New Delhi: Birla Institute of Management Technology
(BIMTECH), a leading AACSB-accredited business school in India, has proudly
signed a Memorandum of Understanding (MoU) with Institute of Actuaries of India
(IAI) to strengthen professional learning and build capabilities in emerging
and relevant areas of professional development.
The MoU was signed by Dr. Pankaj Priya, Dean & Deputy
Director, BIMTECH, and Dr. Ruchita Verma, Executive Director, IAI.
Under the collaboration, BIMTECH and IAI will jointly
develop and deliver 2–3 certification programmes over the next year, leveraging
their complementary expertise in management education and actuarial science.
The first initiative under the partnership, the Certification Training
Programme on Carbon Credits & Carbon Markets, is designed to equip working
professionals, corporate executives and sustainability practitioners with
practical knowledge of the evolving carbon economy.
The programme has been conceptualised and designed under the
leadership of Dr. Prabina Rajib, Director, BIMTECH, who is also leading key
sessions on global carbon markets, including the EU Emissions Trading System
(EU-ETS), carbon market mechanisms such as Perform, Achieve & Trade (PAT),
Energy Saving Certificates (ESCerts), CORSIA and Carbon Futures.
Underscoring the significance of the initiative, Dr.
Prabina Rajib, Director, BIMTECH said, “The transition towards a
low-carbon economy is not only an environmental imperative but is increasingly
shaping business, finance and risk decisions. As carbon markets evolve, there
is a growing need for professionals who understand how these markets function
and the opportunities and risks they create. Our Certification Programme on
Carbon Credits & Carbon Markets, developed as the first initiative under
our partnership with the Institute of Actuaries of India, seeks to address this
need by bringing together perspectives on carbon markets, finance, regulation
and risk. Through this collaboration, we aim to build relevant, future-ready
capabilities in areas that will increasingly influence businesses and
professionals.”
Additionally, Dr. Ruchita Verma, Executive Director, IAI,
said, “The evolving climate and sustainability landscape presents new
opportunities for professionals with strong analytical and risk-management
capabilities. Our collaboration with BIMTECH will enable us to jointly create
learning programmes that respond to these emerging professional requirements
and build awareness in areas of growing relevance.”
The Online Certification Programme on Carbon Credits &
Carbon Markets is scheduled from September 19 to October 10, 2026. The
programme is designed for a diverse professional audience, including actuaries
and actuarial students, finance and investment professionals, risk managers,
ESG and sustainability professionals, policy specialists, consultants,
corporate professionals and students interested in climate finance and
sustainability.
Furthermore, this collaboration brings together key concepts
across global climate frameworks, carbon market mechanisms, net-zero
calculations, climate and sustainability risks, voluntary carbon markets and
compliance frameworks. Delivered through an interactive online format, the programme
is designed to bridge conceptual knowledge with practical applications and help
professionals understand the growing relevance of carbon markets to business
and financial decision-making.
Through this collaboration, BIMTECH and IAI seek to
contribute to the development of a future-ready professional ecosystem equipped
to understand the opportunities and challenges presented by the global
transition towards a low-carbon economy.