an initiative endorsed by

September 4, 2013, New Delhi A Compendium

About Natural Capital Awards

We're always planning for the future. As the species that's able to 'think', we're securing our homes and our children's future. In the process, sometimes we forget that the resources we need to truly protect are the ones that we seem to ignore: water, air, flora, fauna, and soil. To truly acknowledge the link between natural resource consumption and economic development, conserving and protecting these resources is imperative. However, we only seem to appreciate and nurture an asset once we have assigned a monetary value to it.

'Natural Capital', simply put, is the economic value of nature. Therefore, calculations must take into consideration the intangibles, such as boundless beauty, as well as the tangibles, such as the cost per unit of a natural resource.

The YES BANK-Saevus Natural Capital Awards programme will endeavour to find, reward and showcase the finest natural capitalists of India, comprising individuals, groups and corporations that are dedicated towards spearheading biodiversity growth and environmental stewardship.

The eminent jury panel for the awards comprises legendary Indian naturalists, photographers and environmentalists who have contributed in building natural capital.

The Logo Inspiration

The design of the logo is inspired by the symbol of infinity. It is representative of the continuous cycle of nature and natural capital. The continuum symbolizes the importance of the sustainable use of our resources in order to preserve and balance the reserve of natural resources for future generations.

The upper section of the logo contains coloured strands that represent the 4 elements of nature – Earth, Wind, Fire, Water, which form the building blocks of our ecosystem and maintain its balance. These strands come together and blend into a green money plant leaf in the lower half of the logo. The logo is symbolic of wealth generation and the preservation of capital, aligned to YES BANK's brand identity. Key Partners

Event endorsed by

Knowledge Partner

Chamber Partner Message

YES BANK, India's fourth largest private sector bank, and Saevus magazine jointly organised the YES BANK-Saevus Natural Capital Awards-a unique platform that has identified individuals and corporations that have made ecological preservation and conservation their utmost priority.

Wildlife and nature photography serves as an important art to showcase the marvel of biodiversity. The grandeur, beauty, intelligence and interdependencies of ecosystems are highlighted through thought provoking photographs and visual storytelling, that serve as an inspiration for individuals Rana Kapoor and corporations to position nature preservation at the forefront of their decision-making processes. The key differentiator of the YES BANK-Saevus Natural Capital Awards is its emphasis on showcasing the intangible value of nature through visual imagery and natural history documentation, highlighting the important role it plays in informing humanity of its place in the biosphere.

A study conducted by the Club of Rome titled, 'Limits to Growth', clearly highlights the eventuality of resource scarcity, whereby the earth's capacity to provide natural resources and fuel economic growth will diminish. The expanding economies of the BRIC nations over the past two decades have added more weight to this argument, where energy, food and water security have been determined as priorities to ensure the sustainability of economic growth. Often excluded from corporate balance sheets are the environmental costs of doing business, whereby corporations undertake extensive natural capital accounting to determine their impact on the ecology. To fill this gap, we believe country specific natural capital accounting frameworks need to be developed both at the individual and corporate level.

Our take on 'Natural Capital' is therefore two fold, where we believe individuals and Corporations have significant, and at times, interdependent roles to play to ensure a natural resource conscious future. I strongly encourage you to be a part of this movement to ensure that our future generations inherit an abundant and ecologically rich planet.

This important initiative of YES BANK is in line with the new CSR provisions under Companies Bill, 2012 that encourages organisations to focus on integrating their business models with social and environmental priorities to create shared value.

Thank you.

Rana Kapoor Managing Director & CEO Address by Key Speakers

Climate change caused by global warming is no longer an esoteric topic of discussion in industry department and meteorological departments in universities around the world. It is perhaps the most uniquely compelling challenge of human history. Today humanity threatens to destroy not only just itself by ruthless and selfish actions but also threatens to irrevocably alter the Dr. Shashi Tharoor course of whole life on earth. Chief Guest In fact Vedic philosophy for instance recognized five elements land, water, fire Hon’ble Minister of State for air and sky as panchbhootas for performing yagna or worship and today we do Human Resource Development not think twice about polluting all these five elements with our greed and ignorance. In more contemporary Indian history we have the example of Gandhiji who among many other things was a staunch environmentalist; he drew inspiration from profound Hindu tradition of trusteeship and he was influenced by the Upanishads when he said “the country's development has to be in harmony with nature. Each member of the community has to live in harmony with the nature”

