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Our approach
According to the Development Strategy of “Samruk-Energy” JSC for 2024-2033, reduction of net carbon footprint is among strategic goals of the Company, and one of key development priorities is the consistency of environmental (E), social (S) and governance (G) principles. The Company has sought to contribute to the structure of the national economy, promoting the development of renewable energy sources, maximum reduction of air emissions and the improvement of the ecosystem. The Company’s primary concern is not only to ensure survival in high-risk conditions through proper forecasting and planning, but also to turn risks into opportunities and prepare for an unforeseen future.
The main documents of “Samruk-Energy” JSC that ensure the implementation of sustainable development principles are the Sustainable Development Guidelines, the Corporate Governance Code, Corporate governance system policy, Human Resources Policy and other internal regulatory documents.
In accordance with the Corporate Governance Code of “Samruk-Energy” JSC, we comply with the following principles in sustainable development:
- Openness
- Accountability
- Transparency
- Ethical behavior
- Respect for the interests of stakeholders
- Legality
- Respect for human rights
- Zero tolerance against corruption
- Inadmissibility of conflicts of interest
- Personal example
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Sustainable development goals
“Samruk-Energy” JSC, while incorporating sustainable development principles into its business, is committed to 17 Sustainable Development Goals (hereinafter - SDG). The company recognizes that the environmental and social issues that each SDG addresses are relevant and influences any organization.
A detailed description about SDG applicable to the Company is presented on the company’s website in “To shareholders and investors” section, Annual Reports about the Company’s operating results.
Certificates confirming compliance with the requirements of international standards: ISO 9001, ISO 14001, ISO 45001, ISO 5000, ISO 37001. 1, ISO 37001.
In 2024, the external supervisory audit of the corporate management system was successfully completed in compliance with international standards ISO 9001, ISO 14001, ISO 45001, ISO 50001, and ISO 37001. These international standards apply to LLP "Ekibastuz GRES-1 named after B. Nurzhanov," JSC "Ekibastuz GRES-2 Station," JSC "Almaty Power Stations," JSC "Moynak HPP," LLP "Samruk Green Energy," JSC "Alatau Zharyk Company," LLP "AlmatyEnergoSbyt," JSC "Shardara HPP," LLP "First Wind Power Plant," and the corporate center of JSC "Samruk-Energo."
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Our approach
“Samruk-Energy” JSC, a leading company in the energy sector, places significant emphasis on environmental safety, adhering to the laws of the Republic of Kazakhstan, the ISO 14001 international standard, and the best practices in sustainable development. We acknowledge our responsibility for environmental oversight, actively pursue energy-efficient projects, and pledge to consistently release comprehensive reports on environmental conditions to ensure transparency and uphold high standards of environmental safety.
The Company has established several crucial documents that lay down the principles and regulations governing environmental protection within the company. These include:
- the Corporate Management System Policy,
- the Corporate Standard for Environmental Management at “Samruk-Energy” JSC group of companies
- the Guidance on Environmental Emergencies and Responses.
- Enterprise Standard "Incident Accounting and Investigation"
The principles and rules of “Samruk-Energy” JSC in environmental protection encompass all activities and apply to everyone in the Company, including employees, suppliers of goods and services, and contractors we work with.
As part of our strategy to ensure comprehensive industrial and environmental safety, we have developed an Environmental Management System (EMS). This system undergoes regular assessments by independent international experts to ensure compliance with international standards and is continuously refined. Within the EMS framework, we have established a Guide to Actions in Environmental Emergencies, detailing procedures, response protocols, and the organization of emergency response teams. This guide is regularly updated following natural disasters and is informed by modern and effective practices.
In 2023, a successful internal audit was conducted under the Corporate Management System Program, achieving its objectives through interviews, document analysis, and management activity observations. The audit aimed to verify compliance with international standards such as ISO 9001, ISO 14001, ISO 45001, ISO 50001, and ISO 37001. It is noteworthy that these standards apply universally across all subsidiaries and affiliates of the Company, ensuring consistent high standards in quality, environmental safety, health, and energy efficiency throughout the entire organization.
Furthermore, in 2023, all planned environmental protection measures were executed, encompassing initiatives to safeguard air, water, and land resources, protect flora and fauna, and promote biodiversity conservation.
A significant achievement was the test launch of the automated emissions monitoring system (AMS) at the “ESDPP-2” JSC facility on March 17, 2023, conducted in accordance with the environmental requirements of the Republic of Kazakhstan..
In 2023, projects were launched to build new ССGT units at CHP-2 and CHP-3 in Almaty, aiming to replace outdated coal-fired equipment with modern, environmentally friendly combined-cycle gas turbine units. The "Modernization of Almaty CHP-2 with Minimization of Environmental Impact" project includes decommissioning the current CHP-2 capacities after the new gas-fired station is commissioned. The "Reconstruction of Almaty CHP-3 (with construction of a combined-cycle gas turbine unit with a capacity of at least 450 MW)" project involves replacing the existing equipment with modern combined-cycle gas turbine units, ensuring the complete amortization of outdated equipment and minimizing environmental impact.
Environmental protection expenditures
Understanding our duty to safeguard the environment for both present and future generations, we actively invest substantial resources in environmental initiatives to reduce the impact of our activities.
In 2023, we notably increased our environmental protection spending, allocating 24.4 million tenge—244% more than the previous year's expenditure. This increase demonstrates the company's intensified focus on environmental concerns and its dedication to improving the environmental safety of its operations.
We also paid more than 8.5 billion tenge in regulatory payments for emissions (tax).
Environmental benchmarking
Environmental benchmarking is a technique used by “Samruk-Energy” JSC to evaluate and manage its environmental performance by comparing its operations with those of leading companies in the market and industry. This process enables the company to examine international practices in environmental management and adopt the best approaches in its own production. Due to the absence of publicly accessible environmental performance data for companies in 2023, the analysis relied on data from 2020 to 2022.
The two key indicators selected for benchmarking are:
- Fresh water usage for both technological and domestic purposes within the company's operations.
- Greenhouse Gas Emissions: The assessment considers both direct emissions (Scope 1) and indirect emissions (Scope 2) of greenhouse gases.
To determine the environmental trend, the largest companies in the energy sector of Kazakhstan and the world were analyzed, namely:
- Enel;
- ERG;
- PJSC RusHydro.
The companies vary in their capacity and the volume of electricity generated, making the comparative analysis of specific indicators for greenhouse gas emissions and fresh water intake somewhat conditional.
Based on the findings, “Samruk-Energy” JSC demonstrates the following trends:
- There has been an annual decrease in specific greenhouse gas (GHG) emissions: by 13% in 2021 and by 19% in 2022. In contrast, ERG and Enel show similar indicators, while PJSC RusHydro has experienced an increase in specific GHG emissions: by 5% in 2021 and by 9.5% in 2022.
- The average specific water intake from 2020 to 2022 was 6.37 m3/thousand kWh, which is significantly higher compared to Enel (0.3 m3/thousand kWh) by 21 times and PJSC RusHydro by 33% (4.8 m3/thousand kWh). However, it is substantially lower than ERG, which is higher by 16.16 times (103 m3/thousand kWh).
