What is responsible leadership and why is it important?
The six Principles for Responsible Management Education
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, with the PRME Secretariat housed in the United Nations Global Compact Office.
PRME aims to inspire and champion responsible management education, research and thought leadership globally.
The Six Principles of PRME are inspired by internationally accepted values, such as the United Nations Global Compact's Ten Principles, and provide an engagement structure for academic institutions to advance social responsibility through 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.
PRME Champions are an elite group of organisations identified by the United Nations as thought leaders. 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.
Australia’s first PRME Champion
The La Trobe Business School is proud to be the first university 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 is responsible leadership embedded in the course and within the broader Business School?
In line with the overarching objective of PRME to develop and nurture responsible business leaders of the future, La Trobe Business School has developed a number of innovative curriculum and student engagement programs.
For example, in the subject Sustainability, which is offered as an elective throughout the Business School, students are taught to analyse and develop solutions to modern sustainability challenges by examining them though a systems thinking lens. Significantly, this is a compulsory second-year undergraduate subject that all students enrolled in our numerous business degrees have to complete.
In another example, the Aspire Program, which is offered to undergraduate students, acknowledges the work students do in their communities, where qualifying students are offered early entry into their course based on their volunteering efforts.
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.