SUSTAINABLE DEVELOPMENT REPORT
OF NC KAZMUNAYGAS JSC FOR 2024

GRI 2-28

NC KazMunayGas JSC actively participates in international and national initiatives aimed at sustainable development, environmental protection, reducing environmental impact, and enhancing safety standards.

Climate and Environmental Initiatives


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World Bank’s “Zero Routine Flaring by 2030” Initiative

World Bank’s “Zero Routine Flaring by 2030” Initiative

KMG has supported the initiative since 2015, working to minimize associated gas flaring.

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CDP (Carbon Disclosure Project)

CDP (Carbon Disclosure Project)

KMG annually discloses GHG emissions and water footprint data for all Group assets.

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Oil and Gas Methane Partnership 2.0 (UNEP)

Oil and Gas Methane Partnership 2.0 (UNEP)

Joined in 2023 to enhance methane reporting transparency and reduction efforts.

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Global Methane Initiative (GMI)

Global Methane Initiative (GMI)

Since 2017, KMG has participated in the GMI network, implementing methane reduction and utilization projects.

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Caspian Environmental Protection Initiative (CEPI)

Caspian Environmental Protection Initiative (CEPI)

Participating since 2020 to support environmental protection in the Caspian region.

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Oil and Gas Decarbonisation Charter

Oil and Gas Decarbonisation Charter

Participating since 2023 following accession at COP28, to support carbon footprint reduction in the sector.

Safety, Emergency Preparedness, and Oil Spill Response


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Oil Spill Preparedness Regional Initiative (OSPRI)

Oil Spill Preparedness Regional Initiative (OSPRI)

Engagement with IPIECA and the International Maritime Organization to prevent and respond to oil spills.

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Oil Spill Response Limited (OSRL)

Oil Spill Response Limited (OSRL)

Member of the global oil spill response organization.

National and International Associations


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National Chamber of Entrepreneurs “Atameken”

National Chamber of Entrepreneurs “Atameken”

Cooperation on legal and regulatory matters.

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UN Global Compact

UN Global Compact

A signatory since 2006; KMG annually publishes its Communication on Progress.

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KazWeld – Kazakhstan Welding Association

KazWeld – Kazakhstan Welding Association

Promotes development of welding technologies and specialist training to international standards.

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Union of Mechanical Engineers of Kazakhstan

Union of Mechanical Engineers of Kazakhstan

Supports the engineering sector and promotes industrial collaboration.

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Qazaq Green – Association for Renewable Energy

Qazaq Green – Association for Renewable Energy

Advances renewable energy competencies.

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KAZENERGY

KAZENERGY

Active in committees and working groups; chairs the Coordination Council on Ecology and Social Responsibility.

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International Association of Oil and Gas Producers (IOGP)

International Association of Oil and Gas Producers (IOGP)

Member since 2018, implementing international safety standards.

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New Kazakhstan Taxpayers’ Association

New Kazakhstan Taxpayers’ Association

Focuses on improving tax legislation and corporate tax literacy.

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Association of Producers and Consumers of Petrochemical Products

Association of Producers and Consumers of Petrochemical Products

Promotes sustainable development of Kazakhstan’s petrochemical sector.

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Ecojer

Ecojer

Member of the association for regional environmental initiatives since 2021.

Social and Professional Initiatives


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Collaboration with the NGO Veterans of the Oil and Gas Sector

Collaboration with the NGO Veterans of the Oil and Gas Sector

Since 2021, KMG has worked with the expert council of industry veterans to facilitate knowledge transfer and advisory support.

Information Disclosure


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PwC Kazakhstan top 50 for Non-Financial Disclosure

PwC Kazakhstan top 50 for Non-Financial Disclosure

KMG consistently ranks in the top 5 for ESG information disclosure in corporate reports.

The ESG Disclosure Rating, conducted by PwC Kazakhstan, is an annual analysis of the quality and completeness of sustainable development disclosures by Kazakhstani companies. The Rating evaluates annual reports and sustainability reports, including integrated and social reports, with the aim of identifying leaders and providing recommendations for improving disclosure practices.

The assessment is conducted across the following key areas: Sustainable Development Strategy, Corporate Governance, Social Policy and Human Resource Management, Environmental Impacts and Their Management, Reporting Practices and Compliance with International Standards. Companies are evaluated based on 76 criteria.

The goal of the rating is to support the development of ESG reporting in Kazakhstan and contribute to improving the quality of sustainable development management in the country.

KMG continues to foster partnerships and integrate global best practices in sustainability, environmental stewardship, and safety.