Education here is among 25 business schools selected for United Nations Principles for Responsible Management Education (PRME) initiative.
The honour means the institute will take on responsibility to develop capabilities of students to be future generators of sustainable value for business and society and to work for an inclusive and sustainable global economy.
With this status, the institute joins a selected club of 25 business schools in the world who have been awarded champion status, said a statement issued by the institute.
The status was conferred at the Global Leaders meeting in New York in September.
PRME initiative now has over 500 signatories from 81 countries.
PRME Champions has three lead groups working in areas of curriculum development, faculty development and Research.IILM is a co-lead for the faculty development group, the release said.
At the meeting, PRME champions pledged to work actively with United Nations agencies, as well as participant corporate companies of the UN Global Compact.
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