Babson Commits to Principles for Responsible Management Education

The top-ranked business school for entrepreneurship education, Babson College, announced Friday that is has signed on to the Principles for Responsible Management Education (PRME) in response to the global call for business schools and academic associations to advance corporate social responsibility worldwide.

The PRME initiative, developed by an international task force of sixty deans, university presidents and official representatives of leading business schools, provides a framework for academic institutions to advance the broader cause of corporate social responsibility and incorporate universal values into curricula and research. As a framework, the PRME is meant to guide a school’s efforts pertaining to issues of corporate citizenship and sustainability.

The Principles for Responsible Management Education:

Principle 1. Purpose: 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.

Principle 2. Values: 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.

Principle 3. Method: We will create educational frameworks, materials, processes and environments that enable effective learning experiences for responsible leadership.

Principle 4. Research: 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.

Principle 5. Partnership: 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.

Principle 6. Dialog: We will facilitate and support dialog and debate among educators, business, government, consumers, media, civil society organizations and other interested groups and stakeholders on critical issues related to global social responsibility and sustainability.

For more on this initiative and the global task force behind it, visit www.unprme.org.

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