In the 2016 Paris climate agreement, scientists and all countries agreed that if we have to limit global warming to 1.5 degrees, the world has to become carbon neutral by 2050. Consequently, several countries committed to becoming net zero by 2050, including India by 2070. Almost all large corporations across the world and India have committed to becoming net-zero in the next 15-20 years. Almost two-thirds of the total emissions of any organization lie in the supply chain. The centre believes that Supply-chain decarbonization will be a “game changer” for the impact of corporate climate action. For companies, mostly in customer-facing sectors, end-to-end emissions (Scope 3) are much higher than the direct emissions in their own operations (Scope 1 and 2 emissions). Addressing Scope 3 emissions is fundamental for companies to realize credible climate change commitments.
IIM-B, with support from TCI has set up a dedicated lab to help organizations address scope 3 emissions and assist companies on their net zero journey.
The TCI-IIMB SCSL aims to advance Sustainable Supply Chain Management in India through research and consulting services. The lab conducts research in areas such as decarbonization, circular economy and sustainable procurement, and publishes white papers on Sustainable Supply Chain Management topics. It also offers consulting services on carbon-related mapping, measurement, mitigation, and management. Moreover, it provides certification and assessment services, such as supplier sustainability assessment. It has already initiated research projects, white papers, and case studies, and is partnering with other organizations.
The lab provides a platform for researchers, students, and faculty members to collaborate, develop and share knowledge, and work towards the common goal of advancing supply chain sustainability practices. Through the lab, IIMB fosters partnerships with industry leaders, government agencies, and other academic institutions. It also provides opportunities for students to gain practical experience through internships, research projects, and other programs.