Launch of India’s first Green Bond Impact Report by YES BANK

India's private sector YES Bank’s has launched recently its first ‘Green Bond Impact Report – FY 2016-17‘at the recently held ‘The Opportunity of Green Finance’ symposium organized by YES Bank and FMO, along with DEG and Proparco.

According to YES Bank it is the first Indian organization to come up with a green bond impact report and this reaffirms its position as a pioneer in transparency and disclosures. The report assesses the expected environmental and social impact of the projects funded through proceeds of the three green bonds issued by YES Bank in the recent years. It primarily reflects the outcomes these green projects would potentially generate including the environmental risk mitigation through reduction in harmful gases like carbon dioxide, sulphur dioxide, and oxides of nitrogen.