Sustainability management has evolved into a concept for enhancing corporate sustainability by incorporating corporate social responsibility into the concept of sustainable development. Universities are expected to play a key role in creating a new paradigm for sustainability management by educating and nurturing future human resources. Therefore, it is necessary to discuss the role of universities in introducing sustainability management indicators and practice in order to examine what role universities can play in promoting sustainability management and to fulfill their functions and roles. This study examined the current status of and the necessity for universities’ sustainability management and the international norms in order to promote sustainability management of universities. Then, the case study of domestic universities suggested practical implications for each factor of GRI guidelines. In order to develop the academic discussion, I hope that the elements for sustainability management presented in this study can be used as basic data.