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 23 is lower than 72% 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 2022, Yes Bank reported total carbon emissions of approximately 47,501,640 kg CO2e, which includes Scope 1 emissions of about 3,217,140 kg CO2e, Scope 2 emissions of approximately 44,284,500 kg CO2e, and Scope 3 emissions of around 71,636,720 kg CO2e. The bank's emissions data for 2023 and 2024 is currently unavailable, but it is noted that the emission intensity for their electricity generation portfolio was about 404 kg CO2e/MWh in 2023 and 479 kg CO2e/MWh in 2024. Yes Bank has previously set commitments regarding carbon reduction, but these commitments have faced challenges. As of 2023, the bank's near-term target status was marked as "Committed," with an extension for compliance until July 31, 2023. However, a previous commitment was removed, indicating a lack of long-term targets or net-zero commitments. The bank's emissions data is not cascaded from any parent organization, and all reported figures are sourced directly from Yes Bank Limited. The bank operates within the financial sector in India, focusing on diverse financial services, including banking and insurance.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,291,740 | 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 |
| Scope 3 | 2,642,230 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
