Occupational health and safety, industrial safety, and the improvement of employees’ working and living conditions remain key priorities for Samruk-Energy Group.

In this regard, in 2025, expenditures on occupational health and safety increased by 40%, while both the headcount of safety personnel and their salary levels were raised. As a result of these comprehensive measures, the number of workplace accidents decreased by more than twofold compared to 2024.

At the same time, large-scale efforts to improve working conditions for operational staff continue. Renovation works have been carried out at almost all power plants, including upgrades to sanitary facilities, showers, staff amenities, and other workplace infrastructure. At several power plants, free meals have been introduced for operational personnel.

In addition to improving working conditions, the Company places strong emphasis on the financial well-being of its workforce. Over the past three years, wages of operational employees across the Samruk-Energy Group have increased by 56%, while the range of social benefits and incentive payments has been significantly expanded.

As a result, Samruk-Energy is systematically strengthening its social environment by ensuring safe, comfortable, and stable working conditions for its employees.

Samruk-Energy JSC continues to consistently implement ESG programs aimed at promoting sustainable development. Sustainable Fitch has reaffirmed Samruk-Energy’s ESG rating at a positive level, positioning the Company among international energy companies with comparable business profiles.

In addition, Samruk-Energy’s Integrated Annual Report ranked first for ESG disclosure in the PwC Kazakhstan rating. For the second consecutive year, the Company received the highest rating of “A+”, reflecting compliance with leading international standards. Samruk-Energy was recognized as a leader among 98 Kazakhstani companies, not only in the overall ranking but also across several key ESG disclosure categories.

Samruk-Energy’s Integrated Annual Report was also awarded a Gold Award at the MarCom Awards, a prestigious international competition organized by the Association of Marketing and Communication Professionals (AMCP). The Company received the gold statuette in the category Publications | Annual Report | Government.

Furthermore, Samruk-Energy earned a five-star rating and the status of “Highest Quality Annual Report” in the RAEX annual report ranking. The Company’s annual report was recognized as one of the best among more than 300 participants.

These awards confirm Samruk-Energy’s high standards of transparency, strong corporate governance practices, and firm commitment to sustainable development principles, as well as the Company’s alignment with international ESG best practices.

Chairman of the Management Board of Samruk-Energy JSC, Kairat Maxutov, and the Mayor of Pavlodar region Asain Baikhanov visited the Ekibastuz energy hub, where they reviewed the implementation of investment projects and signed a Memorandum of Cooperation.

During the visit, Kairat Maxutov and Asain Baikhanov discussed the progress of the autumn–winter operating period and preparations for the upcoming maintenance campaign. They were also briefed on the current status of key investment projects and considered long-term development priorities, including the modernization of Power Unit No. 3 and the digitalization of power units at Ekibastuz SDPP-1.

The head of Samruk-Energy and the regional Akim (mayor) visited the construction site of Ekibastuz SDPP-1, where they reviewed progress on the construction of a new smokestack. Excavation works and drilling of the main piles have been completed, and foundation works for the smokestack are currently underway.

The Chairman of the Management Board of Samruk-Energy also visited Ekibastuz SDPP-2, where he reviewed the implementation of the project to expand and modernize the power plant, including the installation of Power Unit No. 3.

Following the visit, Kairat Maxutov and Asain Baikhanov signed a Memorandum of Cooperation focused on the development of the region’s social infrastructure and the implementation of affordable housing initiatives.

As part of its corporate social responsibility commitments, Samruk-Energy JSC plans to develop a range of social facilities in Ekibastuz, including the construction of a multi-apartment residential building for employees of the Group, two kindergartens, a sports complex, and a modular administrative and amenity facility at the Ekibastuz CHP plant. The total investment in these projects is estimated at approximately KZT 20 billion.

In addition, the Company intends to allocate KZT 100 million annually to urban greening initiatives aimed at improving the city’s environmental conditions.

Samruk-Energy’s social initiatives are designed to enhance the quality of life of power plant employees, support young families, strengthen urban and social infrastructure, and build long-term human capital in the region.

