A vision to increase awareness about impacts and dependencies of natural capital
Natural Capital Initiative
YES BANK, taking a proactive approach in the natural capital space, had launched the Natural Capital Initiative in 2013 with an objective to bring together an ecosystem that would help develop an appropriate regulatory framework, disclosure mechanisms and reporting measures to integrate, value, and account for natural capital. The Bank had underlined this commitment by becoming the first Indian signatory to the Natural Capital Declaration (NCD).
The Bank implements the Initiative through three key projects that are aligned with different stakeholders, and has taken a holistic approach in identifying and engaging with them on pertinent topics.
Natural Capital Working Groups
Under the aegis of the NCD, YES BANK is a part of two key Working Groups.
The Bank is the Vice Chair for Working Group III – Accounting for Natural Capital, which seeks to develop a methodological system for accounting for the impacts, benefits and dependencies on natural capital at the Company and portfolio level.
The Bank is also a part of the Working Group I – Understanding impacts and dependencies on natural capital, wherein the Bank has committed to collaborate on building an understanding of the impacts and dependencies of natural capital relevant to operations, risk profiles, customer portfolios, supply chains and business opportunities.
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