- Only Indian bank to be selected as an index component of the Dow Jones Sustainability Indices (DJSI) in the Emerging Market index, out of 803 invited applicants
- YES BANK among 49 global banks, to be included in the Dow Jones Sustainability Indices
- YES BANK is the first and only Indian Bank to be selected in both FTSE4Good Emerging Index and the Dow Jones Sustainability Index - Emerging Markets, along with being assigned AAA Rating by MSCI ESG Research
Mumbai, September 27, 2017: YES BANK, India’s fifth largest private sector bank, continues to be the first and only Indian Bank to be selected as an index component on the Dow Jones Sustainability Indices (DJSI) - Emerging Markets Index, for the third consecutive year. The Emerging Markets Index for 2017 comprises of 91 companies from 14 emerging economies, including China, Brazil, South Africa and Taiwan. The selection is effective from September 18, 2017, and would be valid for one year.
YES BANK is the first and only Indian Bank to be selected in both Dow Jones Sustainability Index - Emerging Markets, and the FTSE4Good Emerging Index. The Bank has also been assigned AAA Rating by MSCI ESG Research.
With sustainable investing on the rise, growing number of asset owners are integrating Economic, Social and Governance (ESG) criteria in their investment decisions. According to United Nations Principles for Responsible Investment, April 2016, the investor community, with over USD 60 trillion in assets under management (AUM), has committed to integrate sustainability in their investment decisions. DJSI, the gold standard for corporate sustainability, is highly regarded by global investors and financial analysts looking at ESG-based investments.
On being selected into the DJSI Emerging Market Index, Mr Rana Kapoor, MD & CEO, YES BANK, said, “It is a matter of great institutional pride to be selected in the prestigious Dow Jones Sustainability Index, for the third time sequentially. It is a true testament to YES BANK’s uncompromising focus on corporate governance, risk management, prioritizing ESG performance and mainstreaming sustainability in the Indian banking sector, through cutting edge solutions in climate and environmental finance and community impact.”
YES BANK is the only Indian bank, among 49 global banks, to be included in DJSI. The selection process included the world’s largest 3,400 companies, which underwent a rigorous assessment on 600 data points across Economic, Social & Environmental parameters, including Corporate Governance, Risk Management, Climate Strategy, Environmental Policy & Management Systems, and Community Impact.
In line with its Responsible Banking ethos, YES BANK focuses on linking sustainable development with stakeholder value creation and benchmarks itself as a financial institution for inclusivity and sustainability in India.
For additional information on the DJSI and the changes to its components numbers, please visit: RobecoSAM’s DJSI review page and http://www.djindexes.com/sustainability/
For more information about RobecoSAM, please visit www.robecosam.com
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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 28 states and 9 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/