- YES BANK’s Access to safe and clean drinking water initiative wins the ‘Most Effective Domestic Community Investment’ award
- Ethical Corporation Jury deems it a “stand out entry with very clear targets, very clear program on Water”
- YES BANK the only Indian Corporate to be recognized at the Awards
- Over 1.38 Crores lives provided access to Safe & Clean drinking water in FY 2015-16
London/Mumbai, October 17, 2016: YES BANK, India’s fifth largest private sector bank, has won the Ethical Corporation’s Responsible Business Award 2016, London, under the ‘Most Effective Domestic Community Investment’ category, for ‘Access to Safe and Clean Drinking Water’, YES BANK’s flagship CSR initiative on Livelihood & Water Security.
Instituted in 2010, the Responsible Business Awards, one of the world's leading corporate sustainability awards, recognize individuals and companies globally for CSR best practices. The jury while announcing the result commended YES BANK’s initiative regarding it as “a stand out entry with very clear targets, very clear program on water and ambition demonstrating major investment and solid impact on a number of local communities across India”.
Commenting on this YES BANK win, Rana Kapoor, Managing Director & CEO, said, “Water is a unique resource that is core to sustainability and inter-linkages with all the Sustainable Development Goals. YES BANK has been proactively tapping positive impact business and technological interventions to address the global development agenda linked to SDGs. While there is a pressing need to focus on water as a shared and collective resource, it is also the time to address financial challenges linked to achieving the SDGs. Access to funds for large scale infrastructure development would help achieve SDGs and act as the biggest economic growth multiplier in India.”
While acknowledging the recognition Ms Namita Vikas, Group President & Managing Director, Climate Strategy & Responsible Banking said, “YES BANK is proud to have been recognized at the global stage for its robust efforts towards positive-impact community interventions. Water is a decisive factor to any society’s development as it impacts almost all facets of life - health, hygiene and productivity, among others therefore it becomes imperative for corporate to address water stress for true action on sustainability. Also, water needs are inextricably linked to consumption of food and energy, going forward it is important to take into considerations the fact that we would need much larger investments in social infrastructure to address both the present and the future water risks”.
With access to safe and clean water being a critical factor to socio-economic development, YES BANK, under its YES COMMUNITY umbrella, launched Livelihood & Water Security initiative in 2014. In FY 2015-16 13,859,252 people were provided access to safe & clean drinking water by installing community water purification systems at key community locations and at railway stations in partnership with Indian Railways . As part of its Climate Impact commitments during COP21, YES BANK committed to touching 100 million lives through its Livelihood & Water Security initiative by 2020.
About Ethical Corporation’s Responsible Business Awards
Ethical Corporation, based in London, is a business intelligence agency for sustainability, that institutionalized the Responsible Business Awards in 2010, which have emerged as one of the world's leading awards recognizing companies globally for CSR best practices. Ethical Corporation’s Responsible Business Awards are now in their 7th year, and are widely-recognized as being the world’s leading awards for CSR, sustainability, supply chain and business executives. The internationally-renowned Awards recognize genuine, truly innovative and meaningful approaches to making responsible business a reality.
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 Bank of the World in India by 2020”
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