[ ANALYTICS ]
BRICS 250 : Merging financial success with sustainable growth in emerging markets
BRICS 250 METHODOLOGY
In a world where sustainable development is increasingly prioritised , the establishment of the BRICS 250 ranking is a contribution to global cooperation and progress , with experts from various countries evaluating and ranking the largest companies from BRICS nations .
The analysis and evaluation of companies are primarily based on their financial and ESG reports . Additionally , only the most reliable data sources have been utilised , including government databases and authoritative international ratings and indices .
The set of evaluation criteria includes market capitalisation , revenue and corporate strategy , as well as the implementation of ESG activities . Particular emphasis is placed on the company ' s use of renewable energy , waste management practices , ' green ' investments and inclusive corporate policies .
This ranking , in itself , serves as a call for greater transparency and accountability in business , as well as proactive measures towards sustainable development . It also offers valuable insights to investors and governments , aiding them in making informed decisions that benefit society and the environment .
Determined by stringent selection criteria , the BRICS 250 features the largest national companies that have a substantial economic and societal impact .
Given the diversity of the BRICS economies , we screened each market to identify the largest and most influential players in each country . Our analysis concentrated on companies with high market capitalization , assuming these entities have the capacity to allocate significant resources towards sustainable policies , with the goal of positively affecting their communities and the environment .
Recognising adherence to ESG principles as equally important as financial performance , we examined each company ’ s strategy and action in addressing social and environmental challenges . We requested companies to provide specific information about their tangible efforts in this field . We paid special attention to their initiatives aimed at reducing carbon emissions , improving working conditions and enhancing transparency in governance .
This innovative ranking has the potential to reshape corporate approaches to social and environmental responsibility while paving the way for future growth and innovation
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WEJ | September 2024