Principles of Responsible Management Education (PRME) was first established in 2007 at the United Nations Global Compact Leaders Summit in the presence of UN Secretary-General Ban Ki-moon and more than 1,000 businesses, civil society, and government leaders. PRME is an offshoot from the United Nations Global Compact’s (UNGC) ten principles to encourage businesses to adopt sustainable and social policies. The PRME initiative was a natural next step for the UNGC, supporting its agenda by laying the foundations for responsible management in business education. Under the coordination of the UN Global Compact and leading academic institutions, the PRME task force developed a set of six principles that together lay the foundation for the global platform for responsible management education.
They seek to establish a process of continuous improvement among institutions of management education in order to develop a new generation of business leaders capable of managing the complex challenges faced by business and society in the 21st century. As an institution of higher education involved in the development of current and future managers CBS declares its willingness to progress in the implementation, within its institution, of the following principles.
We will 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.
We will incorporate into our academic activities and curricula the values of global social responsibility as portrayed in international initiatives such as the United Nations Global Compact.
We will create educational frameworks, materials, processes and environments that enable effective learning experiences for responsible leadership.
We will 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.
We will 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.
We will 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
“The Principles for Responsible Management Education have the capacity to take the case for universal values and business into classrooms on every continent” - UN Secretary-General Ban Ki-moon
''Values is not something we say, but who we are and what we do. We need our values to be the core of everything we do to ensure sound and sustainable business activities. At PRME this means to follow and incorporate internationally accepted values set by e.g. the UN Global Compact and the UN Sustainable Development Goals into all our activities, but also to ask ourselves “what will be the right thing to do?”. I feel very lucky to be able to bring my own values into my work at the PRME office and, therefore, Principle 2 is my favourite" - Louise Thomsen
illustrations cc by: Tanja Hess