NAC Kazatomprom says S&P Global Ratings assigned ESG rating to the company

04.01.23 11:18
/KASE, January 4, 2023/ – NAC Kazatomprom JSC (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated December 30, 2022: quote JSC National Atomic Company Kazatomprom ("Kazatomprom", "KAP" or "the Company") announces that S&P Global Ratings ("The rating agency") has assigned the Company an Environmental, Social and Governance (ESG) Evaluation score of 51/100. Kazatomprom's ESG Evaluation score is based on the rating agency's view of the Company's relative exposure to observable ESG- related risks and opportunities, and its qualitative opinion of the Company's long- term sustainability and readiness for emerging trends and potential disruptions. S&P Global Ratings ESG evaluation methodology is based on an assessment of global relative positioning of each industry sector to environmental and social risk exposure, and regional analysis of natural disaster risk, social and governance standards. The Company's current ESG Evaluation score of 51 reflects the mining industry's significant exposure to inherent environmental and social risks, which are partly offset by the Company's effective ESG management practices, primarily related to the highly regulated nature of its businesses at both the local and international levels. Of note, the current global maximum ESG evaluation score among Metal & Mining sector companies is 68 (of 100) with a global Metal & Mining sector average of 50 (of 100). unquote The complete press release is available on KASE website – https://kase.kz/files/emitters/KZAP/kzap_relizs_301222.pdf [2023-01-04]