YES BANK, India’s fifth largest private sector bank, has become the first Indian bank to be selected as part of the Dow Jones Sustainability Indices (DJSI) in the Emerging Markets Index. The Index comprises 92 companies from 14 emerging economies including China, Brazil, South Africa and Taiwan. 116 banks from emerging economies were invited to participate, of which YES BANK is the only Indian bank to have been included.
YES BANK underwent a rigorous assessment on 1000 data points that include economic, social and environmental dimensions. Recently, YES Bank and International Finance Corporation (IFC) opened trading of the world’s first Green Masala Bond of INR 3.15 billion issued by IFC and listed on the London Stock Exchange. YES Bank had issued India’s first-ever Green Infrastructure Bonds for INR 1000 crore (USD 160 million) with green shoe option that witnessed strong demand from leading global and domestic investors.
Rana Kapoor, MD & CEO, YES BANK, said, “We are extremely proud to be the first Indian Bank to be selected in the Dow Jones Sustainability Indices, in Emerging Markets Index. We believe that banks being central to an economy should influence and facilitate positive impact. YES BANK strives to set an industry benchmark towards creating a sustainable ecosystem and serve our customers, clients, employees and communities better. We certainly hope that this global recognition will help evangelize sustainability and environment management in the entire banking sector.”