Upon analyzing the sustainability approaches of the aforementioned companies, it is evident that “Samruk-Energy” JSC should continue its efforts to reduce its carbon footprint. This entails focusing on adopting modern technologies and methods to further decrease greenhouse gas emissions. Additionally, the company should persist in modernizing its primary and ancillary equipment to minimize water intake for operational needs.
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Pollutant emissions
"Samruk-Energy" JSC remains dedicated to reducing atmospheric pollutant emissions and systematically implements various measures aimed at actively decreasing pollutant levels.
In 2023, the following key initiatives were completed:
- Extensive maintenance of boiler burners
- Restoration of fuel supply aspiration systems
- Repair of electrostatic precipitators to enhance air purification
- Upgrade of the hydraulic ash and slag removal system
- Overhaul of dust and gas cleaning units
- Implementation of an advanced automatic emission control system for harmful substances
- Effective waste management practices
- Equipment maintenance and adjustment to meet operational standards
- Optimization of overburden management, reducing external dump volumes by 54,455,719 tons
- Greenhouse gas emissions inventory for accurate monitoring and control
We conduct continuous monitoring to ensure compliance with maximum allowable emission standards, reporting periodically to regulatory authorities. Regular air quality monitoring is conducted to uphold established environmental standards, as part of our Industrial Environmental Control Program tailored to each enterprise.
Emissions into the atmosphere are strictly regulated by Kazakhstan's environmental legislation, determined by production processes and aligned with approved projects and standards under government oversight and special permits.
To minimize atmospheric emissions, we regularly assess equipment efficiency and implement new technological solutions as needed. At enterprises such as “ESDPP-1” JSC, “ESDPP-2” JSC, “APP” JSC, and “Bogatyr-Komir” LLP, ongoing supervision ensures technical and technological equipment characteristics are monitored to manage emissions, effluents, and waste levels effectively.
The primary sources of pollutant emissions within the company include boiler units, oil and fuel oil facilities, ash disposal areas, as well as other emission sources located at fuel stations and boiler houses (ESDPP-1 LLP, ESDPP-2 JSC, APP JSC, Bogatyr-Komir LLP). Common pollutants originating from ESDPP-1 LLP, ESDPP-2 JSC, APP JSC, Bogatyr-Komir LLP, arising from fuel combustion and coal mining, include nitrogen oxides, sulfur dioxide, particulate matter, carbon monoxide, volatile organic compounds, and other gaseous substances.
In 2023, atmospheric emissions from the Samruk-Energy Group of Companies remained within permissible limits, totaling 354,922.3 tons.
The company's environmental KPI target for 2023 was set at 10.1 g/kWh, representing the environmental impact of electricity production in terms of CO/SOx/NOx/particulate matter emissions per kilowatt-hour. Across the entire Samruk-Energy Group of Companies, the specific emission of pollutants in 2023 was 9.537 g/kWh, reflecting a slight increase of 0.63% compared to the previous year.
Plans for 2024 and for the medium term
As part of our commitment to fulfil obligations under Kazakhstan's environmental legislation and transitioning to Best Available Techniques (BAT). We are actively researching advanced methods for cleaning flue gases at ESDPP-1 LLP, ESDPP-2 JSC, and APP JSC, focusing on the removal of solid particles, nitrogen oxides (NOx), and sulfur oxides (SOx). The final costs of implementing BAT will be determined following a comprehensive analysis of available technological solutions.
To oversee operations and minimize the risk of accidental pollutant emissions, we are progressively introducing automated emission monitoring systems at ESDPP-1, ESDPP-2 and APP stations (CHP-1, CHP-2, CHP-3, and WHC). These systems will facilitate continuous monitoring by environmental authorities and enable prompt responses to any increases in pollutant emissions above permitted standards.
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Responsible water use
“Samruk-Energy” JSC rigorously complies with the Water Code of the Republic of Kazakhstan, managing water collection and discharge strictly in accordance with issued permits. This underscores our commitment to legal adherence and demonstrates our responsible approach to water resource utilization, including efforts to reduce, reuse, and recycle wastewater. These practices promote sustainable and efficient water management, benefiting both the environment and society.
Although our subsidiaries, including ESDPP-1 LLP, ESDPP-2 JSC, APP JSC, Bogatyr-Komir LLP, Moynak HPP JSC, Shardarinsk HPP JSC, and AZhC JSC, do not utilize water resources in regions facing water scarcity, we place particular emphasis on sustainable water management practices. This involves assessing risks associated with water usage and implementing strategies to minimize freshwater consumption, alongside ensuring robust wastewater treatment processes for safe reintroduction into the natural environment.
Under the "Corporate Management System Policy" and the "Corporate Standard for Environmental Management in Samruk-Energy Group of Companies," we have established commitments and principles for water resources management, focusing on the following aspects:
- Responsible and sustainable use of water resources;
- Thorough assessment and monitoring of all water intake points, whether direct or acquired through intermediaries;
- Continuous enhancement and adaptation of company strategies to optimize water resource utilization;
- Preference for minimizing the use of potable water for production purposes;
- Annual review of water intake and sanitation meters, ensuring their availability, functionality, and timely calibration and sealing by regulatory bodies;
- Avoidance of company operations in regions experiencing water scarcity, reflecting our commitment to environmental stewardship.
Key water resources utilized by the company include: Bestyubinskoye Reservoir (Moynak HPP), Shardara Reservoir (Shardara HPP), K. Satpayev Canal ( Ekibastuz SDPP-1 named after Bulat Nurzhanov, JSC Ekibastuz SDPP-2 Station), Shidertinsky Canal (Ekibastuz SDPP-2 Station), Big Almaty Lake and the Bolshaya Almatinka River basin (Cascade of HPPs), and Kapshagay Reservoir (Kapshagayskaya HPP).
In 2022, subsidiaries and affiliates of "Samruk-Energy" JSC utilized a total of 23,568,982 megaliters of water to fulfill production, domestic, and drinking needs. Of this amount, 99% was allocated for electricity generation purposes, specifically for the steam-water cycle at state district power plants and thermal power plants, as well as for driving hydraulic turbines at hydroelectric power plants.
The volume of water consumption in 2023 was 154,876 megaliters.
To conserve water, the company continued utilizing closed-loop cooling water supply systems with a fill-type cooling reservoir and direct-flow hydro ash removal systems at Ekibastuz SDPPs. Additionally, the company implemented recirculating cooling systems with cooling towers and reused wastewater from ash dumps at Almaty CHP.
In 2023, the volume of water withdrawn per unit of output was 0.667 m³/kWh, which is 6.7% more than in the previous year. This indicates an increased water intensity of the production processes of enterprises in the reporting period.
Wastewater disposal
We strictly adhere to stringent standards for managing the discharge of wastewater to minimize its impact on water resources.
In 2022, our company discharged a total of 23 414 106,4 megaliters.
During the operational activities of the Samruk-Energy Group of Companies, two categories of wastewater are generated:
- The predominant portion (over 99% of the total wastewater volume) consists of wastewater from the hydraulic ash removal system, water used for cooling technical units and thermal power plant equipment, and water utilized in the operation of hydroelectric power plant hydrogenerators.
- A smaller volume (less than 1% of the total) comprises domestic wastewater collected from administrative buildings, canteens, and other service facilities.
