Private sector bank Yes Bank,has become an official supporter of the Natural Capital Declaration (NCD) and will provide support and input into the development of accounting,disclosure and reporting frameworks that incorporate natural capital considerations.
The NCD,convened by Global Canopy Programme and the United Nations Environment Programme Finance Initiative,is a finance-led and CEO-endorsed initiative committing financial institutions to integrating natural capital considerations into financial products and services,accounting and reporting.
Over 40 financial institutions are signatories to the Declaration and more than 30 supporter organisations which bring a range of expertise and stakeholder interests.
Natural capital considerations should be at the epicentre of all business and financial decisions. At YES BANK we firmly believe that the financial sector needs to take a leadership role in promoting the transition towards natural capital accounting and this can not only be evidenced by our on-going involvement with the NCD, said Rana Kapoor,MD and CEO,Yes Bank.
Yes Bank also held the first Natural Capital Awards in conjunction with Saevus,where several finest natural capitalist of India were recognised.