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In September 2015, all 193 Member States of the United Nations adopted a plan for achieving a better future for all – laying out a path over the next 15 years to end extreme poverty, fight inequality and injustice, and protect our planet. At the heart of “Agenda 2030” are 17 Sustainable Development Goals (SDGs) and 169 related targets that address the most important economic, social, environmental and governance challenges of our time. The SDGs clearly define the world we want – applying to all nations and leaving no one behind.
We are all in agreement on where the world needs to go. The new global goals result from a process that has been more inclusive than ever, with governments involving business, civil society, higher education and citizens from the outset. The Principles for Responsible Management Education (PRME), an initiative by the United Nations Global Compact, is a collaborative, collegial learning community that thrives on sharing good practices to inspire and champion responsible management education, research and thought leadership globally.
Successful implementation of the SDGs will require all players to champion this agenda; the role of higher education is critical to this.
The SDGs are relevant for business and management schools. Higher Education Institutions have the ability to influence students with responsible and sustainable business practices. This influence shapes tomorrow’s business leaders and society.
Business |
Higher Education Institutions (HEIs) |
|
How the SDGs Can Help |
Strengthen the enabling environment for business |
Strengthen and enable future business practitioners, thereby adding value to modern business and society |
Define future business opportunities |
Give future business leaders the tools to recognize and maximize sustainable opportunities |
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Enhance the business case for sustainable business practices |
Create a paradigm for teaching, learning and understanding sustainability as core to the business model |
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Allow for better stakeholder engagement |
Connect with a network of stakeholders reaching beyond the business sphere, into signatories and supporting organisations |
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Setting Goals |
Scope defined by company’s strategic priorities |
Scope defined by organisation’s strategic vison, accreditation standards and external partnerships |
Covers all dimensions of sustainable development |
Covers all dimensions of sustainable development as implemented on an interdisciplinary scale |
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Covers entire value chain |
Covers value chain and all HEI stakeholders |
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Specific, time-bound and measurable |
Specific, time-bound and measurable |
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Based on KPIs for impact or outcomes |
Based on mission and strategic vision of HEI |
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Explicitly linked to financial value drivers |
Linked to value creation, financial drivers and future investment |
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Integrated into performance evaluation and incentives |
Integrated through all levels of the HEI and through strategic engagement with students |
Individual Level: PRME Signatory Members
Collective Level: PRME Chapters and Global Compact Local Networks
Engaging with the UN Global Compact and PRME enables Participants and Signatory Members to maximize their learning and impact in their sustainability journies. Together, we can transform business education to develop responsible management that can achieve the SDGs through business.
UN Global Compact |
Principles for Responsible Management Education (PRME) |
“…To create a sustainable and inclusive global economy that delivers lasting benefits to people, communities and markets.” |
“…To inspire and champion responsible management education, research and thought leadership globally.” |
Ten Principles Universal principles in the areas of human rights, labour, environment and anti-corruption |
Seven Principles Internationally accepted values creating an engagement structure that advances social responsibility in curricula and research |
Global Issues Initiatives Bringing business together on topics such as anti-corruption, children’s rights, climate, food and agriculture, gender equality, peace, rule of law, and water and sanitation |
Working Groups Collaborating across institutions and disciplines to advance topics of anti-corruption, business for peace, gender equality, poverty alleviation and others |
Local Networks Supporting participants to drive sustainability locally in over 60 regions |
Chapters Supporting HEIs to promote responsible management education in 17 regions |