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08/01/2025

‘Baiterek’ National Managing Holding is actively implementing the National Project for the Modernization of the Energy and Utilities Sectors

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31.07.2025

Annual Report and Sustainability Report of ‘Baiterek’ National Managing Holding for 2024 Approved

Annual Report and Sustainability Report of ‘Baiterek’ National Managing Holding for 2024 Approved

The Board of Directors of Baiterek National Managing Holding has approved the Annual Report and the Sustainability Report for 2024. Both documents represent an important step toward enhancing openness and transparency, particularly in terms of ESG disclosure.

For the first time, the reports have been prepared in accordance with the new international sustainability reporting standards — IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures, as well as the industry-specific SASB Standards (Sustainability Accounting Standards Board). The reports include dedicated sections reflecting the integration of IFRS S1 and S2 standards into strategic and corporate governance and ESG risk management. Additionally, the scope of disclosures has been expanded in line with the Global Reporting Initiative (GRI Standards), including new GRI indicators.

The documents have also been prepared in accordance with the provisions of the Holding’s Corporate Governance Code, as well as the requirements of the national regulator — the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market, and the rules of the Kazakhstan Stock Exchange (KASE).

Particular attention in the reports is given to the environmental aspect. For the first time, data on greenhouse gas (GHG) emissions have been disclosed across all three scopes (Scope 1, 2, and 3) — both at the Holding level and across its subsidiaries. The reports provide information on emission intensity, the share of green projects in subsidiary portfolios, and the criteria for their selection. As of the end of 2024, total GHG emissions of the Holding decreased by nearly 1.5 times compared to 2023. Specifically, direct emissions (Scope 1) decreased by 2.6%, indirect energy-related emissions (Scope 2) by 33.4%, and other indirect non-energy-related emissions (Scope 3) by 11.2%.

The Holding continues to actively develop sustainable development practices and responsible financing in line with leading international standards and recommendations.

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