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.
Also on April 29, 2024, the Holding Company joined the ranks of signatories to the “One Belt, One Road” Green Investment Principles (GIP). The GIP is a set of principles for greening Belt and Road investments. It includes seven principles at three levels: strategy, operations and innovation.
Principle 1: Embed sustainability into corporate governance;
Principle 2: Understanding environmental, social and governance risks;
Principle 3: Disclosure of environmental information;
Principle 4: Improve communication with stakeholders;
Principle 5: Use of green financial instruments;
Principle 6: Implement green supply chain management;
Principle 7: Build capacity through collective action.