Launched at the 2007 United Nations Global Compact Leaders Summit in Geneva, the Principles for Responsible Management Education (PRME) initiative is the first organised relationship between the United Nations and business schools.
What is responsible leadership and why is it important?
PRME aims to inspire and champion responsible management education, research and thought leadership globally.
The Six Principles for Responsible Management Education
The Six Principles of PRME are inspired by internationally accepted values, such as the United Nations Global Compact's Ten Principles. These principles provide an engagement structure for academic institutions to advance social responsibility by incorporating universal values into study and research. They seek to establish a process of continuous improvement among universities who offer management courses. In turn, this will develop a new generation of business leaders capable of managing the complex challenges faced by business and society in the 21st century.
The La Trobe Business School is a PRME Champion. PRME Champions are an elite group of organisations identified by the United Nations as thought leaders. PRME Champions undertake advanced tasks and innovative projects that respond to systemic challenges faced by the PRME community.
Champions are recognised as ambassadors of the United Nations PRME initiative. They engage with and support local businesses and peer institutions, including playing a visible role in PRME Chapters, PRME Regional Meetings and with Global Compact Local Networks.
One of Australia’s first PRME Champions
The La Trobe Business School was one of the first two business schools in Australia to hold Champion status. We were also one of the first 100 business schools and universities around the world to actively endorse the United Nation-backed initiative to promote corporate responsibility and sustainability in business education.
How will it help in your career?
By integrating responsible management into our MBA, we develop the capabilities of our students to be future generators of sustainable value for business and society, and to work towards an inclusive and sustainable global economy.
The UN Global Compact is the world’s largest corporate sustainability initiative with 12,000+ signatories in 170 countries, including 8,000 companies. Our PRME Champion status means our students receive access to internships and volunteer opportunities with the PRME Secretariat and Global Compact, as well as student competitions co-organised by PRME Secretariat and/or the Global Compact.
Find more information about the School's involvement with PRME here.