Need to address issue of 3S-Social, Sustainable & Scalable: Ashish Agarwal, Yes Bank

There cannot be any sustainable business in an unsustainable world, Ashish Agarwal, senior group President & Chief Risk Officer of YES Bank, said in his opening address at the Global Business Summit.

Agarwal said the theme of the summit this year—Social, Sustainable and Scalable—cannot be more relevant and that the 3S are interlinked and synergistic. He said the challenge is to find a way to expedite action on the 3S. “One thing we can do is to learn from experts as we discuss policy ideas and best practices to address this issue of 3S,” he said Agarwal said one of the big challenges in today’s world was that one can scale rapidly without adding too many jobs. “It is a challenge on how to deal with the social consequence of this,” he said. “For businesses, going forward, their ability to aggregate and harness all kinds of data will determine the difference between life and death,” he added.

“Lets say a resounding yes to building scalable and sociable businesses, which are also sustainable,” he said.