Became the first bank in India in 2014 to get ISO 14001:2004 certificate- world’s leading environment management system,Certification Scope enhanced in 2016 to strengthen YES BANK’s commitment towards environment sustainability
IndiaCSR News Network
MUMBAI:YES BANK, India’s fifth largest private sector bank, has successfully completed ISO 14001 certification for 184 of its locations. Given its commitment to environment and conservation, this certification helps YES BANK to rigorously measure, manage and report its environmental performance, implement world class management system across its new and existing branch network.
Currently in its’ 12th year of operation, YES BANK has pledged towards climate action and has demonstrated leadership in the Indian BFSI space to adapt to mitigation frameworks and environmental policies to reduce green house gas emissions and from its operation. The Bank has plans to migrate to the new ISO 14001:2015 version of environmental management system this year, following a lifecycle impact approach of its operation during recertification to the new cycle.
The certification has been awarded by Bureau Veritas Certification (BVCI), a global leader in conformity assessment and certification services post a rigorous set of audits across its branch network. The ISO 14001:2004 Certification would entail that YES BANK reduces its resource usage, waste generation and disposal costs, energy consumption and, improves process efficiency and utilizes recoverable resources.
Rana Kapoor, Managing Director & CEO, YES BANK, on this significant moment said, “We are extremely pleased to enhance the scope of the ISO 14001:2004 certification to all our hub branches. It not only endorses our leadership position in environmental sustainability, but also our commitment towards effective climate action. We are on an exponential growth trajectory and the robust management system implementation has helped to integrate policies and practices on ground. In line with our COP 21 commitment, YES BANK will constantly endeavor to contribute towards India’s Nationally Determined Contributions for climate risk mitigation.”
Namita Vikas, Group President and Chief Sustainability Officer, YES BANK said, “YES BANK is committed to continuously benchmark and enhance its environmental performance through strategic internal interventions. By creating enduring value, and sustainability leadership, we engage with our internal and external stakeholders to create awareness for environmental risk mitigation. The continuity in the certification is a strong endorsement of YES BANK’s sustainability leadership and underlines our Responsible Banking ethos”
Ramesh Koregave, General Manager, South Asia Region, BVCI, applauding the Bank’s achievement said, “The Bank has initiated objectives and plans for improving the environmental performance related to its banking activities and the management commitment has been a key factor which has contributed towards the achievement of the bank’s Environmental objectives. We compliment YES BANK for achieving such distinction.”