Yes Bank

Yes Bank, a financial intermediation services provider based in India, reported no disclosed emissions data for 2024.

For 2023, Yes Bank's total disclosed emissions were approximately 614,028,830 kg CO2e. This included Scope 1 emissions of 3,541,400 kg CO2e, Scope 2 emissions of 37,468,120 kg CO2e, and Scope 3 emissions of 572,923,410 kg CO2e. Key contributors to Scope 3 emissions were investments at 559,982,760 kg CO2e, business travel at 2,077,850 kg CO2e, and employee commute at 2,316,140 kg CO2e.

Looking back, in 2022, their total disclosed emissions were approximately 1,975,844,030 kg CO2e, comprising 3,217,140 kg CO2e for Scope 1, 44,284,500 kg CO2e for Scope 2, and 1,924,342,690 kg CO2e for Scope 3. The majority of Scope 3 emissions came from investments, amounting to 1,915,033,940 kg CO2e.

Yes Bank has committed to achieving net-zero operational emissions by 2030. To reach this goal, the bank plans to transition most of its facilities to renewable energy sources. In the fiscal year 2022-23, the share of renewable energy in the bank's electricity mix increased to around 11%, leading to approximately 4,435.77 tonnes CO2e in avoided emissions. This adoption of renewable energy contributed to a 13.66% reduction in its direct emissions in FY 2022-23 compared to the previous year. Additionally, Yes Bank aims to reduce its energy consumption by improving energy efficiency.