At the 5th Social Responsibility Forum “Congress: RBC — Social Capital,” which brought together more than 500 participants offline and over 163,000 online viewers, the panel discussion “Markets of the Future: BRICS and SCO in the Economy of Trust” was held.

The session focused on the development of international cooperation and the application of the Business Social Capital Standard — a new instrument aimed at harmonizing non-financial metrics and achieving mutual recognition of corporate reporting among BRICS and SCO countries.

The speakers included Andrey Prokhorovich, Founder of Eurasia Development Group (ED Group); Georgy Belozerov, Deputy Director General of the Agency for Strategic Initiatives; Vicente Barrientos, President of the BRICS Center; Ilya Mironov, Chairman of the Board of VOIR; Olga Starikova, CEO of Mosprom; Vladislav Berezovsky, Member of the Board of Directors of CARBON ZERO LLC; Artem Sedov, CEO of Bolshaya Troika LLC; Roman Sukhoveev, Technical Director of RROILGROUP (Kazakhstan); and Sergey Druchek, Executive Director of BRICS House.

Andrey Prokhorovich: Green Technology Transfer Between Russia and ChinaIn his speech, Andrey Prokhorovich, Founder and CEO of ED Group, spoke about new opportunities for technology exchange between Russia and China and about green investment.

“Around ten years ago, we were engaged in transferring Russian technologies to China. Today, the direction has changed: China has become a global leader in green technologies — from water treatment and waste recycling to renewable energy. We now offer our clients solutions for technology transfer from China to Russia,” he noted.

Since 2017, ED Group has been actively developing cooperation with Chinese partners in technology transfer, green financing and infrastructure projects. According to Andrey Prokhorovich, Chinese companies are now showing active interest in investing in Russian renewable energy projects and are ready to act not only as EPC contractors, but also as investors.

Green financing instruments were an important aspect of the discussion.

Andrey Prokhorovich emphasized:
“Despite the gradual development of carbon credit and green certificate trading markets, there is currently no infrastructure for cross-border trading between Russia and China. Therefore, in practice, green bonds remain the most realistic instrument of green financing. The average bond issuance rate for non-sanctioned Russian issuers in the Chinese debt market can be around 3.5%, while placing securities with green status can additionally reduce borrowing costs by approximately 50 basis points.”

Key Points from Other Participants in the Discussion

• Georgy Belozerov, Deputy Director General of the Agency for Strategic Initiatives, drew attention to the problem of greenwashing and the need to move from formal reporting to measurable results reflecting business contributions to public well-being.

• Vicente Barrientos, President of the BRICS Center, spoke about Brazilian mechanisms for protecting investments through the Brazilian Development Bank. He noted that the volume of instruments for protecting foreign investment in the region could exceed USD 100 billion, including projects in the green economy, science and education.

• Ilya Mironov, Chairman of the Board of VOIR, noted that the crisis of trust in the ESG sphere is associated with the ineffectiveness of traditional forms of auditing. He proposed moving toward internal codes and co-ownership models in which consumers become participants in innovation management.

• Olga Starikova, CEO of Mosprom, spoke about mechanisms supporting entry into export markets: Mosprom helps companies localize production in Moscow, conducts scoring and selects strategies for entering international markets.

• Vladislav Berezovsky, Member of the Board of Directors of CARBON ZERO LLC, stated that carbon credit and green certificate markets in BRICS and SCO countries are still at the formation stage.“We are creating a ‘carbon hub’ that will prevent double counting in cross-border trade,” he noted.

• Artem Sedov, CEO of Bolshaya Troika LLC, presented a waste recycling case that made it possible to halve transportation costs and reduce the number of landfills by 90%.

• Roman Sukhoveev, Technical Director of RROILGROUP (Kazakhstan), stated that trust is the main asset in new markets. He presented end-to-end digital solutions for counterparty verification and increasing transaction transparency.

• Sergey Druchek, Executive Director of the BRICS House International Public and Business Center, spoke about support measures for Russian companies: preferential financing for technology transfer, subsidies for equipment purchases and assistance in concluding contracts for the supply of industrial products.

Conclusions

The discussion showed that the economy of trust across the BRICS and SCO space is being formed through practical partnership mechanisms — joint investment, mutual recognition of non-financial reporting and the development of green technologies.

The participation of ED Group confirmed the company’s commitment to promoting international cooperation, green technology transfer and the development of sustainable financing instruments.

Broadcast:
https://vkvideo.ru/video-25232578_456332424