In 2007, during the United Nations Global Compact Leaders Summit in Geneva, the Principles for Responsible Management Education (PRME) were launched. Since then, PRME has become the largest organised relationship between the United Nations and business schools. LBS joined PRME quickly after its inception.
Last year LBS celebrated its tenth anniversary as a signatory to UN PRME. We also released our latest PRME report and we’re hosting the 2019 CR3+ Conference.
According to the UN Global Impact the mission of PRME is:
“To transform business and management education, research and thought leadership globally, while promoting awareness about the Sustainable Development Goals, and developing the responsible business leaders of tomorrow.”
UN Sustainable Development Goals
The PRME philosophy sits alongside the United Nations Sustainable Development Goals (SDGs), formally adopted in Paris in 2015, as part of the universal, integrated and transformative 2030 Agenda for Sustainable Development. The 17 SDGs balance the three dimensions of sustainable development: the economic, social and environmental. The goals and targets provide a framework to stimulate action over the next years in areas of critical importance for the long-term sustainability of human society and the planet.
LBS just released its latest PRME report (read it here). The report outlines the ongoing commitment to each of the six Principles for Responsible Management Education (PRME):
Purpose: Develop the capabilities of students to be future generators of sustainable value for business and society at large and to work for an inclusive and sustainable global economy.
Values: Incorporate the values of global social responsibility as portrayed in international initiatives such as the United Nations Global Compact.
Method: create educational frameworks, materials, processes and environments that enable effective learning experiences for responsible leadership.
Research: Engage in conceptual and empirical research that advances our understanding about the role, dynamics, and impact of corporations in the creation of sustainable social, environmental and economic value.
Partnership: Interact with managers of business corporations to extend our knowledge of their challenges in meeting social and environmental responsibilities and to explore jointly effective approaches to meeting these challenges.
Dialogue: Facilitate and support dialogue and debate among educators, students, business, government, consumers, media, civil society organisations and other interested groups and stakeholders on critical issues related to global social responsibility and sustainability.
Besides our 10th year anniversary, and the release of our PRME report, LBS is also hosting the seventh edition of the CR3+ Conference in late 2019. CR3+ is a partnership between LBS, Audencia Business School (France), Hanken School of Economics (Finland) and ISAE Brazilian Business School (Brazil). The partnership builds on the schools’ involvement with PRME.
The topic of the CR3+ Conference is “Using Dialogue to Build Partnerships for Sustainability”. More information about this great conference can be found here.
If you want to know more about LBS’ involvement with PRME, please email Dr Swati Nagpal.