Yes Bank
Yes Bank Limited, headquartered in Mumbai, India, is a prominent player in the Indian banking sector, offering a diverse range of financial services. Founded in 2004, Yes Bank has rapidly evolved, establishing itself as a key provider of corporate and retail banking solutions across major operational regions in India. The bank's core offerings include personal banking, corporate banking, investment banking, and wealth management, distinguished by their customer-centric approach and innovative digital solutions. Yes Bank has achieved significant milestones, including being the first private sector bank to receive a banking licence from the Reserve Bank of India in over a decade. With a strong market position, Yes Bank is recognised for its commitment to sustainability and social responsibility, making it a trusted choice for millions of customers. Its unique blend of technology and personalised service continues to set it apart in the competitive landscape of Indian banking.
DitchCarbon Score
How does Yes Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Yes Bank's score of 51 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Yes Bank's reported carbon emissions
In 2023, Yes Bank reported total carbon emissions of approximately 41009520 kg CO2e, comprising 3541400 kg CO2e from Scope 1, 37468120 kg CO2e from Scope 2, and 572923410 kg CO2e from Scope 3 emissions. This reflects a significant reliance on indirect emissions, particularly from its operations and supply chain. Over the years, Yes Bank's emissions have fluctuated. In 2022, the total emissions were about 47501640 kg CO2e, with Scope 1 emissions at 3217140 kg CO2e, Scope 2 at 44284500 kg CO2e, and Scope 3 at a staggering 1924342690 kg CO2e. The bank's emissions peaked in 2021 at approximately 40524110 kg CO2e, with Scope 3 emissions reaching 77093400 kg CO2e. Yes Bank has committed to reducing its carbon footprint, although specific reduction targets have not been established. The bank is currently in a transitory grace period for compliance with its commitment policy, with targets expected to be submitted by July 31, 2023. As of now, Yes Bank has not committed to a net-zero target. The bank's emissions intensity for its electricity generation portfolio was reported at 404 kg CO2e/MWh in 2023, indicating a focus on improving its operational efficiency. However, the absence of long-term reduction targets highlights the need for a more robust climate strategy moving forward.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,291,740 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 34,226,390 | 00,000,000 | 00,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 2,642,230 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Yes Bank is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
