Baiterek National Managing Holding discussed the development of ESG approaches and sustainable investing

On November 11, Baiterek National Managing Holding held an expanded meeting of the Public Council’s Commission on Sustainable Development, ESG, and Investment Attraction titled: “Green and Sustainable Investment – International Practices and Experience of the Holding’s Companies.”

The event was attended by members of the Commission, executives of the Holding and its subsidiaries, as well as representatives of government bodies and expert organizations.

Speakers included the Chair of the Commission on Sustainable Development, ESG and Investment Attraction, Yuliya Yakupbayeva, and Deputy Chairman of the Management Board of Baiterek National Managing Holding, Timur Onzhanov.

In his address, Timur Onzhanov emphasized that Baiterek National Managing Holding systematically integrates ESG principles into both investment policy and internal procedures, forming unified approaches to sustainable investing for all subsidiaries. According to him, the Holding views ESG not as a standalone initiative, but as a strategic foundation for long-term economic growth and increased social responsibility. He also highlighted the Holding’s active participation in international ESG initiatives and alliances, which facilitates the exchange of best practices and enhances the effectiveness of implemented projects.

“Today, sustainable development issues are becoming crucial for all development institutions. Our goal as a Holding is to set standards and build an ecosystem in which green and social initiatives receive sustainable financing. ESG approaches make it possible to align economic, environmental, and social interests, ensuring a balance between growth and responsibility,” said the Deputy Chairman of the Management Board.

During the meeting, the Holding’s subsidiaries — Otbasy Bank, Export Insurance Company KazakhExport, Development Bank of Kazakhstan, and Kazakhstan Housing Company — presented practical cases of applying sustainable financing in their respective areas.

Particular attention was given to the issuance of green and social financial products by Otbasy Bank within the framework of green mortgages. In addition, initiatives of the Development Bank of Kazakhstan were discussed, as it became the first financial institution in the country accredited by the Green Climate Fund, as well as financing tools for energy-efficient housing.

Participants emphasized the importance of knowledge exchange and the further advancement of the ESG agenda at the level of national development institutions.

Summarizing the meeting, Chair of the Commission on Sustainable Development, ESG, and Investment Attraction, Yuliya Yakupbayeva, highlighted the importance of forming an open ESG ecosystem and sustainable project pipeline within the Holding Group:

“The Holding and its subsidiaries have reached a mature level in ESG implementation. It is time to develop Sustainable Investment Policies for all areas of the Holding’s activities, with clear rules and incentives. The market must prepare, build internal processes, create documentation, and see real cases already implemented. This is the next task of our Commission,” noted Yuliya Yakupbayeva.