UN has developed a global initiative to promote social responsibility in private enterprise has now been endorsed by more than 100 business schools around the world.
Institutions are participating in the Principles for Responsible Management Education (PRME) to align their mission and strategy with UN values in such areas as sustainability, labour practices and the fight against corruption. UN is developing curriculum, research and outreach as part of the initiative, which was formulated by an international task force of 60 deans, university presidents and other academic officials. According to a press release from the Global Compact, As part of PRME's further development, a Global Forum for Responsible Management Education will be convened on 1-2 December 2008 at UN Headquarters. In addition to the Compact, the PRME steering committee includes the Association to Advance Collegiate Schools of Business (AACSB International) and the European Foundation for Management Development (EFMD).