Samruk-Energy JSC has successfully completed a certification audit confirming its compliance with international management system standards, thereby demonstrating a high level of corporate governance and a strong commitment to the principles of sustainable development.

A key outcome of the audit was the award of the ISO 37301:2021 certification for the Compliance Management System. Samruk-Energy JSC has become one of the companies to implement and certify a compliance management system in accordance with this international standard.

The ISO 37301 certification confirms the maturity of the Company’s corporate governance framework, its adherence to high standards of business ethics, and the transparency of its operations.

During the Year of skilled trades, Samruk-Energy demonstrated a strong commitment to its workforce and successfully delivered a comprehensive program aimed at advancing and supporting skilled blue-collar employees across the Group:

The Social Stability Index (SRS) across Samruk-Energy group reached 77%, representing an 8% increase from 2024.
A new collective bargaining agreement for 2025–2027 has been signed, expanding social benefits and improving working conditions.

 Wages for production employees were raised: an 8% increase in 2025, with a planned 10% increase in 2026.
Living and workplace conditions for production staff have been significantly enhanced to ensure safety and comfort.
Samruk-Energy won the HR Brand 2025 award in the “Architect of talent” category among Samruk-Kazyna group portfolio companies.
 More than 20 professional skill competitions were held across subsidiaries (including “Best Engineer,” “Best Mentor,” “Yenbek batyry” “Uzdik maman” and others).
 Around 100 career guidance and outreach activities were organized for school and university students.
Approximately 600 students completed industrial internships or pre-graduation practical trainings  at Samruk-Energy facilities. Among them, four AUPET students were supported by Samruk-Energy to undertake internships at the University of Genoa (Italy).
• As part of the Samruk Umiti initiative, a career guidance program was implemented along with long-term mentorship support for four children from the Ridder orphanage. Young employees of Ust-Kamenogorsk HPP will provide continuous professional and personal mentorship.
• Within the Talimger program, eight orphaned graduates of technical colleges were employed at Samruk-Energy enterprises.
• Around 800 employees were recognized with state, departmental, and corporate honors for their contributions and achievements.

Samruk-Energy will continue implementing initiatives that strengthen the prestige of skilled trades, ensure social stability, and improve working environments across the Group.

Samruk-Energy JSC held a ceremonial event dedicated to Power Industry Workers’ Day. The event was attended by Nurlan Zhakupov, Chairman of the Board of Samruk-Kazyna JSC; Sungat Yesimkhanov, Vice Minister of Energy of the Republic of Kazakhstan; Zhandos Nurmaganbetov, CEO of the Kazenergy Association; and Talgat Temirkhanov, Chairman of the Kazakhstan Electricity Association.

In his welcoming address, Kairat Maxutov, Chairman of the Management Board of Samruk-Energy JSC, congratulated the company’s employees on their professional holiday and expressed gratitude for their dedication and committed work.

“For the first time, Samruk-Energy’s share reached 34% of the total electricity generation in Kazakhstan, making the Company an undisputed industry leader. By the end of the year, growth was achieved across all key operational areas: electricity production, coal mining, transmission, and electricity sales. These results were made possible thanks to your professionalism, responsibility, and coordinated teamwork,” said Kairat Maxutov, Head of Samruk-Energy.

More than 150 employees were recognized for their outstanding contribution to the company and the country’s energy sector with medals, certificates of honor, and letters of appreciation from Samruk-Kazyna JSC, the Ministry of Energy of the Republic of Kazakhstan, Samruk-Energy JSC, the Kazenergy Association, the Kazakhstan Electricity Association, and the Kazakhstan Industry Trade Union of Energy Workers.

The ceremony concluded with a festive concert featuring talented employees of the group of companies.

Samruk-Energy JSC’s Integrated Annual Report ranked first in the annual “Top 50 Companies for ESG Disclosure” ranking, prepared by PwC Kazakhstan based on an analysis of 2024 Annual Reports.

The PwC Kazakhstan ranking serves as an independent tool for assessing the transparency and quality of companies’ environmental, social, and governance (ESG) disclosures in Kazakhstan. It reflects the maturity level of ESG reporting, aligns with modern international non-financial reporting standards, and acts as a benchmark for identifying best practices, improving disclosure quality, including the evaluation of ESG practices, sustainability management systems, and the integration of ESG aspects into corporate strategies.

