IIM-L join hands with Yes Bank to spread ‘climate literacy’

To achieve sustainable development through shared learning, the Indian Institute of Management Lucknow (IIM-L) and Yes Bank are signing a charter to further the common objective of spreading ‘Climate Literacy’.

Yes Bank will support IIM-L in updating the two years course curriculum in accordance with global standards, along with delivering guest lectures. The bank will also arrange for sitevisits at various Yes Bank -Corporate social responsibility (CSR) project locations, providing students with the opportunity to develop case studies based on these projects and understand the on-ground impact of the CSR intervention.

Similar case studies on Yes Bank have been developed by various institutions, including Harvard Business School (USA) and IESE Business School (Spain) among others, an official of the bank said.

Yes Bank and IIM-L will also work together to develop knowledge reports on areas such as Environment, Social and Governance (ESG) parameters in business decision making, business models for Low Carbon Transition, etc

The focus areas for the joint activities will include building capacity in the leaders of tomorrow to understand the emerging field of sustainability by conducting joint research on relevant topics. The move is also aimed to encourage shared learning through knowledge exchange sessions to comprehend academia’s perspective on climate change and providing an insight to students on emerging corporate best practices and sustainable development business models.

Speaking about the joint initiative, Rana Kapoor MD and CEO, Yes Bank said, “We want to commend IIM-Lucknow for its focus on sustainability as part of its in-depth curriculum. I believe this partnership with IIM-Lucknow will enable us to create an environment of cultivating leaders who are focused on adopting the current best practices in environmental risks and financing environment-friendly sustainable growth.”

Ajit Prasad, director, IIM-Lucknow, said, “This is a brilliant example of collaboration between academia and industry. Both IIM and Yes Bank will benefit from the synergy so created. At IIM we are looking forward to many such partnerships.”

“Sustainability has become integral to corporate strategy and towards achieving holistic growth. I believe that our collaboration will enable our students to understand that and address environmental and social issues in accordance with the economic challenges,” he added.

THE MOVE IS AIMED TO PROVIDE AN INSIGHT TO STUDENTS ON EMERGING CORPORATE BEST PRACTICES AND SUSTAINABLE DEVELOPMENT BUSINESS MODELS.