Sustainable Fitch affirms Baiterek Holding's ESG rating at '3'

Sustainable Fitch, the international rating agency, has affirmed Baiterek National Management Holding’s ESG rating at ‘3’ and raised its score from ‘57’ to ‘59’. This increase highlights the Holding’s successful integration of sustainability principles into its development strategy and its adherence to international disclosure standards.
The agency's report emphasizes that while Baiterek Holding has made progress, further improvements are needed in its long-term ESG goals and the transparency of environmental indicators. Baiterek Holding, a 100% state-owned institution, plays a pivotal role in Kazakhstan's socio-economic development. The Holding encompasses seven subsidiaries and supports various sectors, including micro, small, medium-sized, and large businesses, export operations, venture capital, agriculture, and housing finance.
In 2023, the Holding's subsidiaries significantly increased funding for green projects, such as the development of renewable energy sources, water optimization, and the promotion of environmentally friendly transport. Additionally, the Holding is focused on reducing resource consumption and minimizing its environmental impact. It has implemented an environmental management system certified under ISO 14001:2015.
Baiterek Holding also contributes to the country’s social welfare by advancing socio-economic development. In 2024, it became a member of the UN Global Compact and introduced a human rights policy.
The Holding’s governance structure includes a board of directors with 10 members, three of whom are independent. A robust risk management system, a clear division of responsibilities between the board of directors and the management board, and anti-corruption measures ensure high standards of management.
Baiterek National Management Holding is committed to continuous improvement in line with ESG principles and will continue to support long-term sustainable development goals.
Background information:
Sustainable Fitch is an international agency that evaluates organizations’ sustainable development efforts. The ESG rating reflects the organization's environmental, social, and governance performance and its contribution to a sustainable future.