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Principles for Responsible Management Education

In 2015, Karlshochschule signed on to the Principles for Responsible Management Education (PRME).

The PRME initiative is the first organized relationship between the United Nations and management-related academic institutions, business schools, and universities. Launched at the 2007 UN Global Compact Leaders Summit in Geneva, the Principles provide an engagement framework for academic institutions to advance corporate sustainability and social responsibility through the incorporation of universal values into curricula and research. To date, over 500 leading business schools and management-related academic institutions from more than 80 countries across the world are signatories of PRME. In fact, more than a third of the Financial Times' top 100 business schools participate in PRME.

By adopting the Six Principles, Karlshochschule has pledged to engage in a continuous process of improvement with regards to the application of the Principles, to share information on progress regularly, and to contribute to the learning experience of the academic institutions participating in the global PRME community.

Six Principles

As institutions of higher education involved in the development of current and future managers we declare our willingness to progress in the implementation, within our institution, of the following Principles, starting with those that are more relevant to our capacities and mission. We will report on progress to all our stakeholders and exchange effective practices related to these principles with other academic institutions:

Principle 1 | Purpose: We will develop the capabilities of students to be future generators of sustainable value for business and society at large and to work for an inclusive and sustainable global economy.

Principle 2 | Values: We will incorporate into our academic activities and curricula the values of global social responsibility as portrayed in international initiatives such as the United Nations Global Compact.

Principle 3 | Method: We will create educational frameworks, materials, processes and environments that enable effective learning experiences for responsible leadership.

Principle 4 | Research: We will engage in conceptual and empirical research that advances our understanding about the role, dynamics, and impact of corporations in the creation of sustainable social, environmental and economic value.

Principle 5 | Partnership: We will interact with managers of business corporations to extend our knowledge of their challenges in meeting social and environmental responsibilities and to explore jointly effective approaches to meeting these challenges.

Principle 6 | Dialogue: We will facilitate and support dialog and debate among educators, students, business, government, consumers, media, civil society organisations and other interested groups and stakeholders on critical issues related to global social responsibility and sustainability.

We understand that our own organisational practices should serve as example of the values and attitudes we convey to our students.