A STUDY ON ESG CONSIDERATIONS IN SUSTAINABLE BANKING WITH YES BANK

Abstract

Sustainable Finance is the concept of integrating environmental, social and governance (ESG)
considerations into the business objectives and working procedures of financial institutions, with an aim to
invest and promote sustainable economic activities and projects. ESG is an important undertaking for the
entire banking and corporate sector, but it is especially significant for the banking sector, given the vital role
it plays in the global financial and economic system. Embedding ESG considerations into the banking and
finance sector and its business objectives is critical for driving its adoption into the larger economy and ecofriendly
banking.
Eco Friendly Banking is a parameter which considers the factor of safe and environment friendly investments.
Green Banking is a term which sates about the Banking sector’s determination to stand up for Green
environment and to reduce greenhouse effects through justifying their operations, policy, strategies and other
related activities of banking services, performances and internal operations. Green Banking encourages
environment friendly investments and prioritize those industries which are already into green services and helps
them to sustain and restore the gone by natural environment.
Sustainable Banking aims at zero or minimal impact of negative impact on the environment by encouraging
clean energy projects with reduced emission.
The banks in India has initiated certain Green Banking Practices by introducing Online Banking, Mobile
Banking, Solar ATM’s, e-statement procedures Gift vouchers, etc.
The study mentions different green initiatives taken by multiple banks and related proceedings.