Our paper aims at assessing the sustainable development of the universities in the 21 st century that is market by globalization, high penetration of information and communication technologies as well as global environmental changes. The paper stresses that the higher education is undergoing profound changes in its role and its position in the society and should focus its attention to the environmental challenges and the fight again the global warming. Higher education is ripe for reforms that are not intended to disrupt its main goals and its very essence but that might help it to modernize its approaches to achieving the up-to-date objectives that would maximize its contribution to the development of the society. Therefore, it appears that governments and the civil society alike should put more effort into embedding the sustainable development principles as well as sustainable development goals (SDG) into the educational curricular of the universities regardless to their geographical location.