According to the ranking, Samruk-Energy JSC was recognized as a leader not only overall but also in several key areas of ESG disclosure among 98 Kazakhstani companies:

• Best ESG disclosure in the energy sector
• Best environmental disclosure
• Best sustainability strategy disclosure
• Best social issues disclosure

This achievement confirms Samruk-Energy JSC’s strong corporate reporting culture, systematic approach to sustainable development, and commitment to transparency in its operations.

As part of the official visit of the President of the Republic of Kazakhstan to Japan, Samruk-Energy JSC held a series of discussions with the Mitsubishi Heavy Industries group focused on the long-term modernization of energy assets and the deployment of advanced environmental technologies.

A meeting was held with the participation of the Chairman of the Management Board of Samruk-Kazyna JSC, Nurlan Zhakupov, and the President and CEO of Mitsubishi Heavy Industries, Ltd., Mr. Eisaku Ito. During the discussions, the parties reviewed MHI’s current presence and prospects for expanding its operations in the Republic of Kazakhstan, as well as opportunities for developing a long-term strategic partnership in the energy sector.

Particular attention was given to cooperation at key facilities of the Ekibastuz energy hub, namely Ekibastuz SDPP-1 and Ekibastuz SDPP-2. The discussions covered the application of advanced Mitsubishi Heavy Industries technologies in the modernization of generation capacities, emission reduction, and improvement of the operational reliability of the plants. Opportunities for further joint activities at other Samruk-Energy production facilities were also considered.

Following the discussions, a Strategic Cooperation Agreement was signed between Samruk-Energy JSC and Mitsubishi Heavy Industries Power Environmental Solutions, Ltd. The Agreement provides for the implementation of a modernization program for the Ekibastuz SDPP-1 and Ekibastuz SDPP-2 power plants over the period from 2026 to 2036, with total planned investments of approximately USD 120 million.

The signed document establishes a long-term framework for deepening the partnership, introducing advanced Japanese technologies, and implementing comprehensive solutions aimed at the sustainable development of Kazakhstan’s energy infrastructure.

As part of the official visit of the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev, to Japan and his participation in the Central Asia–Japan Forum, representatives of Samruk-Energy JSC held a series of bilateral meetings with leading Japanese companies in the energy and industrial sectors.

A meeting was held with JERA Co., Inc. (Japan’s Energy for a New Era), during which the parties discussed potential areas of cooperation, including investment opportunities, the application of advanced Japanese technologies in the modernization and reconstruction of existing power generation facilities, as well as the exchange of experience in the use of digitalization and artificial intelligence solutions in the electric power sector.

The parties noted their mutual interest in developing a long-term partnership, including cooperation aimed at improving the efficiency and reliability of energy assets, implementing modern solutions in operations and maintenance, and advancing projects focused on the sustainable development of the energy industry.

In addition, a meeting was held with Mitsui & Company, Ltd., during which Mitsui’s plans to expand its activities in the Republic of Kazakhstan were discussed. The Japanese side noted that the company operates two representative offices in Almaty and Astana, supplies equipment, and participates in the implementation of infrastructure projects.

Following the meetings, the parties agreed to hold an in-person meeting in Astana to further discuss potential areas of cooperation, including investment cooperation, the application of advanced technological solutions at thermal power plants, and the development and implementation of artificial intelligence tools at Samruk-Energy facilities.

Samruk-Energy JSC held a training session for Company employees focused on the Code of Conduct, conflict of interest management, and the operation of the Hotline.

The training was conducted by the Compliance Department as part of the Company’s systematic efforts to develop an anti-corruption culture and strengthen ethical standards.

During the session, participants reviewed the key provisions of Samruk-Energy JSC’s Code of Conduct, employee behavior requirements, procedures for identifying and managing conflicts of interest, as well as the mechanisms of the Hotline, including guarantees of confidentiality and protection for whistleblowers.

The training aims to raise employee awareness and foster a sustainable culture of integrity within Samruk-Energy JSC.