1st and only Indian bank to be a part of three global ESG benchmark indexes – MSCI ESG/SRI, DJSI, and FTSE4Good in 2017
Mumbai: YES BANK, India’s fifth largest private sector bank, has made it to the MSCI All Country World Index (ACWI) – ESG Leaders Index and MSCI ACWI SRI Index.
YES BANK is amongst the top 12% of the global financial industry on ESG (Environmental, Social & Governance) Performance and highest compared to the top-10 largest banks globally. The MSCI ESG Ratings are constructed based on thousands of data points across 37 Key ESG Parameters, including:
· Corporate Governance
· Access to Finance
· Financing Environmental Impact
· Financial Product Safety
· Privacy & Data Security
· Human Capital Development
The report highlights that on Corporate Governance, YES BANK is in the highest scoring range of all companies that MSCI assesses, which includes global peers, indicating that the Bank’s corporate governance practices are aligned to shareholders’ interest. Demonstrating a strong ability to capitalize on access to finance theme, through product and distribution channels, innovation targeting SMEs and rural areas, YES BANK faces high level of opportunity to expand its services to under-banked population.
While commenting on this significant global inclusion, Mr Rana Kapoor, Managing Director & CEO, YES BANK, said, “YES BANK’s additional selection in MSCI ACWI ESG Leaders & SRI Index this year is a matter of great pride. This inclusion reinforces YES BANK’s laser-sharp focus on prioritizing Corporate Governance, Risk Management and ESG performance. The Bank’s 360 degree risk framework, which includes ESG parameters, is integral to future-proofing the Bank’s business. The Bank proactively looks at mitigating emerging risks and creates new opportunities in India’s climate resilient business sectors. We are delighted that this “Hat-Trick” after DJSI and FTSE4Good, is a true demonstration of YES BANK’s high level performance on economic, social & environmental objectives. We feel truly honored that YES BANK is selected in this prestigious index, while in its 14th year of operation, acknowledged amongst global banking giants.”
MSCI serves 99 of the top 100 largest money managers, according to the most recent P&I ranking. YES BANK’s inclusion in the MSCI ACWI Index suite would give the Bank premium positioning with those global investors that have benchmarked $3.2 Trillion assets with ACWI.
Commensurate with its Responsible Banking ethos, YES BANK is the first and only Indian bank to be selected in all major global sustainability benchmarking indexes, including Dow Jones Sustainability Index (DJSI) – Emerging Markets and the FTSE4Good Emerging Index.
Your email address will not be published. Required fields are marked *
8th Indian Wedding Expo Waterford Banquet in Elmhurst turn to biggest Wedding Expo in Chicagoland
UK Government announces definition for cannabis-based products for medicinal use
Disclosure and Barring Service (DBS) working with SAFER Jobs to prevent people falling victim to scammers
EBRD lends €10m to FYR Macedonia to improve European transport corridor
Starting Today, New Law Allows Consumers to Place Free Credit Freezes And Yearlong Fraud Alerts
2014 The Global Indian New Network (TGINN)