Water discharge occurs into river systems and accumulation ponds, involving rainwater collected from industrial areas, as well as unused domestic and clean industrial water not used in production processes. Industrial wastewater utilized for ash and slag material transportation is exclusively discharged into designated ash dumps, preventing discharge into natural water bodies.
All wastewater, except that used for ash and slag transportation, undergoes rigorous purification processes until meeting sanitary and hygienic standards. Legislative limits on pollutant concentration and wastewater volume are based on design specifications for maximum permitted discharges and the outcomes of sanitary, epidemiological, and environmental assessments.
In 2023, no instances of exceeding the permissible concentration of pollutants in domestic wastewater discharges were recorded.
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Waste management
“Samruk-Energy” JSC upholds principles of resource efficiency and continues efforts to minimize waste generation and mitigate its environmental impact across all phases—from facility construction and operation to decommissioning. We conduct systematic analysis to identify root causes of waste generation and develop strategies for reduction.
The management of production and consumption waste, along with data collection and monitoring, adheres to:
- Corporate standards for environmental management
- Waste management programs
- Waste management action plans
All waste is categorized according to assessment criteria outlined in the Waste Classifier approved by the environmental protection authority, distinguishing between hazardous and non-hazardous waste.
Considering the specifics of operations of ESDPP-1 LLP, ESDPP-2 JSC, and APP JSC, the majority of total waste volume consists of large-tonnage waste, specifically ash and slag waste, and overburden rocks from coal mines operated by Bogatyr Komir, LLP. These wastes are categorized as non-hazardous.
Bogatyr Komir, LLP is actively engaged in minimizing its environmental footprint by reducing the number of overburden deposits in external dumps. The company is implementing plans to repurpose exhausted areas of the Severny and Bogatyr quarries into internal dumping sites. Additionally, measures are taken to prevent oxidation and spontaneous combustion of coal-bearing rocks by isolating them with inert materials and compacting the surface layer of the dumps.
The ash and slag waste from ESDPP-1 LLP, ESDPP-2 JSC, and APP JSC is deposited in ash dumps, with dust suppression measures in place: below the water level at the Ekibastuz SDPPs and using a unique combined technology at Almaty Power Plants JSC involving soil covering and the planting of perennial grasses and shrubs. We undertake annual reclamation of depleted sections of ash dumps. Additionally, alongside disposal, ash and slag are processed for use in highway construction and the production of building materials.
The development of HPP and RE facilities at “Samruk-Energy” JSC also contributes to reducing the volume of ash and slag waste per unit of output. Non-hazardous waste includes office supplies, packaging, furniture, equipment that has lost its consumer value, debris from site cleaning, food waste, etc. These wastes are classified as consumer wastes and are subject to separate collection, recycling, or disposal, with their disposal volumes regulated.
Hazardous wastes encompass industrial and production wastes such as batteries, used mercury-containing lamps, used oils and technical fluids, fuels and lubricants, dyes, resins, varnishes, paints, etc.
Between 2020 and 2023, 191 kg of used batteries were collected and sent for recycling.
During production activities at Samruk-Energy Group of Companies, radioactive waste is not generated. Regular radiation monitoring is conducted within the territories of ESDPP-1 LLP, ESDPP-2 JSC, APP JSC, Bogatyr-Komir LLP, and along the borders of their sanitary protection zones. Monitoring results consistently indicate compliance with permissible radiation levels, with no instances exceeding the regulated limit of 2.5 mSv/hour.
For each type of production and consumption waste generated, a hazardous waste passport must be prepared and submitted to the authorized body in accordance with the approved forms outlined in the current legislation of the Republic of Kazakhstan. Subsidiaries and affiliates of the Company are required to develop a Waste Management Program independently or with the involvement of licensed specialized third-party organizations. This program includes details on waste volume and composition, temporary storage and/or disposal methods, waste generation standards, handling measures, etc.
“Samruk-Energy” JSC oversees waste management practices among its contractors. During procurement procedures, participants undergo checks to verify their licenses for handling specific types of waste and their material and technical capabilities for waste management. Contracts with contractors stipulate compliance with environmental legislation requirements of the Republic of Kazakhstan.
Maintaining transparency and accountability, “Samruk-Energy” JSC engages in ongoing dialogue with stakeholders. Special feedback channels are available for stakeholders to express environmental concerns related to the company's operations. All inquiries are formally registered and addressed through established review processes.
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Biodiversity conservation
“Samruk-Energy” JSC is committed to preserving biodiversity, fully recognizing its responsibility. Our aim extends beyond achieving "zero net loss" to actively pursuing a "positive net impact" on biodiversity across all our operations. This commitment encompasses the construction of new facilities, the modernization and operation of existing installations, and their eventual decommissioning..
As part of our environmental protection strategy, we have outlined key initiatives to maintain and safeguard biodiversity:
- We actively deploy advanced technologies that significantly mitigate environmental impacts during production processes.
- Specialized programs are developed and implemented to protect and preserve biological diversity in areas adjacent to our operational sites.
- We conduct regular environmental monitoring to promptly identify and address potential threats to ecosystems.
In compliance with Kazakhstan’s environmental legislation, any expansion or modernization of our production activities undergoes thorough analysis of its potential ecological impact, including the biodiversity of the region surrounding our facilities. To ensure transparency and public engagement in decision-making processes, the Company organizes public hearings where project details are accessible to all interested parties.
We commit to refraining from operating within specially protected natural areas, and we do not own facilities located in these areas. Additionally, our operations do not encompass work sites or adjacent territories situated in protected areas or areas characterized by high biodiversity levels outside of protected zones. Moreover, we adhere strictly to all environmental legislation requirements of the Republic of Kazakhstan to uphold environmental protection standards effectively.
In all facets of our operations, spanning from energy generation to equipment decommissioning, we actively prioritize the protection and enhancement of natural ecosystems.
We are engaged in wildlife conservation projects and foster collaborations with scientific research institutes and government agencies. For instance, “Moynak HPP” JSC exemplifies our commitment by partnering with UNDP experts in Kazakhstan on a project dedicated to preserving a relict ash grove situated downstream of the Charyn River. Furthermore, we rigorously adhere to established internal regulatory standards aimed at safeguarding and promoting biological diversity both within our operational sites and beyond.
In 2023, we allocated 115 thousand tenge towards enhancing and greening of sanitary protection zones of our subsidiaries and affiliates, marking a 98.3% increase compared to the previous year's investments.
Biodiversity conservation measures:
- To minimize fish mortality, all hydro turbines at our hydropower stations are equipped with fish protection devices. Additionally, based on the recommendations of the Kazakh Scientific Research Institute of Fisheries, the water surface near water intakes is illuminated with projectors during the dark hours to deter fish.
- To reduce bird mortality on the aerial power transmission line towers, which birds use as perches, we conduct tower reconstruction, equipping them with insulated wires.
- During the pre-project and design stages of wind power plants (WPP), measures are taken to reduce their environmental impact. For instance, to minimize light pollution effects on the biological rhythms of living organisms and to preserve and replenish biodiversity, we minimize the lighting of WPPs, using only marker lights when necessary.
- Greening the area, expanding green spaces
- As part of production environmental control, regular laboratory research is planned to monitor and assess the Company's impact on the environment.