The government of India is committed to improving community system and we have even divided the governance of Natural Capital to Panchayati Raj institutions. The Indian principle of 'Jugaad' needs to be institutionalized in a way to think out of the box think creatively and bring nontraditional solutions to traditional issues. Another area where the government is playing its part is by improving environmental education in our institutions of R&D. While we progress it's important to create better research facilities too which will help us contain our carbon footprint.

I understand that YES BANK is signing Natural Capital Declaration which was convened by the global canopy programme and the UNEP FI. Its heartening to see the wider support for the declaration as the supporting organization will bring with them a range of expertise and interests of stake holders will get aligned towards ensuring environmentally sustainable growth.

I would start by quoting Gandhi “we may utilize the gifts of nature just as we choose but in our books the debits are always equal to credits”. The crux of the problem for time immemorial is that we have been running the debits without estimating them and this is a result of our sheer ignorance. Now fortunately we have the science and knowledge to assess it. Dr. R. K. Pachauri Guest of Honor An assessment done by us, we came up with the result that if the temperatures go Director General, TERI up by 1.5 to 2.5 degree more then 20 – 30 % of the species will face the threat of extinction. This will result into innumerable health risks and will also affect the yield and output. It will also have serious implication for business as it will result in the increase of frequency and intensity of heat waves. Heat waves that take place once in twenty years will become once in two years by the end of this century. So this will lead to drop in productivity like in France in the year 2003 when 4000 people died due to it. So business will suffer because of it. How we can play our part is by using Natural Resources more efficiently.

What we need is a new matrix, a new direction as Gandhi rightly said “The speed is irrelevant if you are going in the wrong direction”. I would end by quoting Gandhi, again when asked once about “what do you think of wildlife”, he replied that “it's getting reduced in the jungle but is increasing in the cities”.

Interaction of Natural Capital in Business, especially in the Financial Institutions is a new practice and is not very well understood. YES BANK is the first bank in India to sign up the Natural Capital declaration which was launched last year at the Rio Earth Summit and has only 40 members, I think they are all grappling with the same issues. Financial Institutions are often described as the blood supply of the economy as they determine where the money goes. So Financial Yuki Yasui Institutions are the key stakeholder to make a shift to sustainable growth. Officer-in-Charge, UNEP-FI Address by Key Speakers

The direct carbon footprint of the bank is the electricity that they consume but by giving loans their carbon footprint is much larger

The implementing of Natural Capital Declaration will be fraught with a lot of technical difficulties but YES BANK is approaching it as a collaborative effort first with the Financial Institutions and second with the customers and the stakeholders in India and abroad.

The more we can create shared understanding of the value of Natural Capital the quicker the innovation will follow. We are holding a conference in Beijing In October which will also see participation of YES BANK, about what Financial Institutions and regulators can do to shift financial flows towards sustainable development especially emerging markets like India, China and Brazil.

Natural Capital Awards is a path breaking initiative. The very fact that this award is being given on Natural Capital is something that makes these awards different than, all the other awards.

The edifice for development are two types of capital, Human Capital and Natural Suresh Prabhu Capital. The growth of a nation depends on Natural Capital. Unfortunately we do Former Union Minister not take into account Natural Capital in GDP growth; we only take into for Environment & Forests account Financial Capital. In pursuit of GDP we do not value Natural Capital. We are trying to create Financial Capital and trying to increase our GDP growth numbers but in the process, we are forgetting our Natural Capital. We are forgetting that financial growth can only happen with Natural Capital.

The most important challenge that lies ahead of us is the issue of valuation of Natural Capital. Do you put Historical Value on it or do you put an opportunity value on it? It is a critical issue to both India and the World and India I believe should play a pioneering role in it. We have a law called Forest Conservation Law from 1980 that states that if you cut a tree you plant two trees in its place, but do those two trees account for the same natural Capital as the one cut by displacing the forest. It is a very difficult task to give a value on nature.

