The notion of sustainable development was introduced in 1987 by the Bruntland Commission, which defined it as "development that meets the needs of the present without compromising the ability of future generations to meet their own needs".Originally conceived purely with reference to the environment, the scope of the idea of sustainable development has widened progressively. Today, international organizations such as the World Bank, the Organisation for Economic Co-operation and Development (OECD) and the International Labour Organization (ILO)use the expression 'socially and environmentally sustainable development’ to refer to a broad range of activities that simultaneously affect a number of spheres. In both academic and policy circles there is now broad agreement that promoting sustainable development requires a systemic perspective on the long-term consequences of today's policies for tomorrow's environment, economy and society.The following are some landmarks in the development of the new regulatory architecture:- The Global Reporting Initiative (GRI) was launched in 1997 by UNEP in collaboration with NGOs to promote and standardize ‘sustainability reporting’, in which organizations communicate their economic, environmental and social performance to the public.- The Global Compact was launched by Kofi Annan in 1999 in Davos to encourage multinational companies respect basic human and labour rights, as well as environmental standards.- ISO produced, inter alia, two well-known families of standards: ISO 9000, which deals with quality management (firm-client relationships, performance, client satisfaction, applicable regulatory norms, etc.), and ISO 14000, which deals with environmental management with a view to improving environmental performance- Beginning in 2005, the ISO launched a process aiming to produce international guidelines on the social responsibility of organizations. The process led to the issuing of ISO 26000 on social responsibility. ISO 26000 is intended to assist organizations in contributing to sustainable development.
ACBSP and IACBE are both accrediting bodies recognized by the Council for Higher Education Accreditation (CHEA).EU Business School (EU) has been certified by EduQua, the first Swiss quality label geared toward adult further education. EU is one of the schools, institutions and academies in Switzerland to be certified by EduQua.
IQA International Quality Accreditation (IQA) was specifically designed to address the needs of business schools and other management development institutions operating in the dynamically changing environments of Central and Eastern Europe. Since then, IQA has evolved to encompass a wider market and to address the unique conditions and needs of local and national environments and emerging economies. All four campuses have this accreditation.
EU Business School has received specialized accreditation for its business programs through the Accreditation Council for Business Schools and Programs (ACBSP) located at 11520 West 119th Street in Overland Park, Kansas, USA. The business programs in the following degrees are accredited by the ACBSP:
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