Business Brief Yes Bank, UN to Align Global Banking Sector with a Sustainable Future
Private sector Yes Bank today said it is among the 26 banks from across the globe which will work on alignment of global banking sector with the UN's sustainable development goals (SDGs).
New Delhi, May 30 (PTI) Private sector Yes Bank today said it is among the 26 banks from across the globe which will work on alignment of global banking sector with the UN's sustainable development goals (SDGs).
Under this, the banks will work on redefining global banks' purpose and business model to maximise positive impact on the society and environment.
"United Nations estimates that SDGs require USD 90 trillion investments till 2030, of which India's annual requirement is to the tune of USD 960 billion. In order to meet this enormous financing requirement, the banking industry needs to adopt a 'future now' approach towards sustainable finance... Yes Bank is paving the way for the sector in redefining its role towards achieving sustainable and inclusive development globally," Rana Kapoor, MD and CEO, Yes Bank said.
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