I ask you all a question, how do we make GDP growth permanent and how do we make Natural Capital grow? And the answer to it is that it can only be done by reducing our population.

We are one of the 18 mega diverse countries in the world. Three of the 15 or 16 biodiversity hotspot lie within India. 12 %of the world birds are here in India. We also have 60 % of the Asian Elephant and 75% of the Rhinoceros also, are found in India.

Historically speaking, Kautilya who was an advisor to Chandra Gupta Maurya in his book Arthshashtra writes that we should protect the elephants. Ashokan edicts Vivek Menon talks of the same. So 2000 odd years ago we have had this ethic in the country; CEO Wildlife Trust of India the ethic of conserving much before the British Act of welfare of animals. So this is what our grandmothers thought us to respect the nature that is why we have this wonderful variety of large animals and bio diversity despite 1.2 billion people.

The word Natural Capital was first used by Schumacher in his book 'Small is Beautiful' a landmark economic book, where he introduced the philosophy of enoughness. In fact he called it the Buddhist economy. To manage an economy not on the principle of 'Big is better' or 'all growth is good' but of enoughness of what we require to run this country.

We need to look at Natural Capital as expendable income and include it in the core of our business activity. We need to look at how can we make it into National Natural Capital, we should look at as a heritage and build it into our economy remembering our 5000 year past.

I would like to congratulate YES BANK for such an initiative, now we need to account Natural Capital in our corporate core value and look at our hand print rather than our foot print. Award Categories

Pixel Perfect Award

Pixel Perfect Award – This award was conferred upon the best image depicting the magic of nature and wildlife. The images were judged upon technical finesse, creativity and natural history content. Each participant registered for this contest could upload upto five images for consideration. First level of jury panel had shortlisted 50 images, subjected to further evaluation by our jury for the grand finale and three winners were announced on the awards night. What We Looked For? ØNatural history content and the story behind the image, with preference for in action or behavioural shots. ØPhotographer's vision - unique/novel way of telling the story. ØPhotographic quality i.e. the technical aspects of the image. ØImages were judged based on originality, creativity and its potential for deeper visual experience.

Nature Trailblazers Award - A signature contest, owing to its unique format. The purpose of the contest was to create and generate original content through India's best talent in natural history and wildlife photography. This contest tested and challenged even the best in India, making it highly coveted.

This contest created original content with teams battling it out on assignments to various ecosystems in the Indian wild. Each team comprising of photographers, naturalists and storywriters were asked to submit their resume and body of work. Photographers shared a portfolio of 10 of their best images. The teams were allowed to have a maximum of five members.

The teams were selected by our jury members on the basis of their submissions. After the flag-off, each team were given a window of 15 days to complete the assignment. The teams picked their domain of assignment by a draw of lots from the zones selected by the jury.

The content generated was submitted with photographs, story write-up, PowerPoint presentation and video presentation. An eminent second level jury decided the best original work and the teams were the proud recipient of the award during the grand finale event. Award Categories

Nature Trailblazers Award

Eco Corporate of the Year Award

This award honours organisations working towards the betterment of the environment, ecosystems and affected communities. Applications were received from India's top Public & Private Companies with annual turnover > INR 1000 cr.

Process:

The final awardees were determined through a robust three-step selection process, on the basis of analyzing the application form in Phase I, a rigorous qualitative analysis in Phase II, followed by an eminent jury meeting.

Due diligence visits were made to the locations of the Top 3 company locations.

Eco Corporate of the Year Award India’s Precious Natural Capital: As contributed by “Pixel Perfect” award applicants Winners

Pixel Perfect

1st Prize

Baiju Patil Baiju has been practicing wildlife photography for nearly 15 years, and almost all the national parks of India have come under his lens. Beauty and drama in the wild are a constant source of inspiration for him.

2nd Prize

Amish Patel A businessman by profession, Amish developed interest in photography six years ago. He has participated in the India lion census in 2010, and has been the recipient of several national and international photography awards.

