A central commitment of any institution participating in the PRME initiative is to regularly share information with its stakeholders on the progress made in implementing the Six Principles through a Sharing Information on Progress (SIP) report. As a key integrity measure, the SIP's main objective is to serve as a public vehicle for information on responsible management education. In addition, the SIP can be an effective tool for facilitating stakeholder dialogue and a learning community among signatories.
The SIP can provide great value, both to individual signatories and to the global PRME community. Listed below are some benefits that signatories note having gained from preparing, producing, and sharing SIP reports.
1. Creating awareness of the mission of PRME and your commitment to it: "We believe that the actual preparation of the report itself can serve as a powerful catalyst for continued change and further recognition of the influence of PRME on campus. The more that people on campus know about how PRME relates to our mission, the more likely they are to take steps to shape activities and programmes that will be aligned with and driven by the Principles." Babson College, United States.
2. Giving a concise and comprehensive overall picture of your activities: "Preparation of the report has brought to light the impressive number of activities in our College that are PRME-related. Although I track many of these programmes and initiatives, it is always surprising, when seeing it all accumulated, to realise the breadth and scope of these activities, and the large number of faculty, students, administrators and staff involved." The Peter J. Tobin College of Business, St. John's University, United States.
3. Boosting visibility and reputation: "For us, preparing the PRME report has had tremendous benefits. We have found that the process of gathering data regarding progress and commitments in relation to PRME has made visible very powerful backstage initiatives that are definitively making changes when educating future managers. Therefore, for us PRME has been an instrument of public and social recognition of creative and treasured initiatives that colleagues have silently designed and implemented in order to form socially responsible managers and citizens." Universidad EAFIT, Colombia.
4. Organising and connecting relevant people across your organisation: "The reporting process has been exceedingly good at organising people who impact sustainability indicators. Because of the reporting process, regular meetings occurred between some of these parties and continue to occur with the future goal of improving our environmental management system." KU Leuven Faculty of Economics and Business, Belgium.
5. Defining direction and strategy: "This process has enabled valuable critical discussions on the topic of responsible management education and its role across the institution. Putting the report together creates involvement and the final report serves as a proof that PRME activities are conducted beyond the CBS Office of Responsible Management Education and across the organisation... It helps us define our direction and strategy." Copenhagen Business School, Denmark.
6. Tracking and benchmarking progress: "Completing the SIP report on a yearly basis has facilitated our ability to track our activities, capture and benchmark the breadth of initiatives across campus, and motivate faculty, staff and students to build on these experiences, encouraging them to take them to the next level." Bentley University, United States.
7. Identifying where more can be done: "We have been able to see the gaps and areas of improvement towards achievement of the Principles and set out improvement plans where we are not doing well. This has also created more awareness and closer engagement with the Principles." KCA University, Kenya.
8. Fostering a sense of achievement: "Our first audience for the report was internal; it was a way of documenting and celebrating some of the excellent work in which our colleagues are engaged. The more we all learn about the work of our colleagues, the greater the opportunities are for new collaborations between us, and this is at the very heart of our inter-disciplinary School." Glasgow Caledonian University, United Kingdom.
9. Creating new synergies and collaborations: "Our baseline report gives [readers] a primer on all of the various social impact initiatives and programmes at Berkeley-Haas, which accelerates the conversations we're able to have with our employees, advisors and students. We're able to spend less time explaining who we are and more time focusing on areas of collaboration and growth." The Haas School of Business, University of California Berkeley, United States.
10. Promoting PRME's impact globally: "Public reporting of SIP ensures the credibility of the PRME initiative and facilitates the exchange of good practices among the PRME network and beyond." Monash University Faculty of Business and Economics, Australia.