Revised Methodology for preparing report based on Environmental, Social and Governance criteria to become effective on March 15, 2018
14.03.18 18:25
/KASE, March 14, 2018/ – By the decision of the Management Board of Kazakhstan
Stock Exchange (KASE or Exchange) dated March 14, 2018, the revised version of
the KASE internal document "Methodology for preparing report based on environmental,
social responsibility and corporate governance criteria" (Methodology) to become
effective on March 15, 2018 has been approved.
Revised Methodology is developed to update previous methodology, which is the
instruction on preparing report based environmental, social responsibility and
corporate governance criteria (Environmental, Social and Governance (ESG)) for
listed companies and members of the Exchange. Revised Methodology was developed
with the support of the International Finance Corporation (IFC) and includes best
international practice on ESG reporting:
- Global Reporting Initiative (GRI);
- International Integrated Reporting Committee (IIRC);
- Sustainable Accounting Standards Board (SASB);
- many initiatives among stock exchanges within the framework of the Sustainable
Stock Exchanges Initiative including Malaysia, Brazil, Singapore and Hong Kong.
The methodology is developed on the basis of the IFC standards in the field of
environmental protection practices, social and corporate governance issues,
including:
- IFC performance standards on environmental and social sustainability;
- ESG Progression Matrix;
- IFC Progression Matrix on environmental, social responsibility and corporate
governance criteria;
- IFC Transparency and Disclosure Toolkit.
The list of key performance indicators with respect to these issues and the
guidance on industry specifications is presented there.
Current version of the Methodology will cease to be in force as of March 15, 2018.
The revised version of the Methodology will be published on KASE website at the
earliest possible time.
[2018-03-14]