India CSR News Network
MUMBAI: YES BANK, India’s fourth largest private sector bank, has become the first bank in India to qualify for ISO 14001:2004 Certification, world’s leading environment management system – for its 12 locations, which include major branches and corporate offices. Given its commitment to environment and conservation, this certification would enable YES BANK to rigorously measure, manage and report its carbon footprint, thus a proactive step towards climate change.
All through its 10 years of existence, YES BANK has been extremely sensitive towards resource consumption, and has been the first to adapt to mitigation frameworks and policies to reduce green house gas emissions that would contain the climate change situation. The ISO 14001:2004 Certification is an international endorsement and would serve as a practical toolbox to assist implementation of sustainable development actions.
The certification has been awarded by Bureau Veritas, a global leader in conformity assessment and certification services. Bureau Veritas, post a rigorous audit, confirmed that YES BANK has firmly embedded environmental considerations in all its operations to efficiently manage its environmental and operational risks. The ISO 14001:2004 Certification would entail that YES BANK reduces its resource usage, waste generated and disposal costs, energy consumption, improves process efficiency and utilizes recoverable resources.
Rana Kapoor, Managing Director & CEO, YES BANK, on this significant moment said, “We are extremely pleased to receive the ISO 14001:2004 certification. It not only endorses our leadership position in environmental sustainability, but also our commitment towards promoting sustainable development. This globally recognized certification is rare in the BFSI sector with only a few International Banks qualifying for it. Here onwards YES BANK will constantly endeavour to reduce its carbon emission intensity by 5%, thus contributing towards the green movement endorsed by the Prime Minister through the 2008 National Action Plan on Climate Change.”
Namita Vikas, Senior President and Chief Sustainability Officer, YES BANK said, “YES BANK is committed to continuously benchmark and enhance its environmental performance through strategic initiatives and programs. By creating enduring value, and sustainability leadership, we remain steadfast on our journey towards responsible corporate citizenship. This certification is a strong endorsement of YES BANK’s Sustainability leadership amongst our banking peers, and underlines our commitment to the Responsible Banking ethos. The processes and practices that have been established, or improved, through this certification perfectly align with our stated objective of using the Triple Bottom Line approach as a measure of our performance.”
The ISO 14001:2004 is a voluntary standard developed by the International Organization for Standards (ISO) that sets out the criteria for an environmental management system (EMS). An ISO 14001:2004 provides assurance to company management, employees and external stakeholders that environmental impact is being monitored and measured in an organization.
YES BANK, India’s fourth largest private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and his 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 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 vision of “Building the Best Quality Bank of the World in India”.