/KASE, December 17, 2024/ – Development Bank of Kazakhstan JSC (KASE
ticker – BRKZ) has announced the following:
quote
December 13, 2024
The Sustainable Fitch rating agency has upgraded the ESG rating of
Development Bank of Kazakhstan JSC from level "3" to level "2," with an overall
score of 64 out of 100 (previously 60 score). This reflects the Bank's effective
efforts in implementing ESG principles in its operations, among its borrowers,
and in the development of sustainable financing.
According to the long-term Strategy for 2024–2033, DBK places special
emphasis on increasing the Bank's contribution to the country's economy,
efficient asset management, and sustainable development. The upgrade in the
ESG rating highlights the Bank's commitment to the principles of sustainable
development, governance, transparency, and social responsibility.
The Agency emphasizes that the Bank's activities have a positive impact on
Kazakhstan's socio-economic development, with a significant share of "green"
and social projects noted in its loan and leasing portfolio.
The DBK has successfully issued "green" and sustainable bonds to support
implementation of sustainable projects and has joined several international
initiatives, including UN Global Compact, Green Investment Principles, and
Global Capacity Building Coalition.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_131224_1.pdf
[2024-12-17]