One of the main KEGOC’s objectives is to ensure compliance of its operations and operations of its subsidiaries with the sustainable development principles, the coherence of their economic, environmental and social objectives for sustainable development and creation of economic value in the long term.
KEGOC realizes the importance of its impact on the economy, environment and society, pursues the long-term value growth ensuring its sustainability in the long term and maintains the balance of stakeholders’ interests. KEGOC realizes the importance of its impact on the economy, environment and society, pursues the long-term value growth ensuring its sustainability in the long term and maintains the balance of stakeholders’ interests.
KEGOC supports the principles of the United Nations Global Compact with respect to human rights, employment relations, protection of environment and anti-corruption, that include:
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
Principle 2: make sure that they are not complicit in human rights abuses.
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4: The elimination of all forms of forced and compulsory labour;
Principle 5: The effective abolition of child labour; and
Principle 6: The elimination of discrimination in respect of employment and occupation.
Principle 7: Businesses should support a precautionary approach to environmental challenges;
Principle 8: Undertake initiatives to promote greater environmental responsibility;
Principle 9: Encourage the development and diffusion of environmentally friendly technologies.
Principle 10: Businesses should work against all forms of corruption, including extortion and bribery.
Sustainable development is the development in which organizations manage their environment, economic, social impact and make decisions with due consideration of the stakeholders' interests.
Based on international standards for sustainable development, standards of AA1000 series, principles of the UN Global Compact, Global Reporting Initiative (GRI), KEGOC’s Charter and KEGOC’s Corporate Governance Code.
The Company's sustainable development consists of three components: economic, environmental and social:
With respect to sustainable development KEGOC adheres to the following principles:
To organize and ensure work on sustainable development management, development, implementation and operation of KEGOC's integrated management system (IMS) and continuous improvement of management system performance, the Company has established a consultative and advisory body - the Coordination Council for Sustainable Development and IMS, headed by the Chairman of the Management Board of KEGOC.
The Coordination Council includes all managing directors and heads of subsidiary organizations. The main tasks of the Coordination Council in sustainable development issues are:
The Coordination Council, in accordance with the tasks assigned to it, shall perform the following functions:
1) analyzing the internal and external situation in three components of sustainable development: economic, environmental and social; in the field of IMS to formulate KEGOC's Policies, goals of IMS and components of sustainable development;
2) ensuring integration of sustainable development into key business processes by:
- ensuring the development of plans and/or programs, climate risk management process, identification of responsibilities, monitoring of climate management activities;
- ensuring the provision of resources and information required for the sustainability management system, as well as the development, implementation, maintenance and continuous improvement of IMS performance;
- distribution of authority and responsibility of personnel within the framework of sustainable development and IMS and communicating them to KEGOC personnel;
- analysis of draft plans and programs aimed at implementation of goals, objectives and achievement of indicators for the components of sustainable development and IMS;
- determining the materiality of sustainable development topics, reviewing the materiality matrix;
- determining the IMS scope of application, updating the IMS model (identification of IMS processes, their sequence and interaction), ensuring preservation of IMS integrity when planning and making changes to it, conducting analysis of IMS functioning, including assessment of improvement opportunities and need for changes;
3) ensuring appropriate competence of the personnel KEGOC in the field of sustainable development and IMS;
4) ensuring the development and updating of the Stakeholders Map and ways of interaction with them;
5) monitoring the implementation of sustainable development activities, including those provided to the Board of Directors/Committees of the Board of Directors as part of periodic reporting.
The scope of activity of Samruk-Kazyna and organizations belonging to the group of Samruk-Kazyna companies are of strategic importance for the development of the country's economy, affecting the interests of the vast number of people.
This implies a number of important principles in the activities of the Samruk-Kazyna group: to carefully regard public interest, contribute to the social and economic development of regions in terms of creating a favourable business climate, maintaining decent working conditions as well as social and spiritual well-being of the people.
In this regard, the company aims to ensure stable development of its business, paying special attention not only to the economic, but also the social component.
The group of Samruk-Kazyna companies steadily follows the social responsibility principles such as creation of new jobs, implementation of social programs for staff, sponsorship and charity, holding of environment and education activities.
Sponsorship and charitable activities of Samruk-Kazyna is aimed at reviving the spiritual and national values, supporting culture, science and education, contributing to scientific and technological progress, promoting a healthy lifestyle, helping vulnerable groups, low-income citizens, and supporting sport.
The common policy on charitable assistance of Samruk-Kazyna and organizations belonging to the group of Samruk-Kazyna is implemented by the Samruk-Kazyna Trust Corporate Foundation (info@sk-trust.kz)
Samruk-Kazyna Trust is a Social Development Foundation under the Samruk-Kazyna group of companies, which implements charitable and socially important projects and programs in the Republic of Kazakhstan.
Samruk-Kazyna Trust in close cooperation with the Government of Kazakhstan implements charitable projects in the following areas:
For more information on the Samruk-Kazyna Trust Social Development Foundation , visit the official website www.sk-trust.kz.
Corporate social responsibility for power companies: improving efficiency of the business.
On August 25, 2023, S&P Global, an independent rating agency, assigned KEGOC an ESG rating of S&P Global CSA Score 2023* at 51/100.
The S&P Global CSA Score 2023 (Corporate Sustainability Assessment) is the rating agency's assessment of the Company's performance in three key sustainability segments: Environment (E), Society (S), and Corporate Governance (G), each of which is evaluated based on its importance to the relevant sub-sector. Each of these three metrics gives a more detailed assessment of the Company's performance on ESG problems in comparison to its rivals.
