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 2024, Yes Bank reported total carbon emissions of approximately 1,776,000,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 1,768,525,540 kg CO2e. This includes emissions from capital goods (1,270,080 kg CO2e), business travel (2,275,170 kg CO2e), and employee commuting (8,776,160 kg CO2e). Scope 1 emissions were reported at about 3,450,230 kg CO2e, while Scope 2 emissions totalled approximately 37,442,550 kg CO2e. In 2023, the bank's emissions were lower, with total emissions of around 572,923,410 kg CO2e, primarily driven by Scope 3 emissions. The bank's Scope 1 emissions for that year were about 3,541,400 kg CO2e, and Scope 2 emissions were approximately 37,468,120 kg CO2e. Yes Bank has committed to reducing its carbon footprint but has not yet established specific near-term or long-term reduction targets. The bank's commitment to the Science Based Targets initiative (SBTi) is currently classified as "Committed," with targets expected to be submitted by July 31, 2023. However, previous near-term targets have been removed or expired, indicating a need for clearer commitments moving forward. Overall, Yes Bank's emissions data highlights the significant impact of its operations on climate change, particularly through Scope 3 emissions, and underscores the importance of establishing robust reduction targets to align 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.
