MUMBAI: YES BANK continues to be the first and only Indian Bank to be selected as an index component on the Dow Jones Sustainability Indices (DJSI) – Emerging Markets Index, for the third consecutive year. The Index for 2017 comprises of 91 firms from 14 economies, including China, Brazil, South Africa and Taiwan. The selection is effective from September 18 and would be valid for a year.
With sustainable investing on the rise, growing number of asset owners are integrating Economic, Social and Governance (ESG) criteria in their investment decisions.
According to United Nations Principles for Responsible Investment, April 2016, the investor community, with over USD 60 trillion in assets under management (AUM), has committed to integrate sustainability in their investment decisions.
DJSI, the gold standard for corporate sustainability, is highly regarded by global investors and financial analysts looking at ESG-based investments.
Rana Kapoor, MD & CEO, YES BANK, said, “It is a true testament to YES BANK’s uncompromising focus on corporate governance, risk management, prioritizing ESG performance and mainstreaming sustainability in the Indian banking sector, through cutting edge solutions in climate and environmental finance and community impact.”
The selection process included the world’s largest 3,400 companies, which underwent a rigorous assessment on 600 data points across Economic, Social & Environmental parameters, including Corporate Governance, Risk Management, Climate Strategy, Environmental Policy & Management Systems, and Community Impact.