Yes Bank

YES Bank, headquartered in India and operating within financial intermediation services (excluding insurance and pension funding), has reported its carbon emissions. For the financial year 2023, the bank's total emissions reached approximately 616.38 million kg CO2e. This figure encompasses Scope 1 emissions of about 3.54 million kg CO2e, Scope 2 emissions of approximately 37.47 million kg CO2e, and a substantial Scope 3 total of around 572.92 million kg CO2e. Scope 3 emissions were significantly driven by investments, which accounted for approximately 559.98 million kg CO2e.

In 2022, YES Bank's total emissions were approximately 2.07 billion kg CO2e, with Scope 1 emissions around 3.22 million kg CO2e, Scope 2 at approximately 44.28 million kg CO2e, and Scope 3 at roughly 1.92 billion kg CO2e. The majority of Scope 3 emissions in 2022 were attributed to investments, totalling approximately 1.91 billion kg CO2e.

Previous years also show significant emissions, with 2021 reporting a total of about 97.12 million kg CO2e (Scope 1: estimated at 2.52 million kg CO2e, Scope 2: around 37.39 million kg CO2e, Scope 3: approximately 77.09 million kg CO2e). In 2020, total emissions were approximately 48.59 million kg CO2e (Scope 1: around 2.57 million kg CO2e, Scope 2: approximately 40.72 million kg CO2e, Scope 3: around 48.60 million kg CO2e).

YES Bank has previously engaged with the Science Based Targets initiative (SBTi). As of September 2018, the bank had a commitment related to near-term targets, though this commitment was later removed. An updated status from September 2018 indicated a commitment with an extension for target submission by July 31, 2023, and a "No" for net-zero commitment and a 1.5°C pathway. Another entry from August 2024 states that the near-term target status was "Removed". The available data does not indicate current, active, science-based reduction targets.