PROFESSIONALS dedicated to furthering Kazakhstan
- Who We Are
The Holding, as a financial institution, pays special attention to responsible investment. It seeks to introduce and integrate ESG factors into the process of making investment decisions by presenting them to the Holding's counterparties.
The Holding expects its counterparties to:
• apply an environmental risk management system to identify and assess actual and potential impacts on the environment and society; determine and take appropriate management measures; monitor the level of environmental risks.;
• manage human resources and ensure the health of employees; respect workers' rights, including freedom of association and the right to collective bargaining; ensure fair treatment of employees, create safe and healthy working conditions, prevent adverse effects on human health and safety;
• ensure effective corporate governance based on the principles of fairness, honesty, responsibility, transparency, and professionalism. Effective corporate governance contributes to the company’s successful development (the growth of its market value, maintenance of financial stability, and profitability) and presupposes respect for the rights and interests of all persons associated with the organization.
The ESG rating is a key tool for a company to determine whether the implementation of ESG standards has been successful. This rating measures the sustainability of the company in the long term by identifying its risks and opportunities.
Based on the results of the 2023 assessment, the Holding received a rating of "3" (a score from 1 to 5, where 1 is the strongest), as well as 57 points (on a 100-point scale, where 100 is the strongest) from the international rating agency Sustainable Fitch.
The rating agency noted the Holding's disclosure of information on corporate governance and social policy among its strengths. As further areas for improvement, the agency noted the need to increase the level of disclosure of information on the Holding Company's environmental impact both within the framework of administrative and economic activities and project activities.
Based on the results of the rating, it is planned to work on improving the indicators of the Holding Group within the framework of the Sustainable Development Action Plan for 2024-2026.
In 2024, the Holding Group has planned a number of sustainable development activities, including:
• Updating the unified database of green projects of POs of the Holding (including social projects) in accordance with the main areas of implementation of green projects defined in the environmental and social policy of the Holding and the taxonomy of social projects, broken down by sector (including energy, agro-industrial complex, housing block, etc.), financing volume, environmental and social effects;
• Updating of the international rating in the field of sustainable development;
• development by the Holding and its subsidiaries and affiliates of a methodology for calculating CO2 emissions (impacts 1, 2, 3);
• confirmation of environmental management and occupational health and safety certificates (ST RK ISO 45001-2019, ST RK ISO 14001) and conducting training for the Holding Company's employees on the requirements of these standards;
• keeping records of transferred waste paper and purchasing office supplies made of environmentally friendly materials.
