YES BANK receives 'Sustainable Bank of the Year' Award

Company Brief

Mumbai, June 28, 2011

YES BANK, India’s new age private sector Bank, received the 'Sustainable Bank of the Year (Asia/Pacific)' Award at FT/IFC Sustainable Finance Awards 2011 held in London on June 16, 2011.

The FT/IFC Sustainable Finance Awards recognize banking and financial companies who are environmentally and socially responsible. The 2011 awards attracted a record 187 entries from 161 institutions across 61 countries around the world. The eminent jury comprised Martin Dickson, Deputy Editor, Financial Times (co-chair); Rachel Kyte, Vice President, Business Advisory Services, IFC (co-chair); Isher Judge Ahluwalia, Chairperson, Indian Council for Research on International Economic Relations; David Harris, Head, Responsible Investment, FTSE Group; Mary Ellen Iskenderian, President and CEO, Women’s World Banking; Richard Laing, Chief Executive, CDC Group Ltd; Herman Mulder, International Sustainable Development Advisor.

YES BANK received this award for 'excellence in creating environmental, social and financial value' for its stakeholders across India. As a Public Trust institution, YES BANK takes responsibility for augmenting sustainable development in India, and has therefore adopted principles of sustainability, encapsulated within its business through its Responsible Banking strategy. Dedicated business units focussed on the clean energy, agribusiness, social enterprise and microfinance sectors are a testament to YES BANK’s enduring commitment to address global social and environmental challenges with innovative financial solutions. Internally, YES BANK has embarked on a journey to accurately measure and mitigate its carbon footprint, taking a ‘resource consumption’ approach to reduce operational costs and improve systemic efficiencies.

Speaking on the occasion, Rana Kapoor, Founder, Managing Director & CEO, YES BANK said,

'It is a great privilege for YES BANK to be honoured with this esteemed award. This recognition is indeed a global endorsement of YES BANK’s sustainability mandate which imbibes the triple bottom line ethos of People, Planet and Profit – thereby creating enduring value, comparative advantage and sustainability leadership. I am confident that this acknowledgement will further encourage us to pursue our sustainability goals, raise awareness, promote thought leadership, and build capacity to achieve sustainability across a broad spectrum of issues.'

In 2008, YES BANK received the No. 1 Emerging Markets Sustainable Bank of the Year (Asia) award at the FT/IFC Washington Sustainable Banking Awards, and in 2006, the Bank was short listed across all categories.

YES BANK’s vision is to mainstream sustainability within its core business operations, using its overarching Responsible Banking and YES Community Banking strategy to leverage collaborative networks to develop sustainable solutions to social and environmental problems.

For further information, please contact:

YES BANK

Supriya Saxena

Tel: 022-66209057

Email: supriya.saxena@yesbank.in