Value of human rights and ethical behavior

The Republic of Kazakhstan is a State governed by the rule of law, the highest values of which are a person, his life, rights and freedoms. According to item 2 of Article 14 of the Constitution of the Republic of Kazakhstan, no one may be subjected to any discrimination based on origin, social, official and property status, gender, race, nationality, language, attitude to religion, beliefs, place of residence or any other circumstances.

And we, as the Sovereign Wealth Fund, strictly honor fundamental human rights. We recognize the indisputable importance of granting equal rights to everyone.

Our Code of Conduct, approved by the Board of Directors in 2017, prohibits discrimination and harassment on any grounds. The Code establishes general standards of conduct for all employees, regardless of their position, and reflects the basic values and ethical principles of work in the Fund. The Code applies not only to employees of the Fund, officials and directors of the Fund, but also to the member companies of the Fund Group. Business partners, suppliers and other third parties who work with the Fund or represent the Fund are recommended to adhere to the provisions of this Code.

From year to year, our position on basic human rights remains unshakable and unchanged: we do not use child labor, do not practice forced labor, and recognize the equal rights of all employees and contractors, regardless of their race, religion and gender. However, we are aware of their exceptional importance for society as a whole, and therefore we recognize the above aspects as material for the Fund.

Familiarization with the Code is mandatory for all employees. The Code of Conduct is available to the stakeholders on our official website in three languages – Kazakh, Russian and English.