After the financial crisis of 2008 and major corporate disasters such as Enron, Global Crossing and WorldCom, organisations have been pressured to commit to more rigorous corporate governance and values. The European accrediting body EQUIS views business schools as ‘globally responsible citizens’ who should lead ethical and sustainable behaviour in business and society. In other words, they have a responsibility to change lives for the better. The best business schools also sign up to the Principles for Responsible Management Education (PRME) and pledge to equip today's business students with the understanding and ability to deliver change tomorrow.
Sustainable education & research
Recognising the link between ethics, corporate governance and corporate practice, many business schools have adjusted their programmes and research foci to address sustainability issues such as global warming, labour conditions or unethical behaviour of managers.
In democratic societies, universities have always encouraged students to participate in debate, express their thoughts and take action - today's student, for example, have adopted a leading role in the worldwide Extinction Rebellion to protest against climate change. With sustainability high on the business agenda, it's essential they enter the workplace with their own experiences of sustainability and ideas to implement it.
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