UNITED NATIONS, New York, 6 June 2022 - The Principles for Responsible Management Education (PRME) announced a new grant and partnership (approximately $1 million over 3 years) with the Economics of Mutuality (EoM) Foundation for a novel and multi-level technological platform to advance the speed and progression of business school incorporating and reporting on responsible management and mutual value creation education. The announcement was delivered at PRME’s annual Global Forum on Responsible Management Education.

“Business must shift from profiting from creating problems for society and nature to creating profitable solutions to the problems of society and nature. This is no longer an option if the world is to survive and flourish. Management schools around the world must also shift and make responsible business and mutual value creation part of their core teaching curriculum — far beyond teaching philanthropy and CSR. The Economics of Mutuality Foundation is delighted to be partnering with the UN’s PRME (Principles for Responsible Management Education) to make this a reality among universities around the world.”

PRME is a global organization and the UN’s largest management education initiative that raises the sustainability profile of business schools around the world through its principle-based approach and network of 880+ business schools with more than 200,000 faculty and 3 million students.

The partnership is timely amidst the introduction of new reporting frameworks for companies and PRME’s refresh of its Sharing Information on Progress (SIP) Reporting framework. The submission of SIP Reports by PRME’s 880+ business school signatories is an important way that business schools have demonstrated accountability. However, the full potential of the SIP Reports have yet to be realized since there is currently no global platform for the SIP Reports to encourage inspiration, comparison and learning among business schools on their practices and reporting.

Through the three-year partnership with EoM and the development of the PCP, business schools will be provided with such a platform for global knowledge exchange and peer-learning on RME across countries, regions and issues accelerating their journey towards responsible management education.

PRME and EoM are aligned in their purpose of transforming responsible management education to develop responsible decision makers capable of restoring broken relationships between companies, wider society, and the environment as well as advancing mutual prosperity.

Contact PRME

Sianne Powe

powe@unglobalcompact.org

Contact EoM

Nick Gulliver

nick.gulliver@fellows.eom.org