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KazMunayGas Maintains Stable Medium Level of ESG Risk Ratings

06.10.2022

Sustainalytics agency has conducted an end-to-end performance study of JSC NC “KazMunayGas” (KMG, the Company) in the sphere of environment, social policy and corporate Governance (ESG).

The rating agency has given KMG’s ESG risk management a score of 28.5. The Company is exposed to a medium risk of material effect from ESG factors. In the comparative rating, KMG has ranked 18th among 250 global oil-and-gas companies, rated by Sustainalytics.  Detailed information on Sustainalytics’ rating is available at link.

We have maintained the rating level, despite the realized health and safety risks. КМГ obtained a high expert rating for the community outreach in the regions of presence, tax payment transparency, and commitment to conservation of environment and biodiversity. Furthermore, the report by Sustainalytics’ experts highly rated the corporate governance in KMG group and highlighted its commitment to high business ethics standards.

Being the national operator, representing the state in the RoK's oil and gas sector, KMG will continue the efforts to improve its operations to meet the highest sustainable development standards. The Company will direct its efforts to the avoidance and prevention of industrial accidents, consistent reduction in the greenhouse gas emissions, improvement of the social and environmental performance in the regions of presence.

In order to raise the transparency of the ESG disclosures, KMG has been publishing on an annual basis since 2012 the sustainability reporting according to the GRI Standards.

 

JSC NC KazMunayGas

Sustainalytics agency has conducted an end-to-end performance study of JSC NC “KazMunayGas” (KMG, the Company) in the sphere of environment, social policy and corporate Governance (ESG).

The rating agency has given KMG’s ESG risk management a score of 28.5. The Company is exposed to a medium risk of material effect from ESG factors. In the comparative rating, KMG has ranked 18th among 250 global oil-and-gas companies, rated by Sustainalytics.  Detailed information on Sustainalytics’ rating is available at link.

We have maintained the rating level, despite the realized health and safety risks. КМГ obtained a high expert rating for the community outreach in the regions of presence, tax payment transparency, and commitment to conservation of environment and biodiversity. Furthermore, the report by Sustainalytics’ experts highly rated the corporate governance in KMG group and highlighted its commitment to high business ethics standards.

Being the national operator, representing the state in the RoK's oil and gas sector, KMG will continue the efforts to improve its operations to meet the highest sustainable development standards. The Company will direct its efforts to the avoidance and prevention of industrial accidents, consistent reduction in the greenhouse gas emissions, improvement of the social and environmental performance in the regions of presence.

In order to raise the transparency of the ESG disclosures, KMG has been publishing on an annual basis since 2012 the sustainability reporting according to the GRI Standards.

 
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