- Certification Scope for environmental management system enhanced to 444 Metro-Urban branches
- YES BANK was the first Indian bank to receive ISO 14001:2004 certification in 2014
Mumbai, January 25, 2017: YES BANK, India’s fifth largest private sector Bank, has become the first bank globally to migrate to the ISO 14001:2015 certification for its environmental management system (EMS). This extraordinary global achievement by an Indian bank comes on the back of YES BANK’s unmatched commitment to environmental sustainability. The Bank has developed robust process driven approaches, created a comprehensive E-learning module for employees, and adopted a new EMS policy, among other initiatives aimed at integrating environmental sustainability into its operations.
In 2014, YES BANK became the first bank in India to receive the ISO 14001:2004 certification for bringing down resource usage, waste generation & disposal costs, energy consumption, and implementing environment friendly practices. The latest ISO 14001:2015 standard further expands the scope of the Bank’s commitment to the environment through a greater emphasis by leaders to implement EMS, a better strategic fit to incorporate environmental risk mitigation, integrating environmental impacts in Life Cycle Thinking, and driving effective internal and external stakeholder communication.
Mr. Rana Kapoor, Managing Director & CEO, YES BANK, on this distinct achievement said, “YES BANK believes in staying ahead of the curve and setting benchmarks for the sector. We were the first Indian bank to receive the ISO 14001:2004 certification in 2014 and we are proud to become the world’s first bank to migrate to the latest ISO 14001:2015 standard. The certification not only endorses YES BANK’s commitment towards reducing its own carbon footprint through an approach of Life Cycle Thinking, but also highlights its leadership in mainstreaming environment sustainability, globally.”
YES BANK has led by example undertaking a public commitment to reduce its emissions intensity by 5% every year, achieving a 19.98% year-on-year reduction in its Specific greenhouse gas (GHG) emissions for FY16. In 2016, YES BANK released its new Environment Management Policy and pledged towards climate action by doubling its GHG emissions intensity reduction target.
Ms. Namita Vikas, Group President and Managing Director, Climate Strategy and Responsible Banking, said, “The latest ISO 14001:2015 certification ahead of its peers globally, demonstrates YES BANK’s unmatched commitment to environmental sustainability. This successful migration has been a collective effort, involving leadership at every level. The recertification with the largest number of branches is a strong endorsement of YES BANK’s sustainability leadership and underlines the Bank’s Responsible Banking ethos.”
About ISO 14001:2015
The latest standard in the series of Environment Management is ISO 14001:2015, which is intended for use by an organization seeking to manage its environmental responsibilities in a systematic manner that contributes to the environmental pillar of sustainability in a life cycle impact approach and consider environmental risk and opportunities, needs and expectation of the interested parties into operation.
About Bureau Veritas Certification
In India, Bureau Veritas Certification delivered the first ISO 9000 certification in 1990 and is the market leader in India, having certified 7,000+ Organizations till date. It currently employs 250+ highly qualified auditors with a strong presence in more than 40+ locations. Bureau Veritas has certified leading organisations for ISO 14001 certification including President of India’s Estate.
Bureau Veritas Certification has been selected as the Certification Services Provider of choice by world-class companies. It is ideally positioned to respond to today’s every changing market trends and client demands for more value added services that are global, seamless and integrated.
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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