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Yes Bank Limited, commonly referred to as Yes Bank, is a prominent financial institution headquartered in Mumbai, India. Established in 2004, the bank has grown to become a key player in the Indian financial intermediation sector, specialising in a broad range of banking and financial services beyond insurance and pension funding. Its core offerings include retail banking, corporate banking, and treasury operations, with a focus on innovative digital solutions that enhance customer experience.
With a strong presence across major regions in India, Yes Bank has earned recognition for its robust market position and commitment to financial inclusion. The bank’s strategic milestones, including its rapid expansion and emphasis on technology-driven banking, underscore its role as a significant player in India’s banking landscape. Known for its customer-centric approach and diverse product portfolio, Yes Bank continues to evolve as a trusted name in financial intermediation services.
41
DitchCarbon score
+4 vs industry average
Yes Bank’s score of 41 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Yes Bank's reported carbon emissions
Yes Bank, headquartered in India, is a financial intermediation services provider.
In 2023, Yes Bank reported total emissions of approximately 614.0 million kg CO2e. This included Scope 1 emissions of around 3.5 million kg CO2e, Scope 2 emissions of about 37.5 million kg CO2e, and Scope 3 emissions totalling approximately 572.9 million kg CO2e. Key contributors to Scope 3 emissions were investments at approximately 559.9 million kg CO2e, business travel at about 2.1 million kg CO2e, and employee commute at roughly 2.3 million kg CO2e.
Looking back, in 2022, the bank's total emissions were approximately 1.97 billion kg CO2e, with Scope 1 at about 3.2 million kg CO2e, Scope 2 at roughly 44.3 million kg CO2e, and Scope 3 at around 1.92 billion kg CO2e. This represents a significant decrease in total emissions between 2022 and 2023, largely driven by a reduction in Scope 3 investments.
Yes Bank has committed to achieving net-zero operational emissions by 2030 across all scopes. To progress towards this goal, the bank plans to transition most of its facilities to renewable energy sources. In the financial year 2022-23, the share of renewable energy in the bank's electricity mix increased to around 11%, leading to an avoidance of approximately 4,435.77 tonnes CO2e. During the same period, the bank reduced its direct emissions by 13.66% compared to the previous year. Yes Bank also aims to enhance energy efficiency to further reduce its energy consumption.
The bank's Science Based Targets initiative (SBTi) commitment, made in September 2018, is currently listed as "Commitment removed," with targets needing to be submitted by July 2023.
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Yes Bank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Yes Bank4 months ago
41
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Frequently asked questions
Common questions about Yes Bank’s sustainability data and climate commitments
In 2023, Yes Bank reported total carbon emissions of approximately 614.0 million kg CO2e. The largest portion, a vast majority, stemmed from Scope 3 emissions, totalling around 572.9 million kg CO2e. Scope 2 emissions were about 37.5 million kg CO2e, and Scope 1 emissions were roughly 3.5 million kg CO2e. This breakdown highlights the significant impact of indirect emissions, particularly from investments, on the bank's overall carbon footprint within the financial intermediation sector in India.
Data year: 2023
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