- Reclamation of spent ash dump areas is being designed, including their restoration and transformation into environmentally safe and functional zones
As part of our commitments to comply with Kazakhstan's environmental legislation, energy-producing organizations, including KEA LLP, continue to work with the authorized body to modify the mechanism for forming closure funds for the closure and/or restoration of enterprise facilities, including closure and restoration plans, aiming for more efficient allocation of resources for production modernization.
We have legal obligations to eliminate ash dumps, which are specialized areas for waste disposal generated during our operations.
In 2023, the assessed value of the closure fund for ash dumps amounted to 3,143.4 million tenge, marking a 26.6% increase compared to the previous year. This increase is due to higher costs for reclamation works and materials.
In the areas where “Samruk-Energy” JSC operates, the company is fully prepared to collaborate and engage with local residents, regional authorities, and public organizations right from the outset of the facility closure process. To facilitate this cooperation, various forms of engagement will be utilized, such as specialized conferences, individual meetings, press briefings, phone discussions, public hearings, as well as surveys and perception studies.
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Сollaboration
“Samruk-Energy” JSC pays special attention to new technologies:
By the order of “Samruk-Energy” JSC, a scientific laboratory “Clean Coal Technologies” was established at the premises of Nazarbayev University IEO;
Participation in national and international projects / initiatives / associations
1) The company is a member of the ALE "Kazakhstan Electricity Association".
2) The company is a member of the ALE "Kazakhstan Association of Oil Gas And Energy Sector Organizations “Kazenergy"
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Occupational Safety and Health
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Address from the Chairman of the Board of “Samruk-Energy” JSC:
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Signed commitments related to occupational health and safety of the Chairman of the Board of "Samruk-Energy" JSC and chief executive officers of SA
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Our approach
To enhance the efficiency of occupational health and safety management system, the Company has developed and adopted internal corporate standards:
- occupational health and safety policy;
- rules for providing information in case of accidents;
- subsidiaries and affiliates of “Samruk-Energy” JSC are certified according to ISO 45001 requirements.
“Samruk-Energy” JSC aims to lead in health protection and workplace safety.
The Company's management recognizes that its most valuable resource is its workforce. Effectively implementing policies regarding occupational health and safety, which includes improving working conditions, implementing advanced technologies, and providing comprehensive employee training, is crucial for the success of both the Company and the well-being of our Republic.
The Company commits to comply with the requirements of the Republic of Kazakhstan law in occupational health and safety, as well as international standards for occupational health and safety.
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Ongoing projects
Project "Implementation of a new model for integrated security management"
Goal:
- Improvement of the occupational safety management system based on a conscious attitude to the culture of safe work, commitment, leadership and responsibility of managers and employees for safety, with a subsequent reduction in the level of injuries.
Benefits:
- Improving the safety culture/Involvement of personnel in occupational safety issues; Number of reports/appeals (about potentially dangerous incidents, about dangerous/safe behavior);
- Reduction of injury rates (LTIFR);
- Improving the evaluation of the effectiveness of the occupational health and safety management system;
The project "Safe production"
Goal:
- Reducing the level of occupational injuries by increasing the level of safety culture of employees, through the introduction of an accessible and transparent automated system for registration and investigation of incidents
Benefits:
- Registration and investigation of inconsistencies, formation of a corrective action plan. Registration of internal inspections on safety and labor protection.
- Registration of Leadership behavioral security audit, control of training, certification and training of personnel.
- Automation of business processes in the field of occupational safety and health.
The project "Visualization of efficiency and awareness management"
Goal:
- Raising awareness of senior managers on occupational safety and health issues
Benefits:
- Involvement of the first heads of subsidiaries on safety and labor protection issues;
- Improving the efficiency of the management of the occupational safety and health system;
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The Company’s activities in workplace health and safety
Occupational health and safety is a course of action to ensure the safety of the vital signs of workers during the production process, consisting of a variety of regulatory, legal, socio-economic, sanitary, medical, preventive, rehabilitation and other measures and requirements.
Safety precautions are a series of measures taken by the employer aimed at creating a safe environment in the process of the employee performing his job duties.
The top management of the Company is aware that in order to increase the effectiveness of the implementation of goals and objectives, it is necessary to increase the level of involvement of executives of subsidiaries and affiliates by demonstrating personal commitment to occupational health and safety issues.
Ongoing activities:
control of the provision of employees of enterprises with means of individual and collective protection;
providing methodological and informational assistance to subsidiaries and affiliates on safety and occupational health issues;
monitoring the system of transparent registration of industrial accidents;
monitoring of the system of individual responsibility (security coupons);
identifying hazards and evaluating risk significance;
work safety analysis;
mechanisms have been developed to reward employees for reporting potentially hazardous incidents;
participation in internal investigations of accidents to identify root (systemic) causes;
registration and investigation of potentially dangerous incidents to prevent accidents;
conducting seminar-meetings on occupational health and safety at production facilities, involving specialists from OHS departments in subsidiaries and affiliates of the Company;
supervising the training of top managers and occupational safety specialists in IOSH and NEBOSH courses;
automated system for registering occupational health and safety related incidents and violations;
initiating a Memorandum of Cooperation in occupational health and safety with leading companies;
competition in occupational health and safety across the group of companies;
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Workplace injury rate statistics
The Company takes all necessary actions on implementing the tasks set, whilst implementing the best world practices. The implementation of the above projects currently shows intermediate results in terms of accidents / registered workplace accidentsInjury statistics for the period from 2010 to the 1st half of 2023 are shown in a graphical representation
Types of accidents and root causes of industrial accidents:
- Insufficient identification of hazards and risk assessment.
- Victim's fall
- Impact of moving, flying, rotating objects and parts
- Personal negligence of the victim
- Unsatisfactory organization of work
- Improper control of line personnel
- Violation of safety and labor protection rules
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Development of energy conversation and energy efficiency
“Samruk-Energy” JSC is a leading producer of electricity, playing a crucial role in the country's energy system.
In compliance with the Republic of Kazakhstan's Law "On energy conservation and improvement of energy efficiency", energy audits are systematically conducted across all company subsidiaries and affiliated organizations listed in the State Energy Register. These audits are carried out in collaboration with accredited specialized organizations.
Achieving a sustainable economic model necessitates addressing energy efficiency and conservation. Our policy emphasizes the responsible and efficient consumption of energy resources to curb consumption growth and significantly reduce environmental impact.
The key document that outlines our guiding principles in this domain is the Energy Saving and Energy Efficiency Improvement Program for “Samruk-Energy” JSC group of companies covering the years 2015 to 2025, hereinafter referred to as "the Program." This Program has been crafted with due consideration to the primary policy orientations in the sphere of energy preservation and improvement of energy efficiency, delineating precise goals and objectives.
The Program employs the following target tools:
- Establishment of specific energy-saving and energy efficiency targets and indicators for subsidiaries and affiliates (SA);
- Continuous monitoring and supervision to assess the achievement of predefined indicators through energy and economic analysis, following the established methodology for calculating key energy efficiency metrics;
- Reducing the environmental footprint of production activities is an ongoing commitment that applies to the entire spectrum of the Efficiency Improvement Program across various areas of operation.
- Execution of organizational and technical measures for energy preservation and heightened energy efficiency, aligned with the approved action plans for SA. These activities facilitate the responsible consumption of energy resources and enhance energy efficiency;
- Implementation of SA management concept based on a constant commitment to reducing losses, optimizing work cycles, and practicing lean manufacturing.
