Issue link: http://www.e-digitaleditions.com/i/139946
headlines Developing Responsible Leaders AS SUSTAINABILITY GROWS more important to the world's consumers, critics are requiring more accountability from business leaders—and from the institutions that educate them. In response, AACSB International has partnered with the European Foundation for Management Development (EFMD) and the Globally Responsible Leadership Initiative. Through a collective network of companies and business schools, AACSB, EFMD, and the GRLI will focus on ways that industry and academic partnerships can advance the development of better leaders. According to John Fernandes, AACSB's president and CEO, "This partnership and our enhanced accreditation standards represent AACSB's strong commitment to the development of ethical, sustainable, and socially responsible leaders, and to our expectation that business schools make these higher aims a critical success area." The new standards, which were approved by AACSB members in April at the association's annual conference, require that business schools educate students in ways that achieve these pillars of effective leadership. As founding partners, AACSB and EFMD will join the GRLI board of directors. Fernandes will be one of AACSB's representatives to the board; the other will be Linda Livingstone, dean of the Graziadio School of Business and Management at Pepperdine University in Malibu, California. The partnership, says Livingstone, "will help foster change in how business schools approach ethical, sustainable, and globally responsible leadership in their program offerings, curriculum, and practices." integrate sustainability into their core business practices, the ensuing social and environmental initiatives will create internal benefits for their companies. That was one of the observations made by Bernard Garrette, associate dean for HEC Paris in France, when he spoke at the school's annual Sustainable Business Conference in March. The conference was hosted by HEC Paris, BeCitizen, the GDF SUEZ Chair, and the Center for Research on Society and Organizations. On the conference's tenth anniversary, the theme was "From the green line to the bottom line: creating 10 July/August 2013 BizEd company value through sustainability." Speakers addressed three key themes: sustainable opportunities in global markets, sustainable business models, and integrated reporting. Panels explored opportunities both at the base of the pyramid and within advanced economies by examining frugal, reverse, and clean-tech innovations. Panels also addressed the value and necessity of integrated reporting, which helps companies demonstrate the relationship between nonfinancial indicators and financial performance. More about the conference can be found at hec-sbc.org/. M I KE KE M P/G LOW I MAG ES WHEN BUSINESS LEADERS I MAG ESOU RCE /G LOW I MAG ES Incorporating Sustainability