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 53 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 41,009,520 kg CO2e, comprising 3,541,400 kg CO2e from Scope 1, 37,468,120 kg CO2e from Scope 2, and 572,923,410 kg CO2e from Scope 3 emissions. This represents a significant increase in Scope 3 emissions compared to previous years, indicating a growing impact from upstream activities. In 2022, the bank's total emissions were about 1,924,342,690 kg CO2e, with Scope 1 emissions at 3,217,140 kg CO2e and Scope 2 emissions at 44,284,500 kg CO2e. The increase in Scope 3 emissions highlights the need for enhanced sustainability measures. Yes Bank has committed to reducing its carbon footprint but has not yet established specific reduction targets or a net-zero commitment. The bank's near-term target status is currently marked as "Committed," with a deadline for target submission set for July 31, 2023. However, previous commitments have been removed or expired, indicating a need for clearer and more actionable climate strategies. Overall, Yes Bank's emissions data reflects the challenges faced by financial institutions in managing their carbon impact, particularly in Scope 3 emissions, which often represent the largest share of total emissions. The bank's ongoing efforts to address these challenges will be crucial in aligning with global climate goals.
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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.