3rd Prize

Satpal Singh A 22-year-old award-winning wildlife and nature photographer, Satpal is based in Lakhimpur Uttar Pradesh. He has a keen interest in highlighting the beauty of the smaller and often overlooked members of our ecosystem. His work has been featured in several publications worldwide. Winners

Trail Blazers Winner Umeed Mistry & Tasneem Khan

Umeed Mistry has spent last 17 years doing everything possible to get close to the ocean and its inhabitants. In 2005, he began experimenting with underwater photography. Currently he works in the Andaman Islands, in collaboration with ANET (Andaman and Nicobar Environment Team, Centre for Island Ecology).

Tasneem Khan is a naturalist, working in the fields of ecology and education for the last seven years. She currently works as the Assistant Director of ANET, supervising all of its research, education and policy-related initiatives.

Not all the plants and animals in Agumbe consider the rain as a blessing. Large trees are brought crashing down, unable to withstand the onslaught of wind and water. The crab's burrow, at the edge of a forest meadow, will undoubtedly flood, forcing its tenant to search for newer, drier, living quarters.

There are, however, plenty of residents that anticipate the coming of the monsoon and revel in its arrival. In the animal kingdom, it is the invertebrates that herald the coming of the rains. Many begin the move to higher ground, others set about the task of fertilizing eggs that depend on the rains to hatch. On cue, other creatures from the forests begin their preparations for the coming rains.

If by 2025, the water demands of the human species result in two-thirds of our own kind struggling to find this resource, then what can be said of the millions of species that rely upon it as much as we do but do not have the voice to say so. With our own impending struggles for water, this is a colossal conundrum that we have not even begun to address.

Satpal Singh Special Mention A 22-year-old award-winning wildlife and nature photographer, Satpal Singh is based in Lakhimpur Uttar Pradesh. He has a keen interest in highlighting the beauty of the smaller and often overlooked members of our ecosystem. At present, he is working on studies related to the insects of North India.

Since childhood, we have denounced ants as irritating pests we wish to eradicate from our houses, without considering their indispensability to our ecosystem. These tiny creatures originated 145 million years ago, and were witness to the extinction of dinosaurs. There are about 12,000 species Winners

occurring in different geographical regions of the world, and out of these, 660 species are found in our country, inhabiting almost all terrestrial habitats including deserts and high mountains. Besides being pollinators, scavengers, and soil turners, they biologically control many pests and also indicate the ecological health of the environment. Like other social insects, ants show highly sophisticated division of labour with different individuals performing different functions. On the basis of specific tasks performed, ants are classified as Harvester ants, Leaf-cutter ants, Army ants, Fire ants and Weaver ants.

While we may boast of our unique civilization and culture as humans, we tend to forget that the tiny kingdom of Weaver ants with its thriving colonies also undergoes several challenging trials of its own. To gain an insight into their mysterious activities, we visited various locations in and around Dudhwa Tiger Reserve in South and North Kheri, Malihabad region near Lucknow, Bareilly, Shahjahanpur, Pooranpur and different agro-ecosystems of Lakhimpur district to get some candid shots from their lives. Winners

Eco Corporate of the Year

A part of the over US$ 100 billion Tata Group, Tata Chemicals Limited (TCL) is a global company with interests in businesses that focus on LIFE —Living, Industrial and Farm Essentials. The story of the company is about harnessing the fruits of science for goals that go beyond business. Through their Living Essentials portfolio the company has positively impacted the lives of millions of Indians. Tata Chemicals is the pioneer and market leader in India’s branded Iodised salt segment. With the introduction of an innovative, low-cost, nano-technology based water purifier; they are providing affordable, safe drinking water to the masses. Extending its portfolio from salt to other food essentials, TCL unveiled India’s first national brand of pulses in 2010. The company’s Industry Essentials product range provides key ingredients to some of the world’s largest manufacturers of glass, detergents and other industrial products. Tata Chemicals currently is the world’s second largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa and North America. With their Farming Essentials portfolio the company has carved a niche in India as a crop nutrients provider. It is a leading manufacturer of urea and phosphatic fertilizers and, through theirs subsidiary Rallis, has a strong position in the crop protection business. The Tata Chemicals Innovation Centre is home to world-class R&D capabilities in the emerging areas of nano-technology and bio-technology. The company’s Centre for Agri-Solutions and Technology provides advice on farming solutions and crop nutrition practices. TATA Chemicals has also entered into a joint venture with Temasek Life Sciences Laboratory Ltd. Singapore (JOiL) to develop jathropa seedlings to enable bio fuels capability. In line with its mission, ‘serving society through science’, the company is applying its expertise in sciences, to develop high-tech and sustainable products.”

