PRME – BOS

Who is Responsible for Educating Students in the World’s Agenda on Sustainable Development, if not Universities?

By Louise Kofod Thomsen.

In September 2017, the CBS PRME office hosted a small SDG awareness event at Solbjerg Plads. At the event, the students were asked to answer a brief survey in order to assess their awareness of the SDGs. Out of the 108 students, 67,6 percent indicated that they did not know about the sustainable development goals. From the students who indicated that they knew about the goals, 82,9 % answered that they learned about them outside of CBS.

But let’s zoom out from CBS for a moment and look at some examples from Danish business society. The Danish Global Compact Network was launched on 24 October 2017. This marked an increased focus on the private sector’s crucial role in achieving the Sustainable Development Goals in Denmark. Another recent event was the launch of the SDG Accelerator, a DKK 3 billion initiative by the UNDP (UN Development Programme) in collaboration with Industriens Fond with the aim to empower 20 SMEs with competencies to work strategically with the SDGs.

Funded by the Carlsberg Foundation, UNLEASH was held for the first time in Aarhus in August 2017, and gathered 1000 talents (students and alumni) from around the world to spend 5 days developing concrete solutions to the SDGs. The list of SDG initiatives in corporate sector could go on, but this is just to state that the corporate sector is mobilizing, we are seeing more investments focusing on SDG activities and even the Danish Parliament now has a Cross-Political Network on the Global Goals.

There is no doubt that the SDGs will be a strong influencer on the strategies and activities of the above-mentioned stakeholders until 2030. In the light of these developments, can universities afford not to take action?

Students do not learn about the SDGs from CBS
It has been two years since the SDGs were launched, but when CBS PRME hosted the SDG awareness event in September 2017, that was the first time the SDGs were present at a public event at CBS. This is while the DANIDA (The Danish International Development Agency), in collaboration with the UNDP, has developed teaching material and platforms for Danish highschool students and teachers. Highschools now host theme weeks on the SDGs providing the students with knowledge, opinions and competencies related to the UN Sustainable Development Goals.

At university level, The Royal Danish Academy of Fine Arts Schools of Architecture, Design and Conservation (KADK) is now requiring all graduates to incorporate the SDGs into their final projects and DTU has established a team of 3 working closely with DTU top management on implementing the SDGs at the university.

While we should acknowledge the CBS courses including SDGs into curriculum and teaching, CBS needs to take a much stronger stand and acknowledge the SDGs as a crucial part of all business education. It is time we break down the belief that the SDGs are not part of e.g. finance and accounting and acknowledge that sustainable development are relevant for all discplines and practises if you want a sound and longlasting business.

Universities can benefit greatly from engaging in the SDGs
A report developed by the Sustainable Development Solutions Network in collaboration with Monash University, University of Wellington and Macquarie University argues that universities not only have a critical role to play in achieving the SDGs, but will also benefit greatly from doing so. Among the benefits, the report mentions an increased demand for SDG related education, a framework for demonstrating impact, accessing of new funding streams and collaboration with new external and internal partners. Evident of this is PRMEs upcoming SDG Day 11 April with 13 student organizations coordinating a full day of SDG activities and events all funded by Chr. Hansen, VELUX and Ørsted who got engaged when they heard “SDGs in a business context”.

Education is at the core of achieving the SDGs, and universities are with their teaching and research activities of fundamental importance to the implementation of the goals. The SDGs are a global framework and shared language and understanding of the world’s development with strong buy-ins from governments, business, civil society, foundations and other universities. CBS can benefit greatly from this support and use the SDG platform to position itself as a meaningful contributor in the areas of research and education.

Next step – reach, engage and educate the 67 percent of CBS students, who have never heard of the SDGs.

Louise Thomsen is Project Manager for CBS PRME and the VELUX Chair in Corporate Sustainability at the Department of Management, Society and Communication, CBS. Her areas of interest are sustainable consumption, innovation, student engagement, education and partnerships for sustainable development. Follow her on LinkedIn and Twitter.

Pic by CBS PRME.

