YES BANK, India’s fourth largest private sector bank partnered TERI (The Energy and Resources Institute) as Banking Partner for the World Sustainable Development Summit (WSDS) 2018 in New Delhi. The YES BANK report on Food-Energy-Water (FEW) Nexus for Livelihood’ highlights the positive policy signals and actions on ground by private sector towards an integrative approach on managing FEW resources. The report provides national and global best practices on leveraging the nexus, centered on overall resource efficiency and livelihood generation. These case studies hold huge potential for replicating and scaling the nexus approach in current policy and business landscape to create maximum impact.
Hon’ble PM Shri Narendra Modi delivered the Inaugural Address and stressed on re-enforcement of India’s commitment to work towards a sustainable planet, for present and future generations. The PM highlighted India’s steady progress on creating a carbon sink of 2.5-3 bn tonnes of carbon dioxide equivalent by 2030, a mighty feat. As the world’s fastest growing major economy, the PM spoke about India’s immense energy needs, expected to be met by 175 GW Energy from renewable sources, by 2022.
The Summit also witnessed participation from Shri H.S. Puri, Minister (IC) for Housing and Urban Affairs; Shri R.K. Singh, MoS (I/C), Power & Renewable Energy; Shri Jayant Sinha, MoS, Civil Aviation; Dr. Harsh Vardhan, Union Minister, Ministry of Science & Technology, Ministry of Environment, amongst a host of other National and International decision makers.
Commenting on this occasion, Rana Kapoor, MD & CEO, YES BANK, said “Food Energy and Water nexus for Livelihood Security in India form the three quint essential resources that are critical to fuel economic growth and ensure livelihoods, underpinning achievement of 75% of the Sustainable Development Goals (SDGs). The complex and dynamic interactions among the three resources, coupled with the increasing demand and constrained supply, exacerbated by climate change, necessitates a paradigm shift from the conventional fragmented approach to a nexus approach in managing these resources.”
YES BANK believes that as a financial institution, there is an inherent need to play a leading role in India’s development. Since its inception in 2004, YES BANK through its Responsible Banking’ ethos has believed in creating sustained value for its stakeholders, through social, economic and environmental dimensions. Integrated with core business strategy, Responsible Banking steers the sustainable development agenda at YES BANK through its pathways of Social & Developmental Impact, Climate Action, and Transparency & Disclosures.
About YES BANK
YES BANK, India’s fourth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India.