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Mendoza, 100 business schools endorse corporate responsibility initiative

As numbers grow, UN-backed Principles for Responsible Management Education moves into operational stage promoting responsibility in business education

by Carol Elliott

April 7, 2008


NOTRE DAME, April 7, 2008 – The Principles for Responsible Management Education (PRME), a United Nations-backed global initiative developed to promote corporate responsibility and sustainability in business education, has now been endorsed by more than 100 business schools and universities from around the world, including the University of Notre Dame.

Dean Carolyn Woo of the Mendoza College of Business was among the international task force of sixty deans, university presidents and official representatives of leading business schools who developed the initiative, which was launched under the patronage of UN Secretary-General Ban Ki-moon in July 2007. Participating institutions, including the Mendoza College, make a commitment to align their mission and strategy, as well as their core competencies – education, research and thought leadership – with UN values embodied by the six PRME principles.

Actions encouraged under the initiative’s framework include curriculum development around the corporate responsibility agenda and research in support of sustainable management systems, as well as public advocacy and opinion leadership to advance responsible business practices.

“Thanks to the joint outreach by all partners, the PRME initiative has reached this critical milestone of 100 signatories,” said Dr. Manuel Escudero, Head of Academic Initiatives at the UN Global Compact, which is one of the initiative’s co-conveners. Speaking on behalf of the PRME steering committee, Dr. Escudero stressed that “this will enable the initiative to bring good efforts to scale and truly embed the sustainability agenda in the training of future business leaders.”

The PRME Steering Committee includes the UN Global Compact, the Association to Advance Collegiate Schools of Business (AACSB International), the European Foundation for Management Development (EFMD), the Aspen Institute’s Business and Society Program, the European Academy for Business in Society (EABIS), the Globally Responsible Leadership Initiative (GRLI), the Graduate Management Admission Council (GMAC), and Net Impact.

Following its early outreach and awareness-raising efforts, the initiative is currently establishing several participant working groups to facilitate implementation of the principles and identify best practices. In addition, a Global Forum for Responsible Management Education will be convened on Dec. 1-2, 2008, at UN Headquarters in New York. The event will present a first opportunity to take stock of the PRME initiative so far, to exchange experiences and forge a closer link between the United Nations’ mission and the work of business schools.

For more information about the PRME, including a listing of the principles, please visit www.unprme.org.

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Media Contacts:
Matthias Stausberg
Spokesperson
United Nations Global Compact
stausberg@un.org
(917) 214-1337

Carol Elliott
Director of Newswriting
Mendoza College of Business
Celliot1@nd.edu
(574) 258-5071