SDG-Embeddedness in Business School Operations: State-of-the-Art Literature, Ground Realities, and Measurement Parameters

Abstract

Business schools (B-schools) are vital to achieving the sustainable development goals (SDGs) and the 2030 Agenda by creating awareness of sustainability among the next generation of leaders. Mindful of their responsibility, schools around the world have initiated efforts to integrate the SDGs into different aspects of their operations. However, the pace has been slow, with schools in some parts of the world lagging in even initiating the process, indicating that additional efforts are required to enhance their commitment. The academic literature in the area has also been growing but is in a very nascent stage, requiring fresh inputs and renewed focus for momentum. This article responds by invigorating theory and practice using a multimethod approach that includes 1) a review of the extant literature to present the state-of-the-art literature and identify research gaps that suggest future research directions, 2) a qualitative study assessing the current state of SDG integration, and 3) an evaluation of the relevant parts of the reports on principles of responsible management education by signatory schools to develop a set of parameters for the measurement of SDG integration. The findings of this article offer important implications for both internal and external stakeholders. For internal stakeholders, i.e., the B-school management, we offer a set of five broad parameters broken down into 39 indicators to benchmark and calibrate the related outcomes. For external stakeholders, i.e., the regulatory bodies, we offer insights for policy intervention and formulation of systematic sustainability-reporting protocols to guide B-schools.