Initiatives and Memberships
Initiatives
The World Bank Initiative “Complete cessation of regular flaring of APG by 2030”
KMG supported this initiative in 2015. It unites governments, oil companies and development organisations that are ready to cooperate to stop the practice of regular associated petroleum gas (APG) flaring by 2030. Our goal is to increase the beneficial use and
Global Methane Initiative
KMG supports the Global Methane Initiative (GMI) and regularly discloses its environmental activities to all stakeholders in the Sustainability Report. In 2017, as part of its methane emission reduction activities, KMG joined the GMI Project Network, which is a growing community of private sector entities, financial institutions, and other governmental and non-governmental organisations interested in methane emission reduction projects, and in methane recovery and use.
CDP Climate Programme
In 2021, KMG published a 2020 Greenhouse Gas Emissions Report as part of the CDP (Carbon Disclosure Project) Climate Programme. The Report contains data on direct and indirect greenhouse gas emissions for all KMG assets, including subsidiaries in Romania and Georgia. For the first time, the CDP Water Security Questionnaire for 2019 was published.
Environmental Responsibility Rating of Oil and Gas Companies in Kazakhstan
As a result of its efforts to improve environmental performance, and to achieve openness and transparency in this area, for the fifth consecutive year, KMG has been ranked first in the Environmental Data Transparency Rating among oil and gas companies in the Republic of Kazakhstan based on the assessment of independent experts of the World Wildlife Fund (WWF), Creon Group and ACRA rating agency.
The Company continues to pursue the path of environmentally responsible business, developing its environmental management system and engaging in dialogue with all stakeholders on this issue, thereby fulfilling its obligations reflected in the Company’s Environmental Policy
Caspian Environmental Protection Initiative (CEPI)
In September 2020, the Memorandum of Understanding was singed in Baku between JSC NC “KazMunayGas”, the state oil company of the Azerbaijan Republic, BP Exploration (Caspian Sea) Limited, Equinor Apsheron AS and TOTAL E&P Absheron B.V. The Memorandum involves creation of Caspian Environmental Protection Initiative. The main goals of the Initiative will be creating the first platform for environmental protection and joint research of international oil companies operating in the region. Activities of the participating companies will be aimed at active joint efforts in order to resolve climate change problems threatening the Caspian Region’s ecological stability and prevent environmental emissions of greenhouse gases and harmful substances. KMG participated in a number of CEPI meetings in 2021.
Oil Spill Preparedness Regional Initiative (OSPRI)
The Initiative is aimed at assistance and support of oil industry and the regional government in joint work contributing to making the accepted, reliable, integrated and sustainable national, regional and international decisions regarding oil spill response. The initiative is implemented through IPIECA, the global oil and gas industry association for ecological and social issues (www. ipieca.org). For IPIECA, OSPRI is the regional means of implementing the international efforts on assistance to Oil Spill Preparedness, in close cooperation with International Marine Organisation (IMO – www.imo.org) and other international organisations.
Initiative of Engagement with Republican Public Association “Oil & Gas Industry Veterans” (VNGK)
The mission of RPA “Oil & Gas Industry Veterans” is creating the conditions for interactive communication of industry veterans, meeting their professional and amateur interests aimed at development of the oil and gas industry, using their potential and experience in operations, active participation in the life of society, transferring their life and professional experience to the younger generation of oil workers.
In 2021, a Memorandum of Understanding and Cooperation was signed between JSC NC “KazMunayGas” and RPA “Oil & Gas Industry Veterans”. It was agreed in the Memorandum to utilise the practical experience, scientific, technical and intellectual potential of oil & gas industry veterans. The Expert Council of oil & gas industry veterans of JSC NC “KazMunayGas” has been established. The key objectives of the Council are developing the recommendations for implementation of KMG’s strategic programmes in the field of technological and digital development of the oil and gas industry, discussing public initiatives related to oil and gas industry development, participating in developing expert recommendations for the regulatory framework of the oil and gas industry, preparing expert opinions on issues significantly affecting the operations of KMG, providing analytical, expert, informational and advisory support in the operations of KMG.
