/KASE, October 23, 2020/ – National company "KazMunayGaz" (Nur-Sultan),
whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release of October 23, 2020:
quote
In 2020, the sustainable development activities of JSC NC "KazMunayGas"
(KMG) have been rated at the international level by the Sustainalytics rating
agency for the first time.
Sustainalytics gives KMG a rating of 69 points, which reflects the company's
rather high sustainability indicators (ranks 33rd in the world out of 119
industry players). It ought to be noted that its ESG Risk Rating is 34.5
points. In terms of the ESG Rating components, KMG has been rated as follows:
Environmental - 69 points, Social - 70 points and Governance – 67 points.
Compliance with ESG principles implies the implementation of best
Environmental, Social and Governance practices. The framework was formulated
about 15 years ago by the UN in the form of Principles for Responsible
Investment.
Sustainalytics' high rating confirms the strategic commitment and responsibility
of KMGto current and future generations in terms of environmental health and
social stability, along with a continuous process of corporate governance
improvement.
As a national operator representing the interests of the state in the oil and
gas industry of the Republic of Kazakhstan, KMG will continue to improve its
operations to meet the highest sustainability standards.
In order to enhance the transparency of its ESG disclosures, since 2012, KMG
has been publishing annual reports in accordance with the GRI Standards.
*Sustainalytics is an independent ESG research, ratings and analysis firm
supporting investors around the world with the development and implementation
of responsible investment strategies
unquote
The complete press release is available on KASE website:
-
https://kase.kz/files/emitters/KMGZ/kmgz_reliz_231020_1.pdf – in Russian;
-
https://kase.kz/files/emitters/KMGZ/kmgz_reliz_231020_en.pdf – in English.
[2020-10-23]