Sustainable development

Responsible investment

One of the strategic objectives of QIC is to assist in development of sustainable business based on internationally recognized environmental, social and management standards.

Today, QIC is working on transition to a model of "responsible investment". QIC strives to implement ESG factor assessment at all stages of the investment process - search for project proposals, making investment decisions, monitoring the life cycle of funded projects (including environmental and social impact assessment) and exit from the project.

The main goal of implementing the practice of "responsible investment" is to reduce the risks caused by portfolio companies on society and the environment, and to increase the sustainability of companies' business processes for development of their competitiveness.

Sustainable development policy

Thus, in order to increase the positive environmental and social effects from the implementation of projects, the QIC Board of Directors updated the QIC Sustainable Development Policy, which developed environmental and social requirements for recipients of investments and procedures for their application as part of the process of providing financial support and further monitoring of project implementation.

In implementation of QIC Sustainable Development Policy, QIC Sustainable Development Action Plan for 2023-2024 was approved, providing measures aimed at introducing the principles of sustainable development into QIC investment and operational processes, as well as improving intra-group corporate governance practices.

Sustainability reporting

Since 2022, in order to comply with international standards in the field of public non-financial reporting, QIC has been implementing the practice of information disclosure in accordance with the Guidelines for Reporting in the Field of Sustainable Development of the Global Reporting Initiative GRI (Global Reporting Initiative).

Our company is aware that an integral part of the work in this direction is high-quality and timely interaction with stakeholders. Work with our stakeholders is carried out within the framework of the Stakeholder Map, which is updated on an ongoing basis by the decision of the QIC Board of Directors. The stakeholder map defines the list of key stakeholders and the degree of their influence. The map also allows systematizing information about the impact of Company on each group of stakeholders and develop an effective strategy for interaction.

United Nations Association for Responsible Investment

As part of transition to "responsible investment" model, QIC joined the UN Principles of Responsible Investments Association in 2022. The members of the Association are international private equity funds and investment companies with activities aimed at developing the concept of "responsible investment" by introducing ESG standards into investment activities.

Joining the Association will increase the internal competencies of the company's employees in the field of responsible investment and will provide an opportunity to assess the progress of integrating ESG standards into business processes on an annual basis.

«Green» projects

QIC pays special attention to the implementation of "green" projects aimed at reducing the amount of carbon dioxide emissions into the environment, improving the welfare and quality of life of the country's population while minimizing the environmental burden and degradation of natural resources.

Today, QIC's investment portfolio includes the following implemented projects in the field of renewable energy sources with a total capacity of 82 MW.

1. The Baikonur solar power plant with a capacity of 50 MW in the Shieli district of the Kyzylorda region;
2. Kengir solar power plant with a capacity of 10 MW in the Karaganda region;
3. Hydroelectric power plant on Koksu River with a capacity of 7 MW in the Zhetysu region.
4. Arctic Green Energy China with a capacity of 15 MW geothermal resources exploration and geothermal production project.
By the end of 2023, the share of green projects in the QIC portfolio is 9.2%.

Gender equality

Evaluation of the results on the success of achieving gender equality in the framework of the QIC's accession to the UN initiative "Women Empowerment Principles"

Qazaqstan Investment Corporation JSC has joined the UN global initiative "Women Empowerment Principles" (WEP). In August 2022, the company was successfully registered on the global WEP platform with the support of the UN Women Structure.

The signing of the WEP Principles is a public indication of QIC's interest and active position in promoting gender equality and women's empowerment.

Joining WEPs provides a number of practical benefits for organizations. Participants have access to online resources, including an extensive database of tools, materials and guides that help in the development and implementation of gender policy.

For example, QIC employees participate in training courses and webinars on gender equality and women's leadership, which helps to improve the skills of employees.

In addition, joining WEPs opens up opportunities for networking with an international network of companies and organizations working in this field, which allows you to share experiences and best practices. Participants also have access to tools to evaluate ongoing processes and develop strategies to improve the status of women in the organization.

In general, joining WEPs contributes not only to strengthening internal processes, but also to active participation in global efforts to support gender equality.

Thus, in its operational activities, QIC strives to improve gender equality within the company.

QIC does not discriminate on the basis of gender or gender, and adheres to the principles of ensuring equal opportunities for men and women in hiring, remuneration, evaluation, access to training, professional development and promotion.

As part of its philosophy and values, QIC strives to contribute to women's economic empowerment and works to create financial instruments to improve women entrepreneurs' access to financing sources.

Assigning an ESG rating

In 2023, the Sustainable division of the international rating agency Fitch assigned the Corporation an ESG rating of '3' with an overall score of 59. This rating reflects QIC's strong commitment to the principles of sustainable development.

The ESG rating is determined by the company's business orientation towards sustainable development, the broad integration of ESG issues into its investment and operational activities, as well as a good profile of corporate governance.