Membership
Kazakhstan Association of Oil, Gas and Energy Sector Organisations “KAZENERGY”
The KMG management is involved in the activities of several committees and working groups of the Association. The chairmanship in the Coordination Council of KAZENERGY for ecology, social responsibility and transparency is an opportunity for KMG to promote sustainable development in the oil and gas sector of Kazakhstan.
KMG and Kazakhstan Association of Oil, Gas and Energy Sector Organisations “KAZENERGY” have entered into a Memorandum of Cooperation.
The Memorandum provides for joint activities in such key legal areas as improvement of the RoK legislation; development of joint programmes and projects aimed at raising legal culture; cooperation in holding round tables, seminars, conferences on topical issues in the legal field, etc.
National Chamber of Entrepreneurs of the RoK “Atameken”
KMG and the National Chamber of Entrepreneurs of the RoK “Atameken” entered into an agreement on cooperation in legal matters. The agreement provides for interaction of the parties in such important legal areas as improvement of legislation, development of joint programmes and projects aimed at raising legal culture, expanding the role of arbitration in resolution of commercial disputes, etc.
The UN Global Compact
Our membership in the UN Global Compact and the annual posting of the Sustainability Report on the UNGC website to show KMG’s progress in promoting the principles of the Global Compact and 17 Global Sustainable Development Goals clearly demonstrate our commitment to the principles of sustainable development.
KMG ranks first in Top 50 of PwC Kazakhstan’s ESG Disclosure Rating
For the second consecutive year, JSC NC “KazMunayGas” ranks first among the top 50 companies in disclosure of non-financial information in corporate reports. The rating was prepared by PwC Kazakhstan and included 96 companies. The survey assessed the quality and availability of ESG information in annual reports and sustainability reports of Kazakh companies published in 2021. The purpose of the rating is to assess how Kazakh companies disclose ESG information, identify best practices and provide recommendations for further development. The rating methodology includes 76 criteria. A score is given for each criterion (from 1 to 10). The assessment criteria included such disclosures units as sustainable development management, social policy, environmental impacts and corporate governance. Additional points were awarded for the clarity and quality of presented information. “The quality of ESG disclosure in the reports of Kazakh companies continues to improve. The most notable quality improvement of disclosures is in Sustainable Development Management unit, where the description of ESG policies and approaches and sustainable development strategy disclosures were rated. The Companies more often follow the international initiatives. More companies said they support the UN Sustainable Development Goals (46% in 2020 versus 30% in 2019),” PwC Kazakhstan said in its report.
To see the rating, please visit: https://www.pwc.com/kz/en/assets/pdf/top-50.pdf
International Association of Oil and Gas Producers IOGP
Since 2018, KMG has been a full member of the International Association of Oil and Gas Producers. Our HSE statistics will be publicly available, and our performance indicators will be compared to those of more than 75 oil and gas companies worldwide. Our goal is to be among Top 20 companies on this list.
Kazakhstan Association of Regional Environmental Initiatives “Ecojer”
A number of KMG subsidiaries and associated companies joined the Kazakhstan Association of Regional Environmental Initiatives “Ecojer” at the end of 2021. The goal of the Association is to consolidate the business community and civil society to represent and defend common interests and promote environmental protection activities based on a balanced approach between public policy areas, the concerned public and the need to develop economic potential.
International association for emergency oil spill response, Oil Spill Response Limited (OSRL)
Oil Spill Response Limited (OSRL) is a British company established in 1985 and specializing in oil spill response and offering its services worldwide. More than a hundred world companies are members of the OSRL. The Company pays primary attention to prevention and removal of oil contaminations not only offshore but also in coastal areas.
KASE AWARDED THE ORGANISATIONS FOLLOWING THE 2020 ANNUAL REPORT COMPETITION
The Kazakhstan Stock Exchange (KASE) held an awards ceremony on 15 March 2022 for companies following the 2020 annual report competition. Joint-Stock Company “National Company “KazMunayGas” won in the Best 2020 Sustainability Report category.