Yes Bank Sustainability Profile
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 38 is higher than 58% 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 57,292,341 kg CO2e, comprising 3,541,400 kg CO2e from Scope 1, 37,468,120 kg CO2e from Scope 2, and a significant 572,923,410 kg CO2e from Scope 3 emissions. The Scope 3 emissions were primarily driven by investments (about 559,982,760 kg CO2e) and business travel (approximately 2,077,850 kg CO2e). The total emissions for Scope 1 and 2 combined reached about 41,009,520 kg CO2e. In 2022, the bank's emissions were slightly higher, with total emissions of approximately 1,924,342,690 kg CO2e, where Scope 1 accounted for 3,217,140 kg CO2e and Scope 2 for 44,284,500 kg CO2e. The Scope 3 emissions were notably high, primarily due to investments. Yes Bank has previously committed to near-term targets for emissions reduction; however, these commitments have since been removed or expired. As of now, there are no active long-term reduction targets or net-zero commitments in place. The bank's climate initiatives are currently under a transitory grace period for compliance, with targets expected to be submitted by July 31, 2023. The emissions data is sourced directly from Yes Bank Limited, with no cascading from a parent or related organization. The bank operates within the financial sector in India, focusing on diverse financial services.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 2,291,740 | 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 | 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 |
How Carbon Intensive is Yes Bank's Industry?
How Carbon Intensive is Yes Bank's Location?
Yes Bank's Scope 3 Categories Breakdown
Yes Bank's Scope 3 emissions, which decreased by 70% last year and increased significantly since 2017, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Investments" being the largest emissions source at 98% of Scope 3 emissions.
Top Scope 3 Categories
Yes Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Yes Bank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Yes Bank's sustainability data and climate commitments