About the Report

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NC KazMunayGas JSC has been publishing sustainable development reports annually since 2008, and since 2012 it has been publishing reports in accordance with the GRI Sustainability Reporting Standards (GRI). This report reflects KMG’s commitment to transparency and accountability to its stakeholders and covers key aspects of sustainable development, including economic, environmental, and social performance.

The 2024 Sustainable Development Report has been prepared in accordance with the GRI Standards, including the sector-specific standard GRI 11: Oil and Gas Sector 2021. The reporting period is the calendar year from January 1 to December 31, 2024.

To ensure the objectivity and reliability of the disclosed information, the report underwent external verification. The assurance provider was selected through a competitive procurement process in line with the procedures of Samruk-Kazyna JSC.

The reporting boundaries include KMG and its subsidiaries and dependent entities in which the Company holds 50 % or more of the voting shares (ownership interest), as well as legal entities whose operations are under KMG’s control (see section “Reporting Boundaries” for details).

To ensure comparability and data consistency, information is presented in a multi-year dynamic format.

The Sustainable Development Report is approved by the KMG Board of Directors and is communicated to stakeholders by publishing on the corporate website and distributing the printed version.

KMG's Sustainable Development reports are available in Kazakh, Russian, and English on the KMG website: https://www.kmg.kz/en/sustainable-development/. An interactive version of the Report is also published in Kazakh, Russian, and English on the KMG website: https://www.kmg.kz/en/ sustainable-development/.

The report has been prepared in line with the GRI Standards, enabling comparison of performance across different reporting periods.

Guided by international sustainable development initiatives, KMG is a signatory to the UN Global Compact and integrates the Sustainable Development Goals (SDGs) into its core activities. This report outlines the Company’s progress within these frameworks.

The purpose of this report is to inform stakeholders about the Company’s strategic priorities, its efforts in the area of sustainable development, and ESG initiatives that contribute to the creation of long-term value for society and the business.

Reporting Boundaries

The reporting boundaries of NC KazMunayGas JSC encompass subsidiaries and dependent entities in which KMG directly or indirectly holds 50 % or more of the voting shares (ownership interest), as well as legal entities whose operations KMG is entitled to control.

Consolidated Reporting

Reporting Boundaries by Section and Indicator

• Corporate Governance: Includes all KMG subsidiaries and dependent entities, regardless of ownership share.
• Financial and Operating Results: Presented based on consolidated financial reporting prepared in accordance with International Financial Reporting Standards (IFRS).
• Human Resource Management: Covers entities with the largest number of employees.
• Social Policy: Applies to key subsidiaries involved in the implementation of social programs.
• Industrial Safety and Occupational Health: Covers key production companies.
• Water Resource Management: Involves enterprises with significant water use.
• Greenhouse Gas Emissions: Includes the largest entities operating in oil and gas exploration, production, and processing.
• Air Emissions Control: Covers entities with the highest emission volumes.
• Associated Gas Utilization: Applies to companies with the most substantial volumes of associated petroleum gas.
• Energy Use and Efficiency: Encompasses the most energy-intensive operations.
• Waste Management: Includes the largest entities involved in oil and gas exploration, production, and processing.