In 2022, as part of our ongoing efforts to save energy and resources and improve energy efficiency, we implemented 58 measures aimed at reducing fuel and energy resource consumption. These measures resulted in a saving of 487 thousand tons of standard fuel across “Samruk-Energy” JSC Group of Companies.
The implementation of standard measures to conserve electricity and heat significantly reduced energy consumption, leading to positive economic and technical outcomes.
To ensure the rational use of fuel and energy resources, we conducted research and development (R&D) activities in the field of efficient combustion of high-ash coals. Specifically, we worked on the "Development of technology for combustion devices of boiler units for burning high-ash coals of seam No. 3 of Ekibastuz deposit and depleted coal/coal by-products”. This involved collaborative experimental studies with Nazarbayev University, focusing on the combustion of high-ash Ekibastuz coal and its by-products in integrated fluidized bed and circulating fluidized bed installations. The results indicated the potential for efficient combustion of these coals using FB and CFB technologies, resulting in reduced fuel consumption and emissions compared to traditional coal combustion. We also developed technical proposals for the concept of industrial and power boilers using FB and CFB for these coals.
Additionally, we are exploring the possibility of carbon capture and storage (CCS) technologies at existing and future coal-fired power plants of “Samruk-Energy” JSC.
The project aims to study existing and promising CO2 capture technologies from flue gases of thermal power plants, analyze their integration into existing technological schemes, and assess the disposal of captured CO2, with a focus on the most promising technologies for Kazakhstan's conditions.
This project is planned to be implemented for the period 2023-2025.
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Our approach
“Samruk-Energy” JSC group of companies places a strong emphasis on effective engagement with stakeholders, recognizing its paramount importance. Guided by principles of transparency and social responsibility, the group ensures sustainable development where the Company, its stakeholders, and society can collectively learn, assess, and analyze the needs, expectations, and opinions of both internal and external stakeholders; challenges and opportunities from the perspective of stakeholders; the most significant issues of concern to internal and external stakeholders.
The approach to responsible, thoughtful, and rational stakeholder interaction, grounded in standards like the AA1000 series, GRI, and other best practices, aids in making informed decisions about the Company's strategic development and methods to enhance its operations.
“Samruk-Energy” JSC's engagement with stakeholders is characterized by its commitment to investing in development, the future of its customers, employees, partners, and suppliers, thereby ensuring the sustainable progress of both the Company and local communities. It entails making social investments in areas of significance within the Company's presence territory, alongside a readiness to foster collaboration with all parties for adaptable responses to external and internal challenges.
To enhance the efficiency of stakeholder interaction, “Samruk-Energy” JSC has implemented a Communication Strategy across the entire group of companies. This strategy establishes a unified approach to corporate communications, delineates target audiences, communication principles, media planning, crisis response procedures, internal and external PR tools, and the Company's external positioning. The management of sustainable development within the Company governs the policy and methodology for stakeholder engagement.
The corporate communications policy, stakeholder identification, impact assessment, and the identification of material topics are subject to approval and oversight at the Board of Directors level.
The execution of initiatives and plans for stakeholder interaction, along with their monitoring, falls under the competence of the Company's Management Board. Annually, the Board reports to the directors on the outcomes of activities related to stakeholder engagement.
Specially established Committees under the Board of Directors and the Management Board oversee the stakeholder interaction system within their respective areas of responsibility.
The outcomes derived from the Company's engagement with stakeholders serve as the cornerstone for a robust and validated sustainable development policy. Within this framework, the Company endeavors to extensively incorporate sustainable development principles by adopting best practices in production, environmental initiatives, occupational safety, and the social sphere. This approach aims to foster economic growth in the regions where the Company operates while maintaining an optimal balance between stakeholder interests and the Company's strategic objectives.
Engagement with stakeholders not only helps in cultivating social capital but also aids in the prevention and mitigation of risks while identifying fresh opportunities for advancement.
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Stakeholder engagement system assessment
The Company places utmost importance on ensuring that both external and internal stakeholders are heard. The Company insists on its employees and stakeholders adhering to high ethical standards, integrity, and compliance with all legal norms.
All stakeholders have the opportunity to report any instances or suspicions of theft, fraud, corruption, violations of fundamental business principles, the Code of Conduct, or Kazakhstan's legal norms. They can do so through the following means:
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Hot line https://www.samruk-energy.kz/ru/navigation-and-support/hotline |
Feedback for all stakeholders https://www.samruk-energy.kz/ru/navigation-and-support/feedback-all/feedback |
Feedback for temporary workers or individuals not in an employment relationship with the group of companies and other interested parties involved in ongoing projects https://www.samruk-energy.kz/ru/navigation-and-support/feedback-all/feedback-other |
Chairman of the Management Board Blog https://www.samruk-energy.kz/ru/navigation-and-support/chairmans-blog |
Ombudsman https://www.samruk-energy.kz/ru/company/corporate-governance/corporate-governance-main/ombudsman |
Annual report survey |
The Company maintains continuous monitoring of all incoming messages across various feedback channels and annually provides an analysis and monitoring report to the Board of Directors to enhance the effectiveness of stakeholder interaction.
This analysis includes reviewing statistics related to requests, identifying topics raised by stakeholders, assessing their areas of concern, evaluating the timeliness of the Company's responses, and formulating recommendations for improving the stakeholder interaction system.
The outcomes of this analysis contribute to the achievement of the following objectives:
1) involving executives at the appropriate level in addressing raised issues and concerns while considering proposals for improvement;
2) proactively addressing the concerns of external stakeholders, the public, and individual citizens;
3) upholding trust in the Company as a socially responsible energy holding company;
The Company operates a centralized Database of complaints and appeals for the Samruk-Energy JSC group of companies, on the basis of which the Company annually analyzes all types of appeals for all subsidiaries and affiliates. The results of the analysis are annually brought to the attention of the Board of Directors.
The largest number of complaints are related to issues of salary plans, remuneration and other payments, procurement procedures, unlawful actions/inaction of employees and officials of the Samruk-Energy JSC Group of Companies.
During the reporting period, appropriate measures were taken based on confirmed cases of inconsistencies/violations. Confidentiality and anonymity of requests were guaranteed.
Explanatory meetings with staff were held and incoming requests were monitored, as well as feedback channels were popularized.
The Company is open to meetings, discussions, and dialogue. Therefore, if necessary, please feel free to contact us through any available feedback channels!
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QUESTIONNAIR
Dear reader!
We would appreciate it if you learn about the Annual report on the Company’s operating results for 2019 and complete the questionnaire on identification of relevant topics in order to cover them in the next “Samruk-Energy” JSC annual report. Your feedback is very important to us!
Link to the questionnaire
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10 principles of the UN Global Compact
In 2011, the Company declared its commitment to follow the 10 principles of the UN Global Compact in its strategy and day-to-day operations and is a member of UN Global Compact.
The company assumed the implementation of following principles:
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In the field of observance of human rights |
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In the field of labor relations |
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In the field of environmental protection |
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In the field of fight against corruption |
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As part of its accession to the UN Global Compact, the Company annually publishes Progress Report, which it posts on its website https://www.unglobalcompact.org/
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Women’s empowerment principles
In 2011, Samruk-Energy joined the UN Global Compact, integrating its strategy and daily operations with the Compact's 10 principles.
