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Case study

YES BANK’s Environment and Social Policy (ESP) addresses climate risks through a multi-step implementation process with identified inter-department responsibilities

The establishment of YES BANK’s Environment and Social Policy is driven by a designated team under the aegis of Responsible Banking & Risk Management teams under the guidance of MD & CEO. The Responsible Banking team is responsible for the administration and oversight of the ESP of the Bank and the Risk team is responsible…
Key points
  • Climate risks are also to be identified prior to project implementation, to advise appropriate mitigative measures, despite uncertainty attached to them.
  • Educating the clients on the significance of non-financial risk mitigation is equally important, as this needs to be a collaborative action.
  • Relevant expertise is non-debatable to translate policy into action, which is highly region-specific (difficult in the Indian subcontinent, due to its diverse geography). YES BANK follows a knowledge based approach, with domain
    experts on payroll who help make better credit decisions.