Yes Bank Ltd

Lobbying Transparency and Governance

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Direct Lobbying Transparency
Overall Assessment Comment Score
Comprehensive Yes Bank provides thorough and specific information on every aspect of its climate-policy advocacy. It lists several concrete policy initiatives it has engaged on, including the Indian Banking Association’s "Green Finance Taxonomy for Banks," "Transition Finance" guidance, and state-level measures such as West Bengal’s electric-vehicle policy and the roadmap for Himachal Pradesh’s EV charging infrastructure, and states that it "Support[s] with no exceptions" these climate-related measures. The bank is equally clear about how and where it lobbies: it sits on the IBA Standing Committee on Environmental, Social and Governance, participates in IBA working groups, and has "worked with Department of Power, West Bengal" and "the Department of Transport, Himachal Pradesh," demonstrating both indirect (industry-association) and direct engagements with specifically identified government bodies. Finally, it discloses the precise objectives of these efforts, such as "developing recommendation/suggestions for mainstreaming green/transition finance for policy makers/regulators/other stakeholders," assisting the state of West Bengal in drafting its EV policy, and preparing the EV charging roadmap for Himachal Pradesh. By naming the policies, the mechanisms and targets, and the concrete outcomes it seeks, the bank demonstrates a comprehensive level of transparency around its climate-related lobbying activities. 4
Lobbying Governance
Overall Assessment Comment Score
Limited Yes Bank Ltd has publicly committed to align its policy engagement with climate objectives but provides only a general approval process rather than a structured oversight mechanism. It highlights that “Yes Bank is a signatory to UNEP-FI collective commitment to climate action” and its sustainability report affirms that “the Bank will engage with its stakeholders including clients, peer banks, regulators and Governments and climate scenario providers for accelerating low carbon transition.” The bank explains that “all these engagement opportunities are evaluated to check synergies and alignment with Bank’s overall climate change strategy and commitments and internal approvals are taken for initiating engagements,” and it confirms a position statement “to conduct your engagement activities in line with the goals of the Paris Agreement.” However, we found no evidence of any named individual or formal body responsible for overseeing the alignment of its lobbying or engagement efforts, nor details on managing indirect lobbying through industry or trade associations, indicating the disclosed governance process is limited and lacks explicit coverage of both direct and indirect lobbying channels. 1