Bled, February 23, 2018 Statement of the IEDC-Bled School of Management's commitment to the PRME – Principles for Responsible Management Education I am proud that the IEDC-Bled School of Management has been among the first signatories of the PRME and takes part among fellow-members of the PRME Champions. I am furthermore reaffirming the IEDC-Bled School of Management’s continuous support to the PRME and its mission of advancing the corporate and environment sustainability and ethics through the incorporation of universal values into curricula, research and activities of the management education, as well as through activities carried out in cooperation with its partners. In this SIP report, we describe our actions and engagement in accordance with the PRME values and initiatives. We also take this as an opportunity to better understand ourselves and our environment and to learn how to further improve. We commit to Sharing Information on Progress with our stakeholders using our primary channels of communication. This SIP report is divided into two chapters. First chapter provides general information on the IEDC-Bled School of Management’s mission and vision, points out “Responsible and creative leadership” as the main distinctive feature of the IEDC-Bled School of Management, and highlights responsibilities entrusted to the IEDC-Bled School of Management by the PRME. The second chapter presents how the PRME initiatives are integrated in the IEDC Management's teaching, learning processes and research activities, as well as in its partnerships with the Coca Cola Chair of Sustainable Development, the Unites Nations Global Compact Slovenia and by the CEEMAN Association; all partnerships being initiated by the IEDC-Bled School of Management. Yours sincerely, Prof. Dr. Danica Purg Dean and President 1 IEDC-Bled School of Management, Slovenia, T: 0038645792532, F: 0038645792501, E: [email protected], W: http://www.iedc.si/ Details for IEDC-Bled School of Management Type of Organization Business School Type of Education Post Graduate, Executive, Doctoral Location Bled, Slovenia Website http://www.iedc.si/ With this report IEDC-Bled School of Management once again commits to PRME Principles, its vision and mission. IEDC-Bled School of Management is proud to be among the first signatories of PRME, while IEDC president, Prof. Danica Purg, International Educator of the Year 2010 (awarded by AIB), was one of the six deans, university presidents, and official representatives of leading business schools, who formed an international task force for Geneva Global Forum which launched PRME at the UN Global Compact Leaders Summit in July of 2007. In 2013, Prof. Danica Purg was entrusted to Chair PRME Steering Committee, while the PRME Global Forum 2013 was hosted at IEDC-Bled School of Management in Bled, Slovenia and co- organized by PRME Steering Committee member CEEMAN, also led and founded by Prof. Danica Purg. At the PRME Summit more than 200 members of the responsible management education community convened to discuss the continued creation of a new intellectual, research, teaching, and institutional agenda that develops leaders for the future we want. In 2013, IEDC became the first business school from CEE region to be recognized as a PRME Champion and it continued to be the only one in 2016. Third face-to-face gathering of PRME Champions for the 2016-2017 with Global Forum for Responsible Management Education took place at IEDC-Bled School of management. 2 IEDC-Bled School of Management, Slovenia, T: 0038645792532, F: 0038645792501, E: [email protected], W: http://www.iedc.si/ To promote changes in business philosophy, strategy, and practice, in 2007, IEDC initiated establishment of the Slovenian chapter of the United Nations Global Compact (UNGC), the world's largest global corporate responsibility and sustainability initiative. Offering education, support, and networking for better implementation of sustainable business practices, the UNGC Slovenia provided education and awareness of the strategic value of sustainability in business through various events, conferences and raising awareness. Since 2010 IEDC has been working on sustainable management in a partnership with Coca- Cola Company through the IEDC Coca-Cola Chair of Sustainable Development. In 2017 IEDC started with establishing a Global Institute for Sustainability and Ethics in Rising Economies (GISE). Headquartered in Bled, it will connect offices in Germany, South Africa, China and Brazil. It aims to develop an ongoing research and training agenda to drive integrated sustainability and to facilitate the implementation of best practices within rising economies and to serve professionals in the field of sustainable business within rising economies. Purpose, Values and Methods (Principles 1, 2, 3) IEDC’s mission and vision is to attract the most promising executives and top managers, provide them with world-class management education and other relevant services in an international context, inspire them for lifelong-learning, and prepare them to act and add value as competent and ethically responsible transformational leaders in their organizations and society at large. IEDC is set to be a center of excellence and an agent of change and this is also what we expect from our alumni. To use their knowledge, their skills and their ethical mindset; and shape the world into a better future. Recognizing the growing importance of sustainable development for business leaders, IEDC- Bled School of Management has taken significant steps in promoting the concept by integrating sustainability as a required course in its curriculum, developing innovating teaching tools and cases, and organizing seminars, conferences and networking events for companies and other stakeholders (for that purpose we fully employed faculty member), with a specific commitment of supporting the needs of Central and Eastern Europe. In 2009, IEDC’s achievements in this area was recognized when the school became the first school from Central and Eastern Europe to be selected as one of Top 100 Business Schools by Aspen Institute’s 2009-2010 edition of Beyond Grey Pinstripes, a biennial survey and alternative ranking of business schools, which assesses how well schools are preparing their students for the environmental, social and ethical complexities of modern-day business. 3 IEDC-Bled School of Management, Slovenia, T: 0038645792532, F: 0038645792501, E: [email protected], W: http://www.iedc.si/ To deepen its impact and broaden its reach in the field of sustainability, in May 2010, as said before, IEDC-Bled School of Management established Coca-Cola Chair of Sustainable Development dedicated to research, education, and practice of successful sustainable value creation, with a commitment of a faculty members and experts in the field, Dr. Nadya Zhexembayeva as the first and Prof. Dr. Mollie Painter-Morland, as the current chair-holder. Every year we have to report to Coca-Cola extensively about all aspects of our work. Since the establishment of the Coca-Cola Chair, we have focused on three distinct groups of activities: research, teaching and outreach, however, much of our efforts have a holistic nature, where research, teaching and outreach are accomplished via creative and powerful synergies. At IEDC-Bled School of Management we approach sustainable development as an interdisciplinary initiative aimed at: • RESEARCH: Creation of cutting-edge knowledge through applied research activities on the how of sustainable value and disseminating this knowledge regionally and internationally, • TEACHING: Development and dissemination of teaching tools such as case series, syllabi, exercises, and teaching modules, allowing for successful integration of sustainable development agenda into the core management curriculum and inviting managers to reflect deeply on the role of business in society, and • OUTREACH: Organization of seminars, conferences, and educational events aimed at promoting the concepts of sustainable development and sustainable value. Curriculum Integration in the Field of Corporate Responsibility and Sustainability In its curriculum, IEDC-Bled School of Management has been putting a very strong emphasis on developing business leaders that are not only concerned with the ‘how’ of business, but also with the ‘why’ of business, inviting practicing decision makers to re-think the role of business in society, and reflect on the nature of fundamental business issues, such as profit and value creation. Issues relevant to the role of business in society have always been visibly present in the number of courses, most notably, accounting, finance, operations, and leadership. In the IEDC EMBA study courses with direct implication of sustainability and corporate responsibility are: Business in Society (5 ECTS), Business Ethics and Corporate Governance (5 ECTS), Leadership (10 ECTS). These are all compulsory subjects. Business in Society; course touches upon main themes of the debate on the responsibility of businesses for their social and environmental impacts, considers some of the management innovations and tools that have resulted, and invites participants to explore their own responses, both as students and as professionals. 4 IEDC-Bled School of Management, Slovenia, T: 0038645792532, F: 0038645792501, E: [email protected], W: http://www.iedc.si/ Business Ethics and Corporate Governance; teaches participants how to maintain ethical standards, and how to apply principles of corporate governance. In addition to