YES BANK awarded Commendation Certificate for Significant Achievement in Environment Management
New Delhi, December 6, 2016 - YES BANK, India’s fifth largest private sector Bank, received the Commendation Certificate for Significant Achievement in Environment Management at the CII ITC Sustainability Awards 2016 for innovative approaches, including policy and practice, to reduce the Bank’s environmental impact. The coveted award was presented by Hon’ble Minister of Human Resource Development, Shri. Prakash Javadekar.
The Annual CII-ITC Sustainability Awards deploy a transparent and rigorous assessment process based on the Sustainability Excellence Assessment Model. The Model lays significant emphasis on its internationally acclaimed ‘European Foundation for Quality Management’ methodology and covers around 250 questions covering governance, ecology, and social dimensions of doing business.
Ms. Namita Vikas, Group President & Managing Director, Climate Strategy & Responsible Banking, YES BANK, said, “YES BANK has integrated sustainability into its business strategy with an aim to create shared value through the ethos of Responsible Banking. Through innovative models and various industry first initiatives like issuance of first Green Bonds in India for promoting clean energy projects or becoming the first commercial bank in India to achieve ISO 14001:2004 certification, YES BANK has been delivering on successful economic and environmental objectives- both externally and internally. The Bank’s unmatched commitment to sustainable profitability is its guiding force in the quest to achieving a vision of ‘building the Finest Quality Bank of the World in India by 2020’.”
YES BANKs Environmental Management Policy guides the Bank’s commitment to improving its own environmental and social performance, and establishing processes and systems to mitigate emissions and consumption. Climate change is a key material issue identified by the Bank and it has doubled its commitment, from 5% in FY2015-16, to 10% in FY 2016-17 to reduce its resource consumption on an annual basis in line with its Environmental Management Policy. In FY 2015-16 YES BANK significantly reduced its specific emissions per employee by 19.52%, meeting its emissions intensity reduction target.
YES BANK became the first commercial bank in India to achieve the ISO 14001:2004 certification in 2013. Strengthening its internal environmental management systems, last year YES BANK completed the third phase of ISO 14001 certification covering 184 locations.
About the CII - ITC Sustainability Awards
Instituted in 2006, the CII-ITC Sustainability Awards recognize and reward excellence in businesses that are seeking ways to be more sustainable and inclusive in their activities. The Awards are a part of the continued efforts of CESD to create awareness on sustainability practices and to create capacities in business. Uniquely based on EFQM Excellence Framework, these Awards are designed for those who strive effortlessly to make sustainability their business. The Framework is fleshed with around 250 questions covering governance, ecology, and social dimensions of doing business. These prestigious Awards - supported by ITC Ltd - focus on the strong link between the corporate reputation and stakeholder trust, and feed into building brand value and public positioning of companies.
About YES BANK
YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. 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 29 states and 7 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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