We, the undersigned business and civil society leaders, academics and representatives of business-school accreditation agencies, congratulate the FT on announcing a “complete review” of its business school rankings methodology. We have recently undergone a sweeping consultation ourselves, culminating in a report launched at Davos. We hope that our findings will be of use to Work & Careers editor Isabel Berwick and her team as they undertake such an ambitious project, and we are pleased to offer our assistance. More generally, we would like to express our support for the efforts of rankings publications to incorporate environmental, social and governance criteria into evaluations, in recognition of the significant risks and opportunities associated with these issues.

We laud the FT’s first step in that direction with its introduction of a CSR criterion, as business schools tend to be significantly influenced by these criteria. We hope that, in response, business schools will truly integrate such issues into their curricula.

The report references other changes as well. Rankings could be improved by de-emphasising salaries, crediting schools that educate graduates who work for non-profits, creating space for practical knowledge, and other suggested actions that would prepare business school graduates for the 21st century. We hope that additional criteria will go beyond narrow numerical metrics, allowing for variation as business schools pursue different goals.

We are willing to collaborate with rankings publications as we all move toward a conception of business and finance as tools for building a safer, fairer, and more sustainable world. Business schools play an influential role in society to guide future decision makers in the choices they make, and we support efforts to prepare the next generation for what lies ahead.

Chris Higson
Academic Director, Finance Programmes, London Business School

Chris Moos
Academic, Saïd Business School, University of Oxford

Christoph Loch
Dean, Cambridge Judge Business School

Clémentine Robert
President, oikos International

Colin Melvin
Partner, Arkadiko Partners

David Pitt-Watson
(co-author), Executive Fellow, Cambridge Judge Business School

Donna Rapaccioli
Dean, Gabelli School of Business, Fordham University

Elizabeth Corley
Senior Advisor and former CEO, Allianz Global Investors; Chair of the Implementation Taskforce on Growing Social Impact Investing in the UK

Ellen Quigley
(co-author), Research Associate, Centre for the Study of Existential Risk, University of Cambridge; Postdoctoral Researcher, Centre for Endowment Asset Management, Cambridge Judge Business School

Elroy Dimson
Professor of Finance, Cambridge Judge Business School

Eric Cornuel
Director General & CEO, European Foundation for Management Development

Frank Blasio
Director of Thought Leadership, Coalition for Inclusive Capitalism

Hanane EL Kouari
Executive Director, Association of African Business Schools

Ivo Matser
CEO, Academy of Business in Society

Jane Stevensen
Director, JS Global

John Belgrove
Senior Partner, Aon

John North
Executive Director, Globally Responsible Leadership Initiative

Julia Christensen Hughes
Dean, College of Business and Economics, University of Guelph

Julian Huppert
Director, Intellectual Forum, Jesus College, University of Cambridge

Katrin Muff
Mission Possible Foundation

Lauren Xie
Pershing Square Scholar, University of Oxford

Lise Kingo
CEO and Executive Director, United Nations Global Compact

Peter Tufano
Peter Moores Dean, Saïd Business School, University of Oxford

Robert Eccles
Professor Emeritus, Harvard Business School; Visiting Professor, Saïd Business School, University of Oxford

Sangeet Chowfla
President and Chief Executive Officer, Graduate Management Admission Council

Sarah Carter
Executive Director, Centre for Endowment Asset Management, Cambridge Judge Business School

Seán Ó hÉigeartaigh
Executive Director, Centre for the Study of Existential Risk, University of Cambridge

Simon Beard
Research Associate, Centre for the Study of Existential Risk, University of Cambridge

Steve Waygood
Chief Responsible Investment Officer, Aviva Investors

Thomas Dyllick
Professor Emeritus, University Delegate for Responsibility and Sustainability, University of St. Gallen

Mette Morsing
Senior Adviser to UN PRME

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