Specifically, concerning human rights, “Samruk-Energy” JSC group of companies diligently adheres to internationally proclaimed human rights and those established by Kazakhstan's laws. In the realm of sustainable development, the company's primary objective in interactions with employees is to ensure the realization of the right to work, with a society that acknowledges the principle of equal rights and opportunities.
Moreover, the Company is committed not only to developing human rights policies but also to prioritizing key initiatives that promote gender equality in the workplace, thereby improving the rights and opportunities of women.
These principles are intended to assist in the creation and execution of fresh policies and approaches aimed at enhancing women's rights and opportunities across all levels and industries.
The endorsement of these principles by "Samruk-Energy" JSC demonstrates the company's commitment to gender equality principles, recognized as a vital component of sustainable development, and a belief that companies offering equal opportunities to both women and men attain greater success and yield better outcomes.
The principles encompass seven steps that a company can employ to enhance women's rights and opportunities:
1. Establishing active support for gender equality initiatives at the level of the company’s management.
2. Equal opportunities: Inclusion and the absence of discrimination.
3. Health, safety, and freedom from violence.
4. Education and skill enhancement.
5. Development of enterprise, sales methods, and supply chains.
6. Community engagement and societal leadership.
7. Transparency, assessment, and reporting.
Ensuring equal treatment for both men and women is not only a matter of moral correctness but also a smart business decision. The active involvement of women in our company's operations is not only sensible in the present but also holds long-term benefits for our business. A broad approach to sustainability and corporate responsibility, including empowering women as a central goal, will benefit everyone. The seven steps of the 'Women's Empowerment Principles' will guide us in achieving these opportunities.
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Our approach
Social responsibility is an integral part of “Samruk-Energy” JSC development strategy, since we are aware of our contribution to social development. Social corporate responsibility projects are aimed at ensuring safe and comfortable working conditions.
Human Resources Department works on the followings tasks in line with social responsibility:
- Creation of favorable environment for employees;
- Retention of internal talents and recruitment of highly qualified staff;
- Ensuring social guarantees and social stability at the Company
The Company is committed to:
- Reinforce and promote the principles of social partnership and collective bargaining regulation;
- Make welfare payments in order to retain, attract qualified employees and create motivation for “Samruk-Energy” JSC staff.
- Improvement of social stability;
- Involved top management. Building a high-potential pool of successors for key positions;
- Enhancing the Employer brand.
“Samruk-Energy” JSC group of companies strives to provide a competitive social package, the availability of which allows attracting highly competitive candidates from external market. Compensation and benefits are designed to improve the welfare and level of social protection of employees and their families. The number of social payments and benefits provided to employees of the Company’s Group in accordance with signed collective agreements include:
- Financial assistance for health improvement during vacation, childbirth, weddings, funerals (for employees and close relatives), medical treatment for retirees, emergencies, and more.
- Income loss support (financial assistance for maternity and paternity leave, and leave related to the adoption of a newborn child)
- Voluntary health insurance.
- Health and wellness retreats for employees and their children.
- one-time bonuses for milestone anniversaries - 50, 60, and 70 years, expenses for organizing festive, cultural, and sports events, as well as New Year gifts for children.
- loan payments.
- compensation for injury or loss of a primary earner
The annual measurement of indicators of social stability and employee involvement allows taking timely measures on increasing employee loyalty and trust, social welfare, and employee involvement, improving working conditions and processes associated with staff work, developing communication systems and informing about any changes.
In 2023, the NPI "Center for social interaction and communications" conducted an engagement survey among the employees of “Samruk-Energy" JSC head office. The survey assessed employee well-being based on four elements: health, engagement, social well-being, physical and mental well-being, and financial well-being. The overall Social well-being index scored 43%, which corresponds to the "satisfactory" category, while the social stability index reached 72%.
To analyze the level of social stability at "Samruk-Energy" JSC, a sociological study was conducted among production personnel in 2023, using the methodology of Samruk Research Services. According to the survey, the integrated SRS indicator for "Samruk-Energy" JSC was 59%.
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Our activity
Social corporate responsibility projects aim to provide safe and comfortable working environment, professional development, address housing issues and improve the quality of life of employees and their families, financial support for veterans and pensioners, and support for social communities.
“Samruk-Energy” JSC is one of the largest employers in the Republic of Kazakhstan. As of December 31, 2023, the total workforce of the group of companies under “Samruk-Energy” JSC amounted to 17 892 employees.
Due to specific nature of “Samruk-Energy” JSC's operations, male employees are primarily engaged in key production areas, making up 74% of the total workforce in 2023.
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Employees category |
The total number of female employees at the end of the reporting period |
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Top management |
7 |
12% |
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Executives |
477 |
20% |
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Specialists |
1 459 |
53% |
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Administrative employees |
1 788 |
58% |
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workers |
2 347 |
19% |
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Total |
4 619 |
25% |
“Samruk-Energy” JSC implements the following activities for health improvement purposes and in order to arrange leisure for employees:
- the provision of additional days to paid annual labor leave for years of employment;
- carrying out physical fitness work and the development of mass sports among employees and members of their families, providing them with access to sports infrastructure, organizing training and competitions;
- regular promotion of healthy lifestyle among employees using corporate media;
- the annual allocation of funds for cultural events, purchase of New Year's gifts, purchase of valuable gifts on Power Engineer’s Day;
- the organization of leisure activities for school-age children during the summer holidays at health camps or health and recreation resorts of the Republic of Kazakhstan;
- partial compensation for the cost of trips to health camps and children's health centers for children with disabilities and orphans for employees of the Company.
Moreover, Conciliation Committees have been established and operate at “Samruk-Energy” JSC group of companies; they comprise representatives from the employer and representatives of trade union workers, and their main roles are conducting of explanatory works among staff, consideration of complaints and appeals.
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Development of the regions where we operate through
For many years, as part of our corporate social responsibility, "Samruk-Energy" JSC has been actively involved in the development of the regions where it operates and maintains continuous engagement with local communities. The Company collaborates on matters related to its participation in local infrastructure development, environmental enhancement in the region, and providing social support.
"As part of its activities, Samruk-Energy JSC continues to strengthen its engagement with local communities. On December 28, 2023, the Management Board approved the Policy on Interaction with Local Communities, which aims to define the principles, commitments, and feedback mechanisms with residents in the regions where the company operates. This policy was developed in accordance with the Roadmap for Improving the Sustainable Development Management System for 2023-2024."
The Company plays a crucial role in the country's infrastructure, supplying electricity to approximately 19 million consumers. We promote employment by creating and sustaining over 17 000 jobs across Kazakhstan. We contribute to the economic development of regions by fostering equitable partnerships with our suppliers and contractors, fulfilling our tax obligations, and creating employment opportunities.
Our top priority is to enhance the quality of life for the population and support social initiatives in all regions where we operate. The Company's social strategy revolves around creating an environment and conditions that enable local residents to fulfil their potential and actively contribute to economic and social growth.
