Skip to content
Supporting institution

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: November 2021

website

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:

Principal Tools and Methodologies:

SBTI and wholesale banking

Key reports and other materials published by the institution: