Mumbai, June 22, 2015: YES BANK, India’s fifth largest private sector bank, was awarded the prestigious Karlsruhe Sustainable Finance Awards, in the “Outstanding Business Sustainability Achievement” category. These awards have been instituted by the European Organization for Sustainable Development, the City of Karlsruhe, Germany and the Association of Development Financing Institutions in Asia and the Pacific and were presented at the Global Sustainable Finance Conference 2015.
YES BANK was adjudged the winner for its outstanding success in incorporating sustainability within its corporate strategy and business processes. Ms Namita Vikas, Senior President and Country Head – Responsible Banking, received the award on behalf of YES BANK from the first mayor of Karlsruhe Ms Margret Mergen. While the Award was being presented, Arshad Rab, CEO of the European Organization for Sustainable Development said “Congratulations to the Management, employees and the shareholders of YES BANK for receiving the Karlsruhe Sustainable Finance Awards 2015. The achievement is indeed highly commendable, particularly because YES BANK is the only financial institution so far to receive this recognition third time in a row. We wish the team of YES BANK every success and hope that their commitment to sustainability will continue.”
On receiving this award, Mr Rana Kapoor, Managing Director & CEO, YES BANKsaid “YES BANK has set a new benchmark in spearheading sustainability and this award is a true demonstration of the Bank’s commitment to sound sustainability practices. Being recognized by an eminent jury of our peers in the financial sector is an endorsement of the Bank’s focus on sustainable finance. It is an honor to receive this award which further reinforces our commitment towards making sustainability the nucleus of our operations.”
While receiving the award, Ms Namita Vikas, Senior President and Country Head, YES BANKsaid “Sustainable Finance is a key pillar of growth at YES BANK. We believe, the Bank’s commitment to integrate innovative and sustainable practices along its value chain allows its’ clients to operate in a low carbon economy. It is a great honor to receive this award from such a reputed organization”
For its commitment of mainstreaming sustainability, YES BANK won this award under the ‘Outstanding Business Sustainability Achievement’ category for two years now (2015 & 2013) and in the previous year the Bank has also won the award for the ‘Outstanding Sustainable Project Financing’ category.
Since inception, YES BANK has been at the forefront of mainstreaming sustainable finance, leading on climate change and renewable energy, and value creation through solutions for the under-banked and unbanked population in India and reinforcing the Bank’s commitment to sound sustainability practices. YES BANK remains committed towards its vision to mainstream sustainability within its core business operations, and maintaining its pole position as a reference bank for sustainability in India.
About GSFN-Karlsruhe Sustainable Finance Awards
Global Sustainable Finance Conference 2015 is organized by GSFN under the auspices of World Federation of Development Financing Institutions (WFDFI) and its regional associations. Founded in 1979 in Zurich, Switzerland, the WFDFI is a global focal point for institutions providing and promoting sustainable development finance and has 328 member institutions in 154 countries and territories across the world.
The Conference and awards were managed by the Association of Development Financing Institutions in Asia & the Pacific (ADFIAP), European Organisation for Sustainable Development, the City of Karlsruhe and endorsed by UNEP FI.
About YES BANK
YES BANK is a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients.
YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 8 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/
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