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Strategy

2023–2032

GRI 2-22
3 Goals
20 Objectives
7 KPIs

We operate in accordance with our Strategy (Development Plan for 2023–2032), which is aligned with key Nationwide Priorities and supports the delivery of the long-term Kazakhstan-2050 development strategy.

Effective management
of the asset portfolio

Goals

Increase net asset value

Objectives
Increasing labour productivity
Financial stability
Optimisation and improvement of business processes
Asset modernisation and digitalisation
Moving into new value-added stages and creating new industries
Development of R&D and innovation, high-tech industries
KPIs
Labour productivity
NAV

A business
ecosystem

Goals

Develop competition

Objectives
IPOs/SPOs and declining share in the economy
Major infrastructure projects
Development of the resource base
Global partnerships and coordination of investment activities
Responsible, market-based tariff setting
Equal access to infrastructure and markets
KPIs
Investments in fixed capital
Reduction of the Fund’s share in the economy Gross inflow of foreign investment

Sustainable
development

Goals

Embed ESG principles

Objectives
Corporate governance
Openness, transparency and compliance
Social responsibility
 Leading H&S practices
Human capital development
Resource conservation
Decarbonization
Green finance
KPIs
ESG rating
Reduction of the net carbon footprint

Strategic sustainability KPIs

ESG rating⁵ of the Fund Group

Net carbon footprint reduction

relative to 2021

  1. The Fund’s “ESG Rating” KPI is calculated as a weighted average rating based on the weights and rating levels of the portfolio companies.

Progress on sustainable development targets

Progress in 2025 Target

See the 2025 Annual Report for more on targets in other strategy areas.

45 %
Share of low-carbon purchased electricity by 2032
ISO 37001 and ISO 37301 certification for all portfolio companies