ACC Limited is India’s foremost manufacturer of cement and ready mixed concrete with a country-wide network of factories and sales offices. Established in 1936, ACC is acknowledged as a pioneer and trendsetter in cement and concrete technology. Among the first companies in India to include environment protection as a corporate commitment, ACC regularly wins accolades for best practices in environment management at its plants and mines and for demonstrating good corporate citizenship. The quality of their products and customer services make ACC the most preferred brand in the Indian cement industry. ACC Limited is part of the world-wide Holcim Group. Sustainable development is recognized by ACC as a process of development that "meets the needs of the present without compromising the ability of future generations to meet their own needs . They firmly believe this constitutes balancing the Triple Bottom Line - defined as the achievement of three interdependent and mutually reinforcing goals of economic development, social development, and environmental protection. Eco Corporate Award – Key Applicants Highlights-Natural Capital Awards

Chief Guest, Dr. Shashi Tharoor, Mr. Rana Kapoor, MD & CEO, YES BANK, Hon'ble Minister of State for Human Resource Development, welcoming the delegates addressing the audience

Guest of Honour, Ms. Yuki Yasui, Officer In-charge, Mr. Rana Kapoor & Ms. Yuki Yasui UNEP-FI, addressing the audience signing the Natural Capital Declaration

Mr. Suresh Prabhu, Mr. Satpal Singh, Former Union Minister for Environment & Forest, Winner of 3rd Prize-Pixel Perfect Category, addressing the audience receiving the award

Mr. Amish Patel, Mr. Baiju Patil, Winner of 2nd Prize-Pixel Perfect Category, Winner of 1st Prize-Pixel Perfect Category, receiving the award receiving the award Highlights-Natural Capital Awards

Mr. Umeed Mistry & Ms. Tasneem Khan, Dr. R.K. Pachauri, Director General, Winner of Trailblazer Category, receiving the award TERI addressing the audience

Tata Chemicals Ltd. receiving the award for ACC Ltd. receiving the award for Eco Corporate of the Year Category Eco Corporate of the Year Category

Mr. Rana Kapoor in conversation The Natural Capital Awards Jury Members with Dr. R.K. Pachauri

Leading Environmentalists, Conservationists of India The Natural Capital Awards Winners at The Natural Capital Awards Message

It is my immense pleasure to congratulate all the winners of the YES BANK SAVEUS NATURAL CAPITAL AWARDS

The stock of natural assets and resources that provide ecosystem services, such as food, water, timber, pollination of crops and absorption of human waste products like carbon dioxide are becoming scarce. It is initiatives like these that are a demonstration of our responsibility towards our future generations.

YES BANK so far has been the front runner in sustainable development initiatives. The Rio + 20 Namita Vikas summit held in June 2012, started the dialogue on Natural Capital which was the beginning and I believe that through YES BANK’s proactive approach we would be able to influence the ecosystem in India. From here on, Responsible Banking at YES BANK will lead deeper discussions and help develop appropriate regulatory framework, disclosure mechanisms and reporting measures to integrate value, and account for natural capital within existing financial accounting standards.

We are grateful to Hon’ble Dr. Shashi Tharoor, Dr. R. K. Pachauri, Mr. Suresh Prabhu, Ms. Yuki Yasui, and Mr. Vivek Menon, your presence had added immense value. I would like to place on record our appreciation for the entire Jury and our partners Saevus, The Ministry of Tourism, TERI BCSD, and ASSOCHAM for being very supportive of this initiative.

I would like to convey my deepest appreciation and gratitude to each one of you for encouraging us in this movement.

Namita Vikas President & Chief Sustainability Officer YES BANK Saevus Natural Capital Awards on Web2.0

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