From BRICS to BRICS plus: selecting promising areas of S&T Cooperation with developing countries

The BRICS in the sustainable agenda: Performance analysis of ESG indices in the financial markets in Brazil, China, India and South Africa

“…In 2006, the concept gave rise to a grouping itself, incorporated into the foreign policy of Brazil, Russia, India and China, with the emergence of a political mechanism of cooperation and coordination bringing together these countries, as a rule, the bloc focuses on solving strategic socio-economic issues and the efficient use of national competitive advantages, based on a comprehensive assessment of their possible contribution to achieving sustainable socio-economic development and strengthening national competitiveness, the long-term objective of the partner countries is to transform the BRICS into a complete platform for continuous and strategic interaction on key issues (Sokolov, Shashnov, & Kotsemir, 2021). In 2011, on the occasion of the III Summit in Sanya, South Africa became part of the group, at the suggestion of the hostess at the time, China, and from then on, the acronym BRICS was adopted.…”

“…Since its inception, the BRICS have indirectly proposed sustainable development and, consequently, ESG, studies by Wen et al (2022) and Sokolov et al (2021) on the performance of the BRICS from a sustainable perspective, state that the strong promotion of the socioeconomic performance of the region is highly plausible if one considers the efficient use of natural resources, invested and producing through sustainable technology. Since the beginning of the summits, ESG themes have been addressed, as stated by Lobato (2018) and social issues, such as equality, combating poverty and inclusive and sustainable development, with respect to the sovereignty of countries, are permanent flags of the group, thus creating a global governance based on the objective of economic development with human and social development and environmental sustainability.…”