RESPONSIBLE MANAGEMENT
Global Compact’s local network has enabled our school and faculty to collaborate in working groups around the SDGs since 2021. This has included groups on the circular economy, sustainable investment and quality education, as outlined below: Circular economy: Our faculty has helped develop a white paper promoting the transition to a circular economy. More speci cally, it aims to o er companies in the private sector an overview of the circular economy’s principles, implementation challenges and best practices. Sustainable investment: Professors collaborated with consulting rms, companies and stock exchanges, as well as other higher education representatives, on the development of a guide to sustainable investment in Mexico that was subsequently launched during events held at both Egade and Ipade Business School. Quality education: This group’s focus has been to carry out a diagnosis of how company members of the Global Compact are performing with regards to competencies’ development, literacy and training. Advancing sustainability Overall, our involvement with the Global Compact and PRME has allowed Egade to collaborate widely with the private sector, while reminding us of the value in partnering with other academic institutions. It has also demonstrated the need to produce knowledge that has practical applications in terms of the resolution of issues that concern today’s business leaders. In more than a decade of PRME membership, we have learned that the more people who participate in the relevant initiatives, the easier it is to ensure that sustainability permeates every corner of our business school. This is why we created a committee, with representatives from each academic department and the support of our leadership team, to propose plans and initiatives for each of PRME’s six principles and oversee their deployment. In addition, Egade’s new Social Impact Strategy is designed to add to the e orts of PRME. We are aware of the challenges and have learned so much since rst joining PRME. As a result, we know that our school’s e orts should be directed towards the most impactful initiatives that advance sustainability for the future of humanity and the ourishing of the planet.
de Monterrey’s undergraduate business, social sciences and education and medicine schools. The team is following the Minimum Income Standard methodology developed at the University of Loughborough to identify the needs of a Mexican household’s members and calculate the budget necessary to live a digni ed life. As part of this initiative, professors are also working with companies that have adjusted their wages to help employees have a better quality of life, as well as with organisations that promote living wages in Mexico. Providing a living wage is one the paths recommended in the aforementioned global stocktake report. Innovation and engagement Egade’s status as a PRME champion has also extended to educational innovation – most recently demonstrated by our participation in a project that is focused on integrating ve characteristics of playful and holistic learning into programmes’ instructional design. For this, faculty development and educational innovation teams at Egade have been looking at ways of merging innovations with current e orts, so that faculty members are not overloaded with training requirements. For instance, our faculty has received guidance on the development of simulations, escape rooms and the use of augmented reality, all of which aim to enhance students’ participation in a joyful learning environment. Alongside its work in relation to higher education institutions’ operations, PRME also promotes student engagement in sustainability-related activities, such as the PRME Global Student initiative. Locally, Egade has developed various student initiatives in this area. Egade Action Week, for example, launched this year and features conferences, workshops and exhibitions from sustainable enterprises over ve days. In its rst edition, Action Week also included an impact challenge, where students were invited to present novel solutions targeting the SDGs, as well as the beginning of a programme aimed at NGOs. Action Week launched at just one of the school’s three campuses in Mexico, with a view to expanding its scope in the near future based on the experience and lessons learned from its rst edition. Besides the opportunities Egade has enjoyed as a PRME member, our connection with the UN
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Business Impact ISSUE 4 2023
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