London/New Delhi, October 25, 2016: YES BANK India’s fifth largest private sector Bank, has won the prestigious ‘Golden Peacock Award for Sustainability, 2016’, for its nature, scope, and effectiveness of social and economic dimension of sustainability programs and practices, at the Institute of Director’s 16th London Global Convention on Corporate Governance and Sustainability held in London.
The award was presented by Mr. Stephen Haddrill, Chief Executive, Financial Reporting Council, UK and Baroness Sandip Verma, Global Chairperson-Advisory Council, Institute of Directors, India and Chairperson, European External Affairs Committee to Mr. Aseem Gandhi, Senior President and Head, YES Accelerator, YES BANK.
The Golden Peacock Awards, instituted by the Institute of Directors, India in 1991, are 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 M. N. Venkatachaliah, former Chief Justice of India, is the Chairman Emeritus of Golden Peacock Awards. The Award Scheme for Sustainability has been instituted to encourage initiatives in promoting sustainable development.
YES BANK was presented the award on account of its exemplary performance for stakeholder engagement and communication in addressing the economic dimension of sustainability concerns and impact of infrastructure investments and services provided, primarily for public benefit through commercial, in kind, or pro bono engagement.
Commenting on this achievement, Mr. Rana Kapoor, MD & CEO, YES BANK and Chairman, YES Institute said, “YES BANK is honoured to receive this global award from Institute of Directors. This is a significant affirmation of our uncompromising commitment towards mainstreaming social and environmental sustainability by working with all stakeholders, including corporate peers, Governments and communities, to achieve deep social impact and drive India’s global engagement on sustainable development.”
Ms. Namita Vikas, Group President & Managing Director, Climate Strategy & Responsible Banking, said, “This recognition of YES BANK as a corporate sustainability leader is a result of its aligned sustainability strategy with corporate strategy. Through integration of wider economic, social and environmental parameters into business decisions, the Bank has evolved with a 360 degree approach which is sustainable. With strong governance, collaboration with multi-sectoral partnerships and highest reporting standards, the Bank is constantly creating value for its stakeholders and delivering maximum impact on Sustainable Development.”
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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