YES BANK wins coveted ‘Golden Peacock Award for Sustainability – 2018’

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New Delhi, Oct 31, 2018: YES BANK, India’s fourth largest private sector Bank, has won the prestigious ‘Golden Peacock Award for Sustainability – 2018’ at the Institute of Directors, India’s 18th Annual London Global Convention on Corporate Governance & Sustainability and Global Business Meet.

The ‘Golden Peacock Award for Sustainability’ evaluates application basis nature, scope, and effectiveness of social and economic dimension of sustainability programs and practices carried out by an organisation. Golden Peacock Awards Framework is designed to help explore organizational beliefs and strategy, to look for linkages and measurable activity to test results for long-term success. The Framework is based on IOD Business Excellence Model and is comparable with similar frameworks around the globe (including the Baldrige and European models) and contains all of the requirements of the ISO 9001:2000 standard series.

Commenting of this achievement, Ms. Namita Vikas, Group President & Managing Director, Climate Strategy & Responsible Banking, said, “This recognition of YES BANK as a corporate sustainability leader is a result of its aligned sustainability strategy with corporate strategy. Through integration of wider economic, social and environmental parameters into business decisions, the Bank has evolved with a 360 degree approach which is sustainable. With strong governance, collaboration with multi-sectoral partnerships and highest reporting standards, the Bank is constantly creating value for its stakeholders and delivering maximum impact on Sustainable Development.”

YES BANK remains committed to achieve its vision of ‘Building the Finest Quality Large Bank of the World in India’ with Responsible Banking as a strategic growth pillar. Demonstrating its ESG leadership, YES BANK continues to be the first and the only Indian bank to be selected in Dow Jones Sustainability Index (DJSI) – Emerging Markets for the fourth consecutive year. In addition to this, the bank was also selected in MSCI ACWI ESG Leaders, MSCI ACWI SRI for 2017 and FTSE4Good Emerging Index for 2017 & 2018 both. The Bank was also the only Indian bank to be accorded ‘Prime’ status by OEKOM AG, a leading ESG ratings agency in Europe.

About Golden Peacock Awards

The Golden Peacock Awards, instituted by the Institute of Directors, India in 1991, are regarded as a benchmark of Corporate Excellence worldwide. The Golden Peacock Awards Secretariat receives over 1,000 entries per year for various National and Global awards, from India and over 25 countries worldwide. Justice PN Bhagwati, former Chief Justice of India, is the Chairman Emeritus of Golden Peacock Awards, and Hon’ble Justice MN Venkatachaliah, Chairman, Institute Of Directors and former Chief Justice, Supreme Court of India is the Chairman of the Awards. The awardees are adjudged basis assessment by a jury comprising of CSR, sustainability and human resources professionals spearheaded by jury Chairman, Justice (Dr.) Arijit Pasayat, former Judge, Supreme Court of India.

About YES BANK

YES BANK, India’s fourth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India.

YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.

YES BANK has a knowledge driven approach to banking, and offers a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “BUILDING THE FINEST QUALITY LARGE BANK OF THE WORLD IN INDIA”.