The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
ESG

Asia's best bank for CSR 2016: Yes Bank

Awards for Excellence 2016

AfE 2016 logo-196 135

 

Results index 

Yes Bank’s philanthropic activities in Asia may not have the scale of some regional banks. But here we reward the efforts and ambitions of a smaller Indian bank, in a market not always known for sustainability and good governance.

Our award is triggered by two things. Just 12 years old, Yes Bank has sought from the outset to build principles of sustainable, inclusive and responsible banking. The clearest evidence of this in practice has been its leadership position in green energy finance. Shortly before our review period, in February 2015 Yes Bank issued India’s first green infrastructure bonds, to fund renewable energy projects; during our review period it follow up by raising Rs3.15 billion ($47 million) through a further issue of these bonds to the IFC, a private placement that represented the first ever investments by the IFC in an emerging markets green bond issue.

Yes Bank picked an opportune moment to do it, catching a brief (very brief, as it turned out) window of momentum towards masala bonds, listed on the London Stock Exchange, where the bonds now trade.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree