The Fund’s Development Strategy until 2028 which defines Corporate Governance and Sustainable Development as one of the three strategic goals of the Fund for the next decade, was approved by the Sole Shareholder of the Fund in 2018. As part of this strategic goal, we are planning to continue to achieve a high level of Corporate Governance and Sustainable Development, to increase the Corporate Governance in the Fund and Portfolio companies, to increase human resources, and to ensure the implementation of meritocracy principles. The new strategy also provides for the implementation of sponsorship initiatives, as well as Sustainable Development initiatives identified by the Fund. The Fund will implement measures and indicators within the Concept of the Republic of Kazakhstan for the transition to the green economy.
Based on the results of the implementation of this strategic goal it is expected to create a management system that ensures the achievement of improved indicators in Sustainable Development, labor protection, health and environment, improved economic indicators and financial stability, anti-corruption, increased Corporate Governance rating and social stability rating.
Strategic goal - Sustainable Development, performance of companies, portfolio management.
Sustainable Development Goals
On January 1, 2016, the world has officially launched the 2030 Agenda for Sustainable Development - an active transformation plan based on 17 Sustainable Development goals - to address pressing global challenges over the next fifteen years.
The 17 Sustainable Development goals and 169 tasks (SDGs) are aimed at realizing human rights for all. They are complex and indivisible to ensure the balance of the three components of Sustainable Development: economic, social, and environmental. These tasks and goals will stimulate the actions of national governments over the next 15 years in the areas of great importance to humanity and the planet. We have adopted nine goals for the activities of the Fund Group, the achievement of which will contribute in the course of its core business. The current activities also integrate tasks that enable the achievement of the remaining UN sustainability goals. The Sustainable Development goals and objectives of the Fund Group are consistent with the UN selected Sustainable Development priorities.
In order to understand the needs of stakeholders and determine what the Fund’s Sustainable Development is for them, we conducted a materiality analysis.
At the first stage, it was proposed to determine a list of aspects of Sustainable Development related to the activities of the Fund and their impact.
Based on the results of the survey and discussions with all key stakeholders to identify significant aspects, we identified 17 topics related to sustainability that are important for the Fund and our stakeholders.
Comprehensively covering economic, environmental and social aspects on the path of Sustainable Development, the Fund seeks to ensure an interactive dialogue with all interested parties and create additional value.
The Fund's interaction with stakeholders is focused on achieving the goals of Sustainable Development and harmonizing the interests of all stakeholders. Interaction with stakeholders is based on the principles of respect for interests and cooperation
The Fund sees its social responsibility in being a reliable partner for stakeholders. We conduct a dialogue and build relations with stakeholders on the basis of the principles of mutual respect and partnership, information transparency, regularity of interaction and faithful observance of commitments undertaken.
The Fund uses a Standard process of Stakeholder engagement in accordance with AA1000 SES:
Principles of interaction with stakeholders
Implementation Methods of Sustainability Initiatives