Details for Frankfurt School of Finance & Management
A Grace Letter has been submitted and a SIP report is expected by 15 Sep 2018.
Type of Organization
Type of Education
Undergraduate, Post Graduate, Doctoral, Executive
Sign Up Date to PRME
19 Aug 2008
Current Sharing Information on Progress Report Submission
17 Jun 2016
Sharing Information on Progress (2016)
Period Covered: Jul 2014 to Jun 2016
In its 2016 SIP Report, Frankfurt School highlights three key achievements supporting the Principles for Responsible Management Education at the School. These include (1) Frankfurt School‘s Development Finance Summer Academies (2) the School’s student initiative FS Charity, and (3) the School’s research in the fields of ethics, global responsibility and sustainability.
Achievements Curriculum Integration in the Field of Corporate Responsibility and Sustainability
Frankfurt School’s commitment to ethical standards of responsibility and sustainability has been guiding its activities in academic teaching, dissemination of knowledge and research. This is reflected in many areas of the School’s activities:
Strategy: a specific goal of the School’s Strategic Plan is to “Promote Sustainability in the School’s Operations”. Parallel to this, the School maintains a diversity strategy, monitored and guided by the School’s Management Committee. Aiming not only at enhancing the diversity of students and staff, but also acknowledging the diversity of ethical perspectives, Frankfurt School fosters free communication and discourse among all members of its community and beyond.
Faculty and Research: Frankfurt School’s professors are required to adhere to the School’s Principles of Good Scientific Practice. The School maintains core faculty specialised in practical philosophy and ethics. Research itself both explicitly and implicitly addresses a wide range of issues of fundamental relevance to sustainability and practical ethics, including ethical healthcare management, sustainable energy finance and development finance. An Ethics Committee is also maintained to be consulted if, for example, human subjects are involved in research experiments.
Programmes: all students are required to take at least one class in practical ethics with a focus on analytical deliberation and argumentation concerning moral issues of business. Other courses and modules across the programmes include aspects of ethics, responsibility and sustainability to varying degrees.
Executive Education: many of the programmes revolve around implementing ethical codes of good conduct and responsibility at the workplace. Courses include open enrolment programmes such as Certified Fraud Manager and the Supervisory Board Programme in which norms of good conduct play a particularly prominent role. The School’s online LinkEd e-learning programmes follow a “low-barrier” approach with moderate fees (enabling participants from developing and emerging countries to join) and simple technical requirements (facilitating participation from countries where internet connectivity is low).
Advisory Mandates: Frankfurt School advisory services play a major role in acting as a catalyst for sustainable development of both business and society by providing expertise on entrepreneurship finance, human resource alignment, green investment, financial literacy as well as entrepreneurship coaching. Its mandates adhere to sustainable business practices by, for example, ensuring that local staff are empowered.
Infrastructure: Frankfurt School’s facilities at its new campus fully comply with the criteria and demands for environmental protection. Ecological concerns–e.g. energy efficiency, recycling, origins and production of building materials, sustainability–have been taken into full consideration. The School has obtained the highest possible sustainable building certification for the new campus by the German Sustainable Building Council (DGNB), i.e. “Platinum”. With its solar panels and wind turbine on the roof, the gas-powered combined heat and power unit below ground and the electric vehicle charging station on the premises, the new campus fulfils all the requirements.
Operations & Administration: in the daily life of Frankfurt School, numerous small but significant actions signal the School’s environmental commitments. In general, economising on resources relevant for the size of the School’s carbon footprint is encouraged. Frankfurt School urges its faculty and staff to travel by public transportation rather than by car. Rules specify that paper is recycled, unnecessary printing and photocopying should be avoided. The School’s cafeteria serves organic food, primarily from local sources, and the School owns bicycles for employees to use free of charge to reach appointments in an ecologically-friendly manner. Beehives for four bee colonies were installed on the northern roof terrace in an effort to support the dwindling bee population. The bees are expected to produce up to 120 kg of honey, starting in the spring of 2018. Moreover, efforts to achieve a sustainable work-life balance are generally supported, for instance by accommodating employees who want or need to work from home.
Projects: Frankfurt School promotes and supports student initiatives on themes humanitarian and environmental, such as FS Charity and FS Integration.
Community Outreach: Frankfurt School hosts multiple public events throughout the year that are open to the local community, either free of charge or at a nominal cost. Aside from ad-hoc and topical events, regular series include “FS in Dialogue“ and “Tax & Law Talk”.
Achievements Research Development in the Field of Corporate Responsibility and Sustainability
Frankfurt School faculty members publish widely on a variety of issues related to management and finance. This also includes – both explicitly and implicitly – topics of fundamental relevance linked to ethics, global responsibility and sustainability. Professors are dedicated to research areas such as development finance and sustainable energy finance, providing insights into how, in a world of scarce resources, ethical aims can be pursued in financially sustainable ways. In other areas, ethical concerns such as healthcare management are high on the agenda. For example, the ethics and economics of scarcity in healthcare from hospital management to drug licensing, organ allocation and general priority setting in medicine have been on-going research topics at Frankfurt School. Moreover, research on topics relating to ethics in accounting and economics is conducted by experts at Frankfurt School, along with research related to gender issues, religion, animal rights and other societal norms and values. Grants and/or collaborations with organisations such as the German Science Foundation (DFG) and the United Nations Environment Programme (UNEP) help support these efforts.