YES BANK Included In The FTSE4Good Emerging Index For 2nd Time In A Row

YES BANK, India’s fourth largest private sector Bank, has been selected in the FTSE4Good Emerging Index for 2nd consecutive year. The selection highlights YES BANK’s continued leadership in environmental, social and governance (ESG) performance. YES BANK was rated above the threshold for companies in emerging markets, as well as that of developed markets, by FTSE Russell. YES BANK was selected amongst 87 banks from emerging markets, including China, Brazil, South Africa and UAE.

The Emerging Index comprises of companies selected through an assessment of over 300 data points that include:

• Environmental Pillar: Climate change action, environmental footprint, and environmental supply chain   
• Social Pillar: Community initiatives, human rights and labour practices 
• Governance Pillar: Corporate governance, customer responsibility, risk management and tax transparency

The bank continues to be the first and the only Indian bank to be selected in Dow Jones Sustainability Index (DJSI) - Emerging Markets for three consecutive years; additionally selected in MSCI ACWI ESG Leaders, MSCI ACWI SRI and FTSE4Good Emerging Index for 2017.

On being included in the global ESG Index, Rana Kapoor, Managing Director and CEO, YES BANK, said, “YES BANK’s continued selection in FTSE4Good Emerging Index for the second year, is a matter of great institutional pride. This inclusion reinforces YES BANK’s consistent focus on prioritizing Corporate Governance, Risk Management and ESG performance. With Responsible Banking as a centrifugal force, YES BANK has always believed that high performance on Environmental & Social parameters coupled with strong governance practices, is a key enabler for sustained growth. This selection reiterates YES BANK’s unmatched commitment to go beyond its fiduciary responsibilities and set benchmarks in climate action, community impact, and transparency.”

Commenting on the selection of YES BANK into the Index, FTSE Russell said, “FTSE Russell confirms that YES BANK has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.”

The FTSE4Good Emerging Index, launched in December 2016, assesses 1000+ companies across 47 countries and comprises 528 organisations while covering 23 emerging economies including Brazil, China, Malaysia, Mexico, Qatar, Russia, South Africa and UAE. The selection is effective from June 19, 2018, and would be valid till the next annual review.