It’s heartbreaking to see how the ESG (Environmental, Social, and Governance) framework has failed us. The result is a planet that is suffering, a society that is unequal, and an economy that is unsustainable.
The downfall of ESG has paved the way for the rise of BRICS nations, namely Brazil, Russia, India, China, and South Africa. These nations have emerged as the new leaders in sustainable development, and their economic growth is tied to their ability to promote sustainable practices.
According to Professor Antônio Gomes, a leading expert in sustainable development at the Federal University of Rio de Janeiro, “BRICS nations have a unique opportunity to lead the way in sustainable development. Their economies are growing at a fast pace, and they have the potential to create a more equitable and sustainable world.”
To ensure that sustainability is a priority, the gold standard must be adopted. As Professor Gomes notes, “The gold standard is crucial in ensuring that companies prioritize sustainability. It’s time for us to hold companies accountable for their actions and reward those that are committed to building a more sustainable world.”
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