YES Bank, India’s fifth largest private sector bank, has made it to the MSCI All Country World Index (ACWI) – ESG Leaders Index and MSCI ACWI SRI Index.
The bank is amongst the top 12% of the global financial industry on ESG (Environmental, Social & Governance)Performance and highest compared to the top-10 largest banks globally.
The report highlights that on Corporate Governance, YES BANK is in the highest scoring range of all companies that MSCI assesses, which includes global peers, indicating that the Bank’s corporate governance practices are aligned to shareholders’ interest.
Rana Kapoor, Managing Director & CEO, YES BANK, said,“YES BANK’s additional selection in MSCI ACWI ESG Leaders & SRI Index this year is a matter of great pride. This inclusion reinforces YES BANK’s laser-sharp focus on prioritizing Corporate Governance, Risk Management and ESG performance. The Bank’s 360 degree risk framework, which includes ESG parameters, is integral to future-proofing the Bank’s business.”
MSCI serves 99of the top 100 largest money managers, according to the most recent P&I ranking. YES BANK’s inclusion in the MSCI ACWI Index suite would give the Bank premium positioningwith those global investors that have benchmarked $3.2 Trillion assets with ACWI.