NC KazMunayGas JSC operates in accordance with its Code of Business Ethics (hereinafter – the Code), which was updated at the beginning of 2025. The provisions of the Code are mandatory for all employees, including top management. The Code also extends to subsidiaries and dependent entities, as well as business partners and contractors.
The Code sets out the fundamental principles of ethical conduct that form the foundation of the Company’s corporate culture:
- Ethical conduct – adherence to high moral standards, respect for traditions, cultural differences, and applicable laws.
- Professionalism – continuous development of competencies, responsible job performance, and striving for excellence.
- Fairness and meritocracy – equal opportunities for all employees, transparent recruitment and promotion procedures.
- Respect – appropriate interaction with colleagues, partners, shareholders, government agencies, and other stakeholders.
- Openness – honesty and transparency in business processes, open information sharing, and constructive dialogue.
- Environmental responsibility – compliance with environmental standards and rational use of resources.
- Occupational health and safety – ensuring safe working conditions and minimizing the risk of accidents.
- Sustainable development principles – taking into account the long-term interests of the Company, society, and future generations.
- Prohibition of discrimination and harassment – zero tolerance for coercion, intimidation, or unethical behavior.
Compliance with the Code is monitored by the Company’s Compliance Service and Ombudsperson’s Office. All employees are required to read the Code and confirm their agreement with its provisions. Violations of the Code may result in disciplinary action in accordance with internal policies and the laws of the Republic of Kazakhstan.
The Company ensures the availability of confidential and accessible mechanisms for reporting potential violations of the Code and guarantees protection from retaliation for good faith reporting, fostering an open and ethical corporate environment.
