/KASE, December 27, 2023/ – National managing holding "Baiterek" JSC
(Astana), whose bonds are officially listed on Kazakhstan Stock Exchange
(KASE), has provided KASE with the following press release dated December
22, 2023:
quote
For the first time, Sustainable Fitch has granted Baiterek Holding an ESG rating
of "3" accompanied by a score of 57. This rating evaluates the company's
strategic approach and initiatives in the realm of sustainable development.
Notably, it takes into consideration ESG factors integrated into financial
operations, social commitments, and management practices.
Sustainable Fitch expressed a favorable view of Baiterek Holding's emphasis on
social considerations, particularly highlighting the financial support provided
to SMEs through its subsidiaries, namely Qazaqstan Investment Corporation
(QIC), Damu Entrepreneurship Development Fund, and Bereke Bank JSC.
Additionally, Sustainable Fitch recognized housing programs, including those
targeting underprivileged populations, implemented by Otbasy Bank and
Kazakhstan Housing Company. The agency also noted the promotion of product
exports from manufacturing industries by KazakhExport.
The positive evaluation extends to the adoption of green financing within
Development Bank of Kazakhstan, Damu, QIC, and Agrarian Credit Corporation.
unquote
The complete press release is available in Kazakh, Russian and English at –
https://kase.kz/files/emitters/BTRK/btrk_relizs_221223.pdf
[2023-12-27]