London and Mumbai, October 23, 2015: YES BANK, India’s fifth largest private sector Bank, has been awarded the prestigious Golden Peacock Award for Sustainability, 2015 at the Institute of Director’s 15th London Global Convention on Corporate Governance and Sustainability held in London on October 8, 2015. The award was presented by the Rt. Hon Oliver Letwin MP, The Chancellor of the Duchy of Lancaster, Hon’ble Cabinet Minister of UK to Ms. Namita Vikas, Senior Presdient & Chief Sustainability Officer, YES BANK.
Commenting on this achievement, Rana Kapoor, Managing Director & CEO, said, "Since inception, YES BANK has been at the forefront of mainstreaming environmental sustainability, leadership on climate change, renewable energy and value creation for stakeholders through innovative solutions. This prestigious recognition reinforces our belief in the Responsible Banking ethos that we have integrated into our core business and banking processes."
On receiving the award, Ms. Namita Vikas, Senior President and Chief Sustainability Officer, YES BANK said, “This award comes at an opportune time when the need for sustainable development has gained prime importance. YES BANK takes a lot of institutional pride in achieving leadership positions in sustainability and strategic CSR and we remain committed to driving positive change by making a difference to the society and environment through our initiatives”
YES BANK was presented the award on account of its exemplary performance on three key parameters - Responsiveness of organizational strategy to needs of different stakeholders, Integration of sustainable development issues with corporate functioning, and Development of innovative partnership models to fulfill social responsibility. This award closely follows YES BANK’s win in the Golden Peacock ‘Environment Management’ category Award, earlier this year. YES BANK was earlier also awarded the Golden Peacock award for Environment in 2014, CSR in 2013 and Global Award for Sustainability in 2012.
About the Golden Peacock Awards 2015
Golden Peacock Awards, instituted by the Institute of Directors, India in 1991, are now regarded as a benchmark of Corporate Excellence worldwide. The Golden Peacock Awards Secretariat receives over 1,000 entries per year for various National and Global awards, from India and over 25 countries worldwide. Justice P. N. Bhagwati, former Chief Justice of India, is the Chairman Emeritus of Golden Peacock Awards. Justice (Dr.) Arijit Pasayat, former Judge, Supreme Court of India and former Chairman, Competition Appellate Tribunal & Authority for Advance Ruling (Customs, Central Excise & Service Tax), is the Chairman of the Golden Peacock Awards. The Award Scheme for Sustainability has been instituted to encourage initiatives in promoting sustainable development.
About YES BANK LIMITED
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 Bank of the World in India” by 2020.