Mumbai, June 12, 2018: YES BANK, India’s fourth largest private sector bank, announced that Balaji Gurumurthy, Vice President - Responsible Banking at the Bank has been identified by GreenBiz Group and the World Business Council for Sustainable Development (WBCSD) as one of the 2018 ‘30 Under 30,’ a global list of leaders from across sectors who are shaping the next generation of sustainable business. This is the 3rd year of this prestigious list, shortlisted by the Greebiz Editorial team.
Balaji has been recognized for his role in driving YES BANK’s sustainability strategy under its Responsible Banking ethos and contributing to the Bank’s exemplary efforts at mainstreaming the sustainable agenda, towards achieving global Sustainable Development Goals (SDGs). He has worked extensively on developing new green products & services, operationalizing Environment and Social Policy (ESG Risks), ISO 14001 certification, ideating innovative strategic CSR models with business case and impact assessment at YES BANK.
The 30 individuals being honored represent eight countries across the globe, working for multinational corporations, innovative startups, social enterprises, nonprofit organizations, government agencies and academia.
YES BANK is the ONLY BANK IN THE WORLD and ONLY INDIAN COMPANY to be featured in the list alongside some of the world’s largest companies such as Amazon, BASF, CBS, Campbell Soup, Eaton, FedEx, Gap, Lockheed, Microsoft and RoyalDSM. The full ‘GreenBiz 30 under 30’ list can be accessed here: https://www.greenbiz.com/30under30
Commenting on the recognition, Rana Kapoor, Managing Director and CEO, YES BANK, said, “We thank GreenBiz Group & World Business Council for Sustainable Development (WBCSD) for recognizing the contribution made by YES BANK in achieving SDGs. Responsible Banking is a core plank that cuts across all functions of our Bank. Through Responsible Banking, YES BANK integrates sustainability into its business strategies and delivers on sustainable development outcomes as a foremost home and host country Bank in India. Recognitions such as these reiterate the Bank’s commitment to engage skill & mentor Talent, and channelize their entrepreneurial spirit with laser sharp focus on Professional Entrepreneurship, Human Capital and Innovation.”
"It takes a unique kind of leader, thinker and doer to come up with realistic and scalable alternatives to solve the most critical sustainability challenges of today," said Peter Bakker, President and CEO of the World Business Council for Sustainable Development. "Innovative leadership and unwavering commitment are key to achieving the Sustainable Development Agenda and address the challenges that business and people are facing today. We're proud to join GreenBiz in celebrating this year's nominees and can only commend their drive to change the world for a sustainable future."
“These young men and women represent the future of sustainability inside companies and institutions,” said GreenBiz Group chairman and executive editor Joel Makower. “In that regard, I couldn’t be more optimistic about the future of the sustainability profession, and the benefits that will inure to these individuals' organizations and to society overall."
With Responsible Banking as one of the key pillars of YES BANK, the Bank is a barometer of India’s growth story. Furthering the Bank’s mission YES BANK had issued India’s first Green Infrastructure Bonds in 2015 for 1000 crore INR with an overwhelming 2.13x oversubscription. The Bank is also the first and only Indian Bank to be listed on Dow Jones Sustainability Index (DJSI) Emerging Markets for 3 years consecutively (2015-2017) and is the first Indian Bank to Support Task Force on Climate Related Financial Disclosure (TCFD). YES BANK recently launched Green Future: Deposit, India’s first ever green deposit product contributing towards Sustainable Development Goals (SDGs).
About World Business Council for Sustainable Development (WBCSD)
WBCSD is a global, CEO-led organization of over 200 leading businesses working together to accelerate the transition to a sustainable world. We help make our member companies more successful and sustainable by focusing on the maximum positive impact for shareholders, the environment and societies. Our member companies come from all business sectors and all major economies, representing a combined revenue of more than US$8.5 trillion and with 19 million employees. Our Global Network of almost 70 national business councils gives our members unparalleled reach across the globe. WBCSD is uniquely positioned to work with member companies along and across value chains to deliver high-impact business solutions to the most challenging sustainability issues. www.wbcsd.org
About GreenBiz Group
GreenBiz Group is the leading media and events company at the intersection of business, sustainability and innovation. We view climate change and other global environmental challenges as existential threats to business and society, as well as significant opportunities. We help our audiences — large and small companies, utilities, government agencies and others — navigate the emerging technologies, business practices, policies and societal expectations they need to know to succeed. We achieve this through media, events, research and a membership network of corporate sustainability professionals. www.greenbiz.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 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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