financial Institutions are considered global engines of growth and are instrumental in fuelling the economy. They can account for significant positive impact while financing through innovative climate finance instruments. Collective action is extremely essential to support the global transition in order to address Natural Capital concerns mainly by the Finance sector. Given YES BANK’s Responsible Banking ethos, we have made a commitment by signing the UN Natural Capital Declaration to create innovate tools required to support a transition to sustainable development.”

Talking about this unique initiative on Natural Capital, Ms Namita Vikas, Senior President and Chief Sustainability Officer, YES BANK, said “Valuing Natural Capital is critical for all stakeholders including Governments and Corporates. To deal with the challenges of today, we need a collaborative approach where in government with support from corporates, hold the key for keeping global warming to less than 2 degrees.”

Ambuja Cements Ltd. was adjudged the Eco Corporate of the Year in the Manufacturing Category, while Capgemini India was adjudged the Eco Corporate of the Year in the Services Category.

Tata Coffee Ltd. was the first runner up and Reliance Industries Ltd. (Hazira Manufacturing Division) was the second runner up in the Manufacturing Category while Cognizant Technology Solutions was the first runner up and GE India Technology was given a special mention award in the Services Category.

In the individual category, Mohammad Iqbal was adjudged the winner for the ‘Pixel Perfect Award’ for his photo of a Spot Billed Pelican, while Saurabh Sawant, Ramit Singhal, Prasenjeet Yadav, Shashank Dalvi were adjudged joint winners of the ‘Trailblazers Award’ for their photo story on the Gangetic River ecosystem and Gangetic river dolphin.

The Eco Corporate awards were judged by an eminent Jury comprising of Dr. Ajay Mathur (Jury Chair) - Director General, BEE; Dr. Nitin Pandit - Managing Director, WRI India; Mr. Pooran Chandra Pandey - Executive Director, Global Compact Network India; Prof. Jeremy Williams - Director of the Asia-Pacific, Centre for Sustainable Enterprise, Griffith University, Mr. Martin Wright, Forum for the Future, and Mr. Santhosh Jayaram – Director, Sustainability and Climate Change at KPMG, India.

The Jury for the Pixel Perfect & TrailBlazer Categories was equally stellar, comprising of Dr. AJT Johnsingh, Mr. Mike Pandey and Mr. Rajesh Bedi.

The Natural Capital Awards have been a great success with participation from the Government, Industry and International Diaspora, Wildlife & Natural History specialists, Sustainability professionals, and Multilateral agencies. It is testimony of YES BANK’s effort to mainstream the concept of ‘Natural Capital’ in India.

Please click here to find out the list of winners

For media queries, please contact:

YES BANK
Aniruddha Ghosh
Ph.: +91 9818394877
Email: aniruddha.ghosh@yesbank.in

Adfactors
Priyanka Kumar
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