Principles for Responsible Management Education (PRME)

Principles for Responsible Management Education

In 2015, Karlshochschule committed itself to the Principles for Responsible Management Education (PRME).

The PRME initiative is the first organized relationship between the United Nations and management-related academic institutions, business schools and universities. Launched in 2007 at the UN Global Compact Leaders Summit in Geneva, the principles provide academic institutions with a framework for their efforts to promote corporate sustainability and social responsibility by incorporating universal values into curricula and research. To date, over 500 leading business schools and management-related academic institutions from more than 80 countries around the world have signed PRME. More than a third of the Financial Times’ top 100 business schools participate in PRME.

By signing the Six Principles, Karlshochschule has committed itself to initiating a continuous improvement process with regard to the application of the principles, regularly sharing information on the progress made and contributing to the learning experience of the PRME community.

Six principles

As colleges involved in the development of current and future leaders, we agree to make progress in implementing the following principles within our college, starting with those that are more relevant to our skills and missions. We will report progress to all our stakeholders and share effective practices related to these principles with other academic institutions:

Principle 1 | Purpose: We will develop students so that they are future generators of sustainable value for the economy and society at large and that they are committed to an inclusive and sustainable global economy.

Principle 2 | Values: We will incorporate the values of global social responsibility, as described in international initiatives such as the United Nations Global Compact, into our academic activities and curricula.

Principle 3 | Method: We will create an educational framework with the appropriate materials, processes and learning environment to achieve the most effective learning experience for responsible leaders.

Principle 4 | Research: : We will engage in conceptual and empirical research that enhances our understanding of the role, dynamics and impact of business in creating sustainable social, environmental and economic value.

Principle 5 | Partnership: We will work with managers of commercial enterprises to increase our knowledge of their challenges in meeting social and environmental responsibilities and to jointly develop effective approaches to address these challenges.

Principle 6 | Dialogue: We will facilitate and support dialogue and debate between faculty, students, businesses, governments, consumers, media, civil society organizations and other interested groups and stakeholders on critical issues related to global social responsibility and sustainability.

We are aware that our own organizational practice should serve as an example for the values and attitudes we convey to our students.