IIM B’s supply chain sustainability lab develops first-ever industry tools to reduce carbon footprint
Herbalife India, a global health and wellness company and community partnered with the prestigious Indian Institute of Management Bangalore (IIMB) to establish a cutting-edge Supply Chain Sustainability Lab. Launched in 2023, this collaborative effort aims to advance sustainable supply chain practices, dissemination, and advocacy through research and development initiatives. Herbalife India and the IIM-B Supply Chain Sustainability Lab are leading the charge for sustainable supply chains, tackling plastic packaging usage, and pursuing net-zero impact.
The Supply Chain Sustainability Lab takes a comprehensive five-pronged approach to sustainability – knowledge creation (tools, research), expert consulting for businesses, and encouraging a collaborative ecosystem through supplier assessment, education, and industry partnerships.
A core focus of the Supply Chain Sustainability Lab’s mission is empowering businesses by developing and implementing practical tools. These first-of-their-kind tools include the Transportation Emission Measurement Tool (TEMT), which measures emissions across various transportation modes. Companies can leverage this data to make informed decisions that minimize their carbon footprint. Complementing TEMT is the Carbon Accounting Tool, specifically designed for the Indian market which calculates Scope 1, 2, and 3 emissions. This provides businesses, particularly MSMEs, with a comprehensive environmental assessment.
In the last year, the lab benefitted 100+ organisations with its tools, launched five case studies on sustainable supply chain management, and published research articles, white papers, and thought leadership pieces.
This joint initiative has significantly advanced knowledge and capacity building in sustainable supply chain management. Through insightful case studies and thought leadership articles, it has highlighted innovative approaches. Additionally, strategic collaborations with like-minded organisations have facilitated knowledge-sharing and collaborative research projects, contributing to a deeper understanding of sustainable supply chain practices.