ҚАЗРУСENG

Sustainable development and implementation of ESG principles are an integral part of the Fund's Development Strategy and ensure the achievement of its long-term goals. Implementation of ESG principles allows the Fund not only to strengthen its reputation as a responsible investor, but also to form global partnerships and attract international investments, which, in turn, contributes to reducing the share of the state in the economy and increasing the overall competitiveness of portfolio companies.

Sustainable Development Priorities

The Fund operates in accordance with its Development Plan for 2023-2032 (the Strategy), which corresponds to the key National Priorities and contributes to the implementation of the country's long-term development strategy "Kazakhstan-2050".

The Fund's strategic goals – increasing the value of net assets and promoting competition – are directly related to the principles of sustainable development.

The key objectives of the Fund's strategy – effective management of the asset portfolio, increase in labour productivity, technological modernisation, introduction of resource-saving technologies – directly affect the growth of the value of assets (NAV). At the same time, the focus on reducing the carbon footprint, developing green finance instruments, and advancing social initiatives is aligned with global investment trends, thereby strengthening the Fund's competitive position in international capital markets.

Adhering to ESG principles, which are integral to achieving its strategic and operational goals, the Fund has defined the following sustainable development priorities:

  1. Strengthening corporate governance:

    • Improving the role of the Board of Directors and the quality of its composition.
    • Managing portfolio companies in line with best corporate governance practices.
    • Implementing advanced international standards in corporate governance.

  2. Transparency and compliance:

    • Engaging stakeholders to ensure openness and transparency.
    • Improving disclosure quality and preventing corruption-related violations.

  3. Social responsibility:

    • Improving working conditions and safety measures to enhance well-being.
    • Contributing to the country’s social development through charitable initiatives, corporate sponsorship, and promotion of corporate volunteering.

  4. Health and Safety (H&S):

    • Implementing best H&S practices to reduce workplace injuries across the Group, based on a zero tolerance approach.
    • Enhancing occupational safety and operational reliability through innovative and digital solutions.

  5. Human capital development:

    • Strengthening workforce capacity and developing new competencies.
    • Ensuring continuous professional development based on the global best practices.

  6. Resource efficiency:

    • Promoting efficient use of resources, including fuel, energy and water.
    • Modernising equipment and applying advanced technologies in new investment projects.
    • Implementing the Samruk-Kazyna Energy and Resource Efficiency Programme until 2027.

  7. Decarbonization:

    • Implementation of the Low Carbon Business Model Transition Plan as part of the Low Carbon Development Concept. The plan identifies over 50 actions to transition to sustainable environmental performance, including major investment projects to transition to alternative energy and increase manoeuvrable generation.

  8. Development of green finance instruments:

    • Financing projects aligned with green taxonomy principles, and issuing green bonds.