Abbreviation | GRLI |
---|---|
Formation | 2004 |
Headquarters | Brussels, Belgium |
Region served | Global |
Website | www |
The Globally Responsible Leadership Initiative(GRLI) is a non-profit community of businesses as well as business schools and other educational institutions. Based in Belgium, Brussels, its purpose is to catalyse the development of globally responsible leadership and practice in organisations and society worldwide. [1] The GRLI was founded in 2004 and counts numerous [2] organisations that are its partners and members. [3] GRLI is an official partner of United Nations Sustainable Development Goals for Quality Education and Responsible Consumption and Production. [4]
GRLI's strategic partners are the Association to Advance Collegiate Schools of Business (AACSB), the European Foundation for Management Development (EFMD) and the United Nations Global Compact. [5]
The mission of GRLI "to catalyze the development of globally responsible leadership and practice worldwide" is in line with the view promoted by GRLI that: [6]
The GRLI aims at building a world where leaders contribute to the creation of economic and societal progress in a globally responsible and sustainable way. A starting point for global leadership includes, according to GRLI, fairness, freedom, honesty, humanity, tolerance, transparency, responsibility and solidarity, and sustainability. [7] Considered a resource for business education for cultivating leadership integrity, [8] the GRLI challenges business schools and other learning institutions to explain and promote organizational cultural changes toward social responsibility. It also cooperates with institutions of higher education to further develop their curricula. [9]
The initiative has catalysed the creation of two new academic journals: the Journal of Global Responsibility and the Sustainability, Accounting, Management and Policy Journal. [3] [10] [11]
The GRLI, in partnership with Principles for Responsible Management Education (PRME) and other networks, has given rise to several projects including: [12]
The GRLI was founded in 2004 by the European Foundation for Management Development and the United Nations Global Compact. [3] The initiative's 2005 founding report identified a need for deep systemic change in business, recognizing that this change "needed to take place at the personal, organizational and systemic levels". [14] It was founded with the purpose of developing a next generation of globally responsible leaders through the development and support of projects and initiatives. [15]
Corporate social responsibility (CSR) or corporate social impact is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in, with, or supporting professional service volunteering through pro bono programs, community development, administering monetary grants to non-profit organizations for the public benefit, or to conduct ethically oriented business and investment practices. While once it was possible to describe CSR as an internal organizational policy or a corporate ethic strategy similar to what is now known today as Environmental, Social, Governance (ESG); that time has passed as various companies have pledged to go beyond that or have been mandated or incentivized by governments to have a better impact on the surrounding community. In addition, national and international standards, laws, and business models have been developed to facilitate and incentivize this phenomenon. Various organizations have used their authority to push it beyond individual or industry-wide initiatives. In contrast, it has been considered a form of corporate self-regulation for some time, over the last decade or so it has moved considerably from voluntary decisions at the level of individual organizations to mandatory schemes at regional, national, and international levels. Moreover, scholars and firms are using the term "creating shared value", an extension of corporate social responsibility, to explain ways of doing business in a socially responsible way while making profits.
The United Nations Global Compact is a non-binding United Nations pact to get businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is the world's largest corporate sustainability and corporate social responsibility initiative, with more than 20,000 corporate participants and other stakeholders in over 167 countries. The organization consists of a global agency, and local "networks" or agencies for each participating country. Under the Global Compact, companies are brought together with UN agencies, labour groups and civil society.
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