Synopsis: YES BANK has been recognized as India's top-performing bank in sustainability for the third consecutive year, achieving a score of 73 in the S&P Global Corporate Sustainability Assessment (CSA) 2024. It remains the only Indian bank featured in the S&P Global Sustainability Yearbook 2025 and has retained its A- rating from the Carbon Disclosure Project (CDP) for its climate change disclosures.
YES BANK has once again solidified its position as a leader in sustainability within the Indian banking sector.
In the S&P Global Corporate Sustainability Assessment (CSA) 2024, the bank achieved a commendable score of 73 out of 100, surpassing its previous score of 68 in 2023.
This accomplishment marks the third consecutive year that YES BANK has been recognized as India's highest-rated bank in sustainability assessments.
The S&P Global CSA is a rigorous evaluation that examines up to 1,000 environmental, social, and governance (ESG) indicators, including climate strategy, financial inclusion, human capital development, and corporate governance.
YES BANK's performance has earned it a place in the S&P Global Sustainability Yearbook 2025, an exclusive listing that includes only the top 15% of global banking leaders based on ESG performance.
Notably, YES BANK is the sole Indian bank among the 51 Indian companies featured in the yearbook.
In addition to its S&P accolades, YES BANK has retained its A- (Leadership Band) rating from the Carbon Disclosure Project (CDP) for its 2024 climate change disclosures.
This rating underscores the bank's robust climate risk management and transparent disclosure practices.
The CDP assessment evaluates over 22,000 organizations worldwide, benchmarking entities on 17 key parameters, including strategy, governance, risk management, targets, and opportunities.
YES BANK achieved leadership levels in 11 of these parameters, highlighting its comprehensive approach to addressing climate change.
Governance plays a pivotal role in YES BANK's sustainability initiatives.
The bank's efforts are overseen by a Board-level Corporate Social Responsibility (CSR) and Environmental Social Governance (ESG) Committee, ensuring that sustainability is integrated into its core business strategies.
Demonstrating its commitment to environmental responsibility, YES BANK has pledged to achieve net-zero emissions for Scope 1 and Scope 2 by 2030.
Furthermore, it has taken the pioneering step of disclosing financed emissions for its electricity generation loan portfolio, aligning its targets with international decarbonization benchmarks.
These consistent recognitions reflect YES BANK's unwavering dedication to integrating ESG principles into its operations.
By setting high standards in sustainability and transparency, the bank not only enhances its resilience in a changing global landscape but also sets a benchmark for other financial institutions aiming to elevate their ESG performance.
Conclusion:
YES BANK's sustained excellence in global sustainability assessments underscores its leadership in the Indian banking sector's ESG landscape.
Through comprehensive strategies encompassing robust governance, ambitious environmental targets, and transparent disclosures, the bank exemplifies a steadfast commitment to sustainable and responsible banking practices.
Disclaimer: This article is for informational purposes only and should not be construed as financial or investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
