YES BANK and TERI sign MoU to Promote Sustainable Development in Indiaby The Daily Eye Team January 13 2014, 12:20 pm Estimated Reading Time: 0 mins, 50 secs
Report by India Education bureau, New Delhi: YES BANK, India’s fourth largest private sector Bank, and TERI BCSD, an independent CEO-led industry body main streaming sustainability in business, signed a Memorandum of Understanding (MoU) to accelerate momentum for sustainable development, environmental management, social responsibility and sustained economic performance, among Indian corporates. This MoU comes at an opportune time when Corporate India is about to begin a structured journey towards CSR and Sustainable Development. Some highlights of the MoU include initiatives towards Natural Capital which India would be discussing at the 40th G8 summit in June 2014.
This MoU is an enabler for YES BANK to work with the BFSI sector on responsible finance, financial inclusion especially focussing on Agri, MSME and Tourism sectors. Both TERI BCSD and YES BANK believe that research plays an important role in policy making, evolving strategic approaches and innovative mechanism to fuel economic growth. The MoU strategically includes this as a critical step towards overall development of India.