Babson College Signs On to the Principles for Responsible Management Education

WELLESLEY, Mass., June 26 /PRNewswire-USNewswire/ -- Babson College, the
top-ranked business school for Entrepreneurship Education, has responded to
the global call for business schools and academic associations to advance
corporate social responsibility worldwide. The school has committed to adhere
to the Principles for Responsible Management Education (PRME).

The Principles for Responsible Management Education provide a framework for
academic institutions to advance the broader cause of corporate social
responsibility and incorporate universal values into curricula and research.
As a framework, the PRME is meant to guide a school's effort to continuously
improve curricula and research with regard to issues of corporate citizenship
and sustainability. The PRME are not a substitute of existing accreditation
and quality assurance systems.

The initiative was developed by an international task force of sixty deans,
university presidents and official representatives of leading business
schools. It was co-convened by the United Nations Global Compact, the
Association to Advance Collegiate Schools of Business (AACSB International),
the European Foundation for Management Development (EFMD), the Aspen
Institute's Business and Society Program, the European Academy for Business in
Society (EABIS), the Globally Responsible Leadership Initiative (GRLI) and Net
Impact.

The Principles for Responsible Management Education:

As institutions of higher learning involved in the education of current and
future managers we are voluntarily committed to engaging in a continuous
process of improvement of the following Principles, reporting on progress to
all our stakeholders and exchanging effective practices 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. Dialog: We will facilitate and support dialog and debate among
educators, business, government, consumers, media, civil society
organizations and other interested groups and stakeholders on critical
issues related to global social responsibility and sustainability.

About the Principles for Responsible Management Education

The Principles for Responsible Management Education (PRME) initiative
provides a framework for academic institutions to advance corporate social
responsibility through the incorporation of universal values into curricula
and research. The PRME has been developed by an international task force
consisting of sixty deans, university presidents and official
representatives of leading business schools and follows from a recommendation
of all academic stakeholders of the Global Compact. The PRME is coordinated by
a Steering Committee constituted of the Association to Advance Collegiate
Schools of Business (AACSB International), the European Foundation for
Management Development (EFMD), the Aspen Institute's Business and Society
Program, the European Academy for Business in Society (EABIS), the Graduate
Management Admission Council (GMAC), the Globally Responsible Leadership
Initiative (GRLI), Net Impact and the United Nations Global Compact, which
also hosts the PRME Secretariat. For more information, please visit
www.unprme.org.

Babson College in Wellesley, Mass., is recognized internationally as a
leader in entrepreneurial management education. Babson grants BS degrees
through its innovative undergraduate program, and grants MBA and custom MS
and MBA degrees through the F.W. Olin Graduate School of Business at Babson
College. Babson Executive Education offers executive development programs to
experienced managers worldwide. For information, visit www.babson.edu.

This news release was issued on behalf of Newswise(TM). For more information,
visit http://www.newswise.com.

SOURCE Babson College

Michael Chmura, Babson PR, +1-781-239-4549, mchmura@babson.edu