We make a significant contribution to the well-being and socio-economic development of the regions where we operate through:
Providing the population with electricity, heat, and coal
Creating job opportunities for local residents, contributing through social taxes and contributions, pension and insurance payments, expenses for medical services for employees, and other forms of employee support
Implementing investment projects that impact the development of the regions where we operate, improve the quality of life for the population, and create employment opportunities
Maintaining public infrastructure to ensure substantial contributions to regional budgets through taxation
Investing in local communities through donations to charitable and non-governmental organizations, as well as supporting research institutions through a unified entity “Samruk-Kazyna Trust” Social Projects Development Fund
Supporting social programs, cultural initiatives, and educational events
The implementation of certain investment projects involved the enhancement of local infrastructure in the regions where the group of company's enterprises are situated.
The infrastructure of Solnechny village and Ekibastuz сity is undergoing development in the region where "Station Ekibastuz SDPP-1" LLP and "Station Ekibastuz SDPP-2" JSC are situated.
In Solnechny village, a range of essential infrastructure amenities has been established, including a mosque, a church, a Cultural Center, sports and wellness facilities, a swimming pool, and a hotel. Likewise, in the city of Ekibastuz, new residential complexes, dormitories, and a Cultural Center for power engineers have been built, along with the construction of roads linking Ekibastuz SDPP-1 Station to Ekibastuz SDPP-2 Station.
“ESDPP-2 Station” JSC holds a central position in the development of Solnechny village, employing a significant 60% of the local workforce and serving as a cornerstone enterprise for the community. Within its organizational framework, the company provides crucial social facilities such as a medical and preventive service, a swimming pool, and a dormitory facility resembling a hotel. Ongoing initiatives focus on enhancing the aesthetic appeal of the area, with annual funding from the station's budget allocated to ensure their proper upkeep and operation.
Similar initiatives were also carried out in the areas surrounding “Moynak HPP” JSC's operations. In these regions, 77 houses, a kindergarten, and a mosque were constructed for “Moynak HPP” JSC employees, where a total of 235 individuals reside, including 100 employees and 135 - their family members.
All employees of “Moynak HPP” JSC were allocated company housing (comprising 77 residential buildings), comfortable houses offering 3, 4, and 5 rooms with modern amenities. Each dwelling includes private plots spanning 6 acres and auxiliary structures. Additionally, a store was established to supply groceries and essential commodities. In the operational service village, there is a kindergarten for 30 children catering to the Company's employees' children. “Moynak HPP” JSC consistently supports the kindergarten situated within Moynak village's premises.
“Bogatyr Komir” LLP wholeheartedly backs a range of social initiatives with the goal of enhancing people's quality of life and actively engages in urban social programs. Extensive efforts have been undertaken to enhance children's playgrounds and sports facilities in the Mountain municipal district of the city. These initiatives encompassed the repair and restoration of children's playgrounds, the provision of sand for sandboxes, and the enhancement of “Shakhter” Park. Additionally, a monument honoring the esteemed akyn (poet) and philosopher Mashkhur Zhusup Kopeyev was built, and a traffic light was installed on Kunaev street.
In addition to projects aimed at enhancing local infrastructure, the Company engages in initiatives designed to provide support to underprivileged and economically disadvantaged sectors of the community.
Core operations assistance program
As part of our core operations, we are dedicated to assisting vulnerable individuals among the population (who, due to circumstances, have lost housing, a breadwinner, or the physical ability to work (including those who did not have these from birth), as well as low-income individuals whose total income falls below the subsistence level:
- In accordance with the Memorandum of Cooperation between “Bogatyr Komir” LLP and the local governing body, “Bogatyr Komir” LLP annually provides complimentary coal shipments to:
- social facilities in Pavlodar region (rural schools, hospitals, clubs, and other social facilities);
- for charitable purposes (mosques, monasteries, public funds, socially vulnerable segments of the population);
- employees of the Company residing in houses with stove heating, providing 10 tons of coal free of charge once a year.
In 2022, a total of 127 878,5 tons of coal were shipped, including:
- to social facilities in Pavlodar region – 78 402,6 tons;
- for charitable purposes – 6 683 tons, including:
- mosques and monasteries – 270 tons;
- socially vulnerable segments of the population through the Akimats (municipal authority) of Pavlodar region – 6 033 tons;
- employees and pensioners – 3 355 tons.
In line with the Rules for differentiation of electricity tariffs by energy supply organizations based on the amount of electricity consumed by individuals, which were approved by the Order No. 57-OD dated 20. 02. 2009 of the Agency of the Republic of Kazakhstan for the regulation of natural monopolies, specific consumption thresholds are defined for various categories of individuals in the regions where we operate. These categories include elderly pensioners living alone, disabled individuals, veterans of the Great Patriotic War, and those with equivalent status. The local executive body extends housing assistance to low-income residents for covering housing and utility expenses, it is provided when utility costs exceed 5% of the total family income (Maslikhat (local representative council) decision No. 232, dated June 2, 2014)
For more detailed information, please refer to the following link:https://www.gov.kz/memleket/entities/almaty/activities/6766?lang=ru
Social initiatives
- Assistance to pensioners and war veterans - internationalists in the form of a monthly payment of 150 kWh for consumed electricity (“Shardarinsk HPP” JSC).
- Providing support to World War II participants, Labor Front members, and equivalent individuals on Victory Day (“Ekibastuz SDPP-2 Plant” JSC, “Almaty Power Plants” JSC).
- Aid to low-income and large families (“Bogatyr Komir” LLP, “Shardarinsk HPP” JSC, “Almaty Power Plants” JSC).
- On the International Day of Older Persons, financial assistance was provided to non-working pensioners of ESDPP-2 in Solnechny village and Ekibastuz city, a special event was organized for veteran power engineers of ESDPP-2. Company activists organized “Biz Birgemiz” campaign with the aim of assisting pensioners by clearing snow from their yards, offering congratulations, and presenting New Year gifts to elderly individuals living alone and children from socially vulnerable segments of the population in Solnechny village.
- Various entertainment and educational events were held throughout 2022 for children with disabilities, children from large families, and orphans. These activities included culinary masterclasses, excursions, morning performances, trips to the skating rink and bowling alley, free classes at an art school, 'Fun Starts' competitions, track and field race, “Memlekettik ramizder”, “Nicotine for Vitamins” campaigns, a charity fair, and excursions to the Mausoleum of M. Zhusup.
“Bogatyr Komir” LLP initiated and implemented the "Boxes of Goodness" project, which provided food and other assistance to low-income, economically disadvantaged, and large families, pensioners, and individuals facing difficult life situations. Also, as part of social initiatives, “Almaty Power Plants” JSC Group and the Local Trade Union "Energia" provided assistance to 280 families with multiple children and low-income families.
- A computer class was established at the Kainar ELC with the support of Ekibastuz SDPP-2 to enhance computer literacy among children and adults. Educational excursions were organized for students of Almaty State College of Energy and Electronic Technologies and the college under the Almaty University of Energy and Electronic Technologies named after Gumarbek Daukeyev.
The Company personnel actively participated in the "Road to School" event, organized by “Samruk-Kazyna” JSC Fund in collaboration with the Committee for the Protection of Children's Rights of the Ministry of Education of the Republic of Kazakhstan. The initiative aimed to provide essential assistance to schoolchildren from low-income families, including the purchase of stationery for 12 thousand first-grade backpacks for children from 10 regions of the country.