Banking on the Future – Driving Responsibility and Sustainability in the Financial Sector

By Lavinia Iosif-Lazar.

While the world seems to have moved on from the last financial crisis, one can only wonder if banks and financial institutions have learnt something from it that could steer them away from repeating the experience. From the educational side, we also have to consider whether business schools are able to instill in their graduates the values and norms to navigate financial institutions into clearer waters.

100 Years CBS – Time to Rethink Finance
During a CBS conference in the late months of 2017, academics and practitioners within the finance and banking industries alike had come together to think and “rethink the financial sector”. The purpose of the event was to bring to light the issues and opportunities of responsibility and sustainability within the financial sector, and create an agenda for future research and teaching in business schools, like CBS.

Over the course of the event, the ambition was to develop a dialogue with stakeholders from the banking and finance industry and to challenge the current attitude towards banking and its future with “responsibility” being the word of the day. The hope was that this dialogue would ignite new ideas and develop an agenda for future research and teaching in business schools towards 2117.

During the three tracks focusing on society, business models and the individual, with responsible banking being the overarching theme, participants heard speakers address issues spanning from the role Fintech and disruptive technologies like blockchain and cryptocurrencies play in industry innovation to different religious perspectives on banking and finance.

To Rethink Finance, we need to Rethink Education
When it comes to financial education, the focus was set on bringing it in sync with the new developments and real life challenges, while at the same time stressing the need for a business model based on valuation and normative principles. In crisis situations, the clear-cut modelling learnt in school no longer represents the norm. Education plays a major role in securing that the new generations of graduates have the capabilities needed to identify and understand people and their needs, rethink and modernize local banking and be attuned to the technological developments that can pave the way to a more responsible banking sector – centered on people instead of money.

Lavinia is project coordinator at CBS PRME. You can visit the PRME Office at Dalgas Have 15, Room 2C.007 & follow CBS PRME on Twitter, Instagram and Facebook.

Pic by Markus Leo (Unsplash), edited by BOS.

CBS UN Global Compact PRME report on progress: Not only what, but also who

By Lavinia-Cristina Iosif-Lazar.

68 pages, 6 principles, one year of data collection and CBS’ 4th report to the UN Global Compact PRME initiative: these are the numbers behind the latest report by the Principles for Responsible Management Education (PRME) .

The report is now out and presents the main responsibility-related research projects, initiatives, publications and activities that have taken place throughout CBS over the course of the last two years. It is also, what we at the PRME office call “The CBS responsible management phone book”.

The paper presents the way in which CBS lives up to and embeds the six Principles for Responsible Management Education (purpose, values, method, research, partnership, dialogue), which constitute the foundation for the work we do on responsible management education. They provide a solid structure to help us excel in important areas that will contribute to improving our curricula and research.

The principle logos are allocated to each activity to indicate which principle(s) are being addressed. It also brings together in one, overreaching document, researchers, faculty and student organizations from across CBS working with responsibility in management education, sustainability, CSR, business and human rights, development studies and green tech to name but a few. Spanning from Green Shipping to Corporate Social Voluntarism, from student-led initiatives to external partners engagement projects, the report encompasses the diversity of CBS’s view on responsible education.

Having been previously granted with an “Excellence in Reporting” award by UNGC PRME, we constantly strive to put together the best possible report, documenting CBS’ work within responsible management, but also, more importantly, to draw special attention to the people behind this work.

You can find the entire CBS Report at here.

Note: Launched at the 2007 UN Global Compact Leaders Summit in Geneva, the Principles for Responsible Management Education (PRME) initiative is the largest organised relationship between the United Nations and business schools. The mission of PRME is to transform management education, research and thought leadership globally by providing the Principles for Responsible Management Education framework, developing learning communities and promoting awareness about the United Nations’ Sustainable Development Goals.

Lavinia is project coordinator at CBS PRME. Visit the PRME office at Porcelænshaven 18B, Room 1.123. Follow CBS PRME on Twitter, Instagram and Facebook.

Pic by CBS PRME.