Kotak Mahindra Bank to Establish School of Sustainability at IIT Kanpur

Kotak School of Sustainability will focus on multiple facets of sustainability enabling India’s goal of pursuing sustainable development

The Indian Institute of Technology Kanpur (IITK) and the Kotak Mahindra Bank Limited ("KMBL"/ "Kotak") today announced the launch of Kotak School of Sustainability - India’s first fully integrated school of sustainability at IIT Kanpur.

To address this global Warming challenge, IIT Kanpur and KMBL have come together to establish India’s first integrated School of Sustainability. KMBL is funding IITK through its CSR program to establish Kotak School of Sustainability with a vision to promote pedigree education, research, and outreach. Kotak and IITK believe that this School is poised to offer thought leadership solutions towards sustainability actions and prepare future generations to lead the cause of sustainable development.

The School will bring together departments and centres of excellence at IITK with an aim to provide an enabling environment for collaborative research across multiple facets of sustainability. Kotak School of Sustainability will have dedicated centres of excellence covering different aspects of sustainability such as clean energy, environment, ecology, circular economy, climate finance, sustainable societies and policy.

The Kotak School of Sustainability will be led by tenured professors and leading industry experts from across the globe. The School is placed to run both undergraduate and postgraduate academic and skill-building programs in different themes of sustainability. The School will be housed in a green building in IITK’s main campus that will be platinum-rated with net zero practices on energy, water, and waste.

Dharmendra Pradhan, Hon’ble Union Minister of Education and Skill Development and Entrepreneurship, Government of India, said “The National Research Foundation was set up to boost research and innovation through funding from industry and government. I thank Kotak Mahindra Bank for taking the right step and accepting the responsibility by contributing towards setting up the School of Sustainability. The Kotak School of Sustainability will give global leadership in the field in line with the history of IIT Kanpur and its alumni who are leaders in organizations across the world. The school will not only be about technology and economics, but will cover the A to Z of sustainability. This will be instrumental in helping India meet the ambitious target of net zero by 2070, as announced by our Hon’ble Prime Minister, Shri Narendra Modi ji.”

Prof. Abhay Karandikar, Secretary, Department of Science & Technology, Govt. of India, said, “Kotak School of Sustainability highlights IIT Kanpur’s commitment to offer a holistic approach to address sustainability challenges due to climate change. School’s mission are in sync with India's National Missions related to sustainability. The school will help in developing a strong foundation for sustainable development to achieve a climate resilient economy and society and will support country’s climate action plans and national target to reach net zero by 2070. "

Prakash Apte, Chairman, Kotak Mahindra Bank said, “We are delighted to announce the establishment of the Kotak School of Sustainability in association with IIT Kanpur. This association in line with our CSR vision to enhance the quality of life for communities through positive impacts on economic, social, and environmental parameters, aligns with India’s social development objectives and UN’s SDGs. We believe the creation of this School provides both Kotak and IIT Kanpur with a timely opportunity to create a legacy and work towards sustainability, the most important survival challenge we face today.”

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