- Ekibastuz SDPP-1, SDPP-2, and “Bogatyr Komir” LLP extended support to the municipal services of the city in addressing the aftermath of the accident.
The group's enterprises actively support various social initiatives aimed at improving people's quality of life. This support is ongoing and includes participating in citywide cleanup events, enhancing and beautifying the surrounding areas, collaborating with religious denominations and public foundations, and providing tangible support to different groups. These groups encompass pensioners, veterans of the Great Patriotic War, low-income families, individuals with disabilities, and single mothers. The assistance takes various forms, including monthly subsidies, one-time financial aid, the distribution of food provisions, and offering preferential vouchers, among other measures.
For more comprehensive information about these initiatives, you can refer to the Integrated Annual Reports of “Samruk-Energy” JSC at the following link: https://www.samruk-energy.kz/ru/shareholders-and-investors/annual-reports-on-the-results-of-the-company-s-activities
Charity projects
The primary charity activities are carried out through the Single Operator, a part of “Samruk-Kazyna” JSC group of companies, with one of its portfolio companies being “Samruk-Energy” JSC.
“Samruk-Kazyna Trust” Social Projects Development Fund implements charitable projects and programs that are designed to address socially important issues for the general population. These initiatives involve contributions and participation from all the companies within “Samruk-Kazyna” JSC group.
From 2018 to 2022, “Samruk-Kazyna Trust” corporate fund has undertaken 176 projects, amounting to a total of 37,3 bn. tenge. The total number of direct beneficiaries of charitable projects amounted to over 1.9 million individuals, including those from socially vulnerable segments of the population, children, and rural residents.
Charitable efforts encompass a diverse array of areas, including:
- Healthcare, involving 34 projects.
- Support for the most vulnerable segments of the population, featuring 42 projects.
- Education, comprising 34 projects.
- Development of mass sports, including 18 projects.
- Comprehensive development of regions - 22 projects.
- Development of civil society, featuring 6 projects.
- Cultural, environmental, and image projects, involving 20 projects.
To access reports on the outcomes of implemented programs, visit: www.sk-trust.kz
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Community development programs
Conscious of its responsibility, the Company strives to promote the development of society. One of the ways the Company contributes to the well-being and socio-economic progress of the regions where it operates is by implementing investment projects. These projects have a direct impact on the improvement of local infrastructure, the enhancement of the quality of life for the population, and the creation of employment opportunities.
The company manages a portfolio of investment projects that align with the country's national economic development programs and adhere to the principles of responsible investment. Further details about these projects can be found at the the following link: https://www.samruk-energy.kz/ru/shareholders-and-investors/projects
In alignment with the principles of responsible investment, we adopt an Environmental, Social, and Governance (ESG) framework when making investment choices. This approach enables us to effectively mitigate risks and play a part in fostering a more sustainable global environment.
Our assessment of ESG factors is guided by several key references, including the Corporate Governance Code, the Development Strategy, Sustainability Guidelines, and internationally acknowledged standards. These standards are recognized by the international community and encompass the UN Sustainable Development Goals, the criteria set forth by the International Finance Corporation (Industry Foundation Classes, IFC), the European Bank for Reconstruction and Development, and the UN Principles for Responsible Investment.
The fundamental investing principles encompass:
1) Integration of ESG criteria into the investment analysis and decision-making process.
2) Adherence to the laws of the Republic of Kazakhstan and the responsible handling of confidential information.
3) Compilation of annual reports, encompassing financial statements and sustainable development reports, including ESG factors, in accordance with universally recognized international or national auditing standards.
4) Establishment of a structured system for identifying, evaluating, and managing risks.
Within the Company’s investment criteria, ESG standards and analysis are integral components. Matters concerning ESG factors are incorporated into the investment memorandum, and they form a central part of discussions during Advisory Body meetings.
We adhere to rigorous and practical procedures across the investment cycle to identify and evaluate ESG factors. We ascertain their relevance to each investment project and ensure they are addressed appropriately. This way, ESG considerations are seamlessly integrated into every phase of our investment activities, starting from the selection and assessment of investments, extending through involvement in asset management, and encompassing stakeholder engagement to enhance ESG policies and practices.
“Samruk-Energy” JSC group of companies upholds the fundamental principles of the precautionary principle. Before commencing new projects and facilities, an environmental impact assessment is a mandatory step. The Company conducts various activities to inform the public about the proposed project and its potential effects. This allows for the identification of public opinions and ensures their inclusion in the impact assessment process. To involve the public at all stages of the investment project, we organize public hearings, and information about these hearings, among other details, is made available through various public channels.
For each investment project, a comprehensive environmental impact assessment is conducted in the designated project area. This assessment takes into account the project's impact on air, water, and soil, while also considering all environmental and economic risks. The results are subject to approval by the state environmental assessment.
A Stakeholder Engagement Plan (SEP) is developed for every investment project, with the following objectives:
1) establish boundaries for defining, analyzing, displaying, prioritizing, and engaging with stakeholders at the local, regional, and national levels.
2) provide the SEP that aligns with international standards and ensures a process of regular, open, and transparent interaction with stakeholders.
3) ensure proper identification and inclusion of all stakeholders, including vulnerable population groups.
4) define roles and responsibilities in implementing the SEP, including processes for monitoring and responding to feedback and complaints from stakeholders.
5) monitor the progress and outcomes of the SEP implementation.
6) identify and address critical issues, reduce social and environmental risks, and enhance social benefits.
7) provide a foundation for building constructive, long-term relationships with stakeholders through dialogue and bilateral information exchange to strengthen trust and minimize business risks.
8) outline mechanisms for information exchange, feedback and recommendation collection from stakeholders, resolution of stakeholder-raised issues, and reporting.
9) assist the Company in understanding stakeholder expectations.
10) enable stakeholders to participate in project impact assessments and the development of appropriate risk mitigation strategies for major capital projects.
11) offer guidance on documenting stakeholder interactions, tracking and monitoring stakeholder engagement, providing reporting, and monitoring SEP implementation.
Monitoring of the Stakeholder Engagement Plan occurs regularly and is conducted by “Samruk-Energy” JSC and each subsidiary and affiliated company involved in significant investment projects. It receives approval at least once a year from the Company's Board of Directors or Supervisory Board.
Furthermore, the executive body provides quarterly updates to the Board of Directors on the progress and effectiveness of ongoing investment projects within “Samruk-Energy” JSC group of companies.
The Company also maintains sustainability initiatives aligned with the 17 Sustainable Development Goals and in harmony with its strategic objectives across all facets of its operations. These initiatives undergo annual monitoring and evaluation by the Board of Directors.
We kindly request that if you have any suggestions or complaints regarding investment projects, you use the "Feedback" tool provided on the website. This serves as an additional means of interaction, especially for temporary workers or individuals who are not in an employment relationship with the group of companies, as well as for other interested parties involved in the ongoing projects: https://www.samruk-energy.kz/ru/navigation-and-support/feedback-all/feedback-other
All inquiries, complaints, and suggestions are processed within established timeframes, and we make every effort not to overlook any significant actions related to our operations.
To enhance the effectiveness of our engagement with stakeholders and as a proactive measure regarding the concerns of external interested parties, all inquiries are consolidated across the entire company's scope and separately brought to the attention of the Board of Directors.