Lancaster University Management School (LUMS) has published its 2024 Principles for Responsible Management Education (PRME) report, documenting its actions against the global PRME principles.

PRME - a global, voluntary movement supported by the United Nations – is based around a group of seven core principles that aim to transform business and management education around the world by better aligning higher education institutions with the work of the UN Global Compact.

Through committing to live out each of the PRME values, LUMS aims to not only help the global effort, but also better prepare its students to balance economic and sustainability goals.

LUMS is one of more than 800 PRME signatories worldwide who committed to the following seven principles:

1. Purpose - We advance responsible management education to foster inclusive prosperity in a world of thriving ecosystems.
2. Values - We place organisational responsibility and accountability to society and the planet at the core of what we do.
3. Teach - We transform our learning environments by integrating responsible management concepts and practices into our curriculum and pedagogy.
4. Research - We study people, organizations, institutions, and the state of the world to inspire responsible management and education practice.
5. Partner - We engage people from business, government, civil society, and academia to advance responsible and accountable management education and practice.
6. Practice - We adopt responsible and accountable management principles in our own governance and operations.
7. Share - We share our successes and failures with each other to enable our collective learning and best live our common values and purpose.

LUMS’ Centre for Scholarship and Innovation in Management Education (SIME) now leads the PRME agenda in Lancaster, headed up by Professor Radka Newton.

Prof Newton said: “As an internationally leading Management School, LUMS has never taken its responsibility lightly. Experiences here in Lancaster and at our partner campuses around the world shape students’ futures. As the world’s next generation of leaders, it’s our duty to ensure students leave us with a rich tapestry of experience and knowledge, along with a deep sense of the responsibility they carry to our society and planet.

“Our 2024 PRME report, crafted by SIME members Dr Marian Iszatt-White and Rose White, is helpful in capturing the many ways that the PRME values run through LUMS’ activities. It also demonstrates how engrained the Sustainable Development Goals (SDGs) and responsibility themes are in everything we do. Our research endeavour, championed by The Pentland Centre for Sustainability in Business, is closely aligned to these challenges. The knowledge and application developed through our research is translated into teaching and learning, ensuring all our programmes properly equip graduates to address the big challenges manifested locally and globally.”

You can read LUMS latest report which is openly accessible via PRME as well LUMS’ own website, in full here: Principles of Responsible Management Education Report 2024 (lancaster.ac.uk)