YES BANK receives ISO 14001:2015 Certification for 732 facilities – highest in the sector, globally

YES BANK’s Environmental Management System (EMS) has been certified ISO 14001:2015 for the seventh year in a row covering 732 facilities – the highest in the Banking, Financial Services and Insurance (BFSI) sector, globally. The Bank’s EMS is geared towards greening operations and enhancing its environmental performance.

The ISO 14001:2015 is a globally recognized standard developed by the International Organization for Standards (ISO) that sets out the criteria for an EMS. The Certification has been awarded by Bureau VERITAS India Private Limited, a global leader in certification services.

YES BANK has adopted an Environmental Management Policy aimed at reducing its carbon emissions intensity by 10% year-on-year. The certification highlights the Bank’s efforts at reducing the use of paper, enhancing energy efficiency, recycling waste, mitigating environmental risk, and integrating environmental sustainability into its operations.

The Bank was also recently rated ‘A-‘ (Leadership Band) by CDP, for its 2019 Climate Change disclosures, surpassing the averages for the Financial Services and the Asia Region, which stand at ‘C’. YES BANK is also rated ‘A-‘ (Leadership Band) in the 2019 Supplier Engagement Rating by CDP.

Speaking on the announcement, Ms. Namita Vikas, Senior Group President & Global Head, Climate Strategy & Responsible Banking, YES BANK, said, “Reducing the environmental footprint of the Bank’s operations is a key priority. The seven year ISO journey towards environmental sustainability has been a collective effort with a strong commitment, towards environmental performance, from the leadership and employees across the Bank.”

Commenting on the certification, Mr. Jagdheesh Manian, Head – South Asia Operating Region, Bureau Veritas India Private Limited, said, “It is indeed a proud moment for YES BANK, to be certified for Environment Management Systems to the requirements of ISO 14001:2015. It is a recognition, made possible by pure collective hard work and dedication, by its employees. The certification shows vision and commitment by the top management to make the organization environmentally responsible, involving all the 726 branches and 6 corporate offices. Bureau VERITAS commends these efforts and congratulates the entire team of YES BANK on this achievement.

In 2014, YES BANK became the first Bank in India to receive the ISO 14001:2004 Certification and in 2017, was the first Bank, globally to migrate to the ISO 14001:2015 standard for its Environmental Management System.

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