India’s fourth largest private sector bank, Yes Bank, became the first bank in India to qualify for ISO 14001:2004 Certification, world’s leading environment management system. The certification allows Yes Bank to rigorously measure, manage and report its carbon footprint, thus ensuring a proactive step towards climate change.
Yes Bank will constantly endeavour to reduce its carbon emission intensity by 5%, thus contributing towards the green movement endorsed by the Prime Minister through the 2008 National Action Plan on Climate Change, informed Rana Kapoor, Managing Director and CEO of Yes Bank.
The ISO 14001:2004 certification also necessitates Yes Bank in reducing its resource usage, waste generated and disposal costs, energy consumption and escalates process efficiency. As per the certification Yes Bank will be also entailed to utilize recoverable resources for its operations.
While commenting on Yes Bank’s recent achievement, Namita Vikas, Senior President and Chief Sustainability Officer of Yes Bank shared that the processes and practices, which have been established or improved, through this certification perfectly align with the objective of using the Triple Bottom Line approach as a measure of Yes Bank’s performance.
The certification is awarded by Bureau Veritas, a global leader in conformity assessment and certification services.