Road to sustainability: our key milestones

Establishment of Samruk-Kazyna JSC through the merger of two holdings, Samruk and Kazyna.

Implementation of anti-crisis measures to overcome the consequences of the global financial crisis.

Launch of the People’s IPO project.

Samruk-Energy JSC, NC Kazakhstan Temir Zholy JSC, and NGK Tau-Ken Samruk joined the UN Global Compact.

The Fund’s Development Strategy for 2012–2020 was approved. Corporate social responsibility is one of the priority areas.

The Corporate Governance Code was approved.

Transition to e-procurement, introduction of mediation and negotiation process.

The Fund has become an official member of the IFSWF.

Start of the Transformation Programme of the Fund Group and portfolio companies.

Approved a new Corporate Governance Code developed in accordance with OECD principles, with a focus on sustainable development for the sake of Kazakhstan’s future generations.

Under the Paris Agreement, Kazakhstan has committed to reduce greenhouse gas emissions by 15% of 1990 levels (to 328 million tonnes) by 2030.

Procurement standards have been approved.

The Charitable Activities Programme of the Fund Group was approved. Samruk-Kazyna Trust is designated as a single operator of charitable activities.

Internal regulatory documents in sustainability were adopted: Code of Conduct, Sustainable Development Reference Model, Occupational Health and Safety Management Reference Model, Government Relations Reference Model, Compliance Reference Model, Social and Charitable Projects Policy.

Release of the first Sustainable Development Report of Samruk-Kazyna JSC (for 2016).

The Fund received the highest score on the LMTI Transparency Index and was ranked 15th in the top 100 public investors.

The Fund’s Development Strategy 2018–2028 was approved, where the improvement of corporate governance and sustainable development are defined as strategic goals, and ESG principles are introduced.

The Action Plan approved to improve corporate governance of the portfolio companies.

The Committee for Sustainable Development under the Board of the Fund was established.

Samruk-Energy JSC placed debut green bonds worth KZT 18.4 billion on the AIX exchange.

The Low Carbon Development Concept was approved.

The Occupational Safety Policy with the priority goal of achieving zero injuries and the Corporate Standard on Occupational Safety Management were approved.

The Energy Efficiency and Energy Saving Programme until 2027 was approved.

Implementation of ESG principles in the Fund and portfolio companies (amendments were made to the Fund’s Corporate Governance Code, integrated Plans for implementation of ESG principles were approved in Portfolio companies, the practice of obtaining ESG ratings was introduced).

Evaluation of the Fund’s portfolio companies within the framework of independent international ESG ratings.

Approved the Fund Development Plan 2023–2032, which includes strategic targets to reduce the carbon footprint by 10% by 2032 from a base year of 2021 and achieve carbon neutrality by 2060.

The Fund’s 2022 Sustainability Report has been independently assured for the first time and received a diploma for the best disclosure of the Sustainability Strategy.

NAC Kazatomprom JSC joined the SDG Ambition Programme of the UN Global Compact.

Participation in meetings with investors within the framework of SOR-29 and signing of memorandums/agreements on co-operation.

Implementation of TCFD-compliant approaches to ESG risk assessment in a number of portfolio companies.

Approval of the Strategy for Occupational Safety Management.

Implementation of investment projects in RES and low-carbon generation with a total capacity of up to ~6.3 GW.