Yes Bank
Information presented in this profile is for reference only. The Initiative, its Supporting Institutions and the Secretariat do not endorse the activities, tools or reports included in this profile.
Last updated: August 2023
Overview of climate mainstreaming approach and goals:
YES BANK is committed to aligning its business to the Paris Climate Agreement’s goal of limiting global temperature rise to 1.5 degrees Celsius, by reducing the carbon emissions intensity of its operations, measuring and limiting its financed emissions, and aligning its portfolio to the global 1.5-degree decarbonization pathway.
YES BANK, in its quest to mitigate risks and leverage opportunities arising out of a low carbon transition, has put in place a holistic and long-term roadmap. Guided by this blueprint, the Bank strives to respond to the global clarion call of climate action and contribute towards sustainable development. Key pillars of the strategy focus on:
Financing low carbon transition opportunities
The Bank strives to mobilize finances towards low carbon transition opportunities in India, leveraging global green funds and green credit lines through innovative finance structures
Building resilience from climate risk
The Bank will develop robust framework for measuring and assessing material climate risk related to its lending operation and apply a climate lens to business decisions. The Bank will strive to develop its capacity and understanding for assessing its portfolio under various scenarios and take actions to build climate resilience of its portfolio
Sustainable Operations
The Bank will continue to reduce its carbon footprint and is committed to adopt industry best practices and standards such as ISO 14001 Environment Management System for managing its operation’s environmental impacts
Policy advocacy, climate literacy, and robust disclosures
The Bank will engage with its stakeholders including clients, peer banks, regulators and Governments and climate scenario providers for accelerating low carbon transition. The Bank will leverage its association with global initiatives such as Partnership for Carbon Accounting Financials, UNEP FI Principles for Responsible Banking, Collective Commitment to Climate Action, Physical Risk and Resilience Commitment and Science Based Targets Initiatives, for developing forward-looking methodologies on climate assessment and integration. The Bank will continue to align its disclosures to industry-best practices such as the TCFD recommendations.
Principal Strategic Documents:
- Environment and Social Policy
- Environmental Management Policy
- YES BANK Sustainability Report FY2020-21
- Strategic approach to sustainable financing
- TCFD Disclosure
- Sustainability Report 2021-2022
Principal Tools and Methodologies:
SBTI and wholesale banking
Key reports and other materials published by the institution:
- YES BANK’s progress report on CCCA
- Impact of Climate Change on Indian Economy
- ESG Investing Scenario in India
- Innovating pathways to Sustainable Finance in India
- Scaling SDG Finance in India
- Other Knowledge Reports
- Green Bond Impact Reports
- Business Responsibility Reports 2021-2022
- Annual Report 2021-22
- Integrated Annual Report 2022-2023