Sustainable Fitch Upgrades the ESG Rating of Baiterek National Managing Holding to Level “2”

Sustainable Fitch, an international rating agency, has upgraded the ESG rating of Baiterek National Managing Holding JSC to level “2” from “3”, with an overall score of 65 out of 100 (previously 59). This upgrade reflects the Holding’s consistent efforts to implement ESG principles and enhance the transparency of its operations in line with international standards.

The agency highlighted significant improvements in the disclosure of environmental information. For the first time, the Holding has published data on greenhouse gas emissions across all three categories — Scope 1, 2, and 3 — for the entire group of companies.

The Holding’s subsidiaries continued to actively finance green projects. The agency emphasized that the Group’s activities have a positive social impact and play an important role in supporting Kazakhstan’s socio-economic development.

The agency also noted the Holding’s strong commitment to human rights and labor practices. Gender diversity within the company remains balanced.

Sustainable Fitch highly rated the Holding’s corporate governance structure, noting its transparency and effective decision-making balance. The agency also highlighted the presence of robust risk-management systems and effective anti-corruption measures.

Baiterek National Managing Holding will continue strengthening its ESG practices and increasing the transparency of its activities for partners, society, and investors.

Background information:
Sustainable Fitch is an international agency that assesses the level of sustainable development of organizations. ESG ratings are based on an evaluation of environmental, social, and governance factors that reflect a company’s contribution to a sustainable future.