The study was conducted by the auditing company PwC Kazakhstan among 96 organizations. Experts assessed the quality and availability of ESG information in annual reports and sustainability reports. Experts analyzed almost all non-financial reports published in Kazakhstan based on the results of 2022. The report on sustainable development of the gold mining company Altynalmas took 8th place among the best practices for disclosing information in the field of sustainable development, and among mining and metallurgical companies it took 2nd place.
The assessment methodology included 129 criteria, each position was scored from 1 to 10 points. The criteria included such disclosure blocks as sustainable development strategy, corporate governance, society, ecology, and reporting practices. Additional points were also awarded for clarity, timeliness and quality of presentation of information.
Emphasizing the status and importance of the principles of sustainable development, Altynalmas has identified 11 priority Sustainable Development Goals, where it can make the greatest contribution. In 2022, AK Altynalmas JSC joined the UN Global Compact and released the first report on Sustainable Development. The company also became a co-founder of the national ESG club, where proposals are being formulated to stimulate ESG activities within the Republic of Kazakhstan.
“The basis for the Company’s long-term sustainable development is the growth of operational and financial performance in tandem with progress in the social and environmental spheres. Our priorities remain safety with the introduction of the best global practices, innovation and automation of production, support for local communities in the regions where we operate, equal career opportunities, as well as high standards of corporate governance,” noted Balamir, CEO of the Altynalmas Group of Companies, in his address in the SD report MAKHANOV.
Let us recall that last year the Altynalmas company also took 8th place in the PWC rating for ESG information disclosure among Kazakh companies.
The top ten ranking includes companies that have demonstrated a high level of disclosure of ESG information at the level of international standards, as noted in the PwC Kazakhstan report.
LATEST NEWS
-
LEAG Plans Construction of Hydrogen-Ready Gas Power Plant in Eastern Germany
03/05/2024
-
Uzbekistan’s Ambitious Rare Earth Investment Plans
03/05/2024
-
Central Asia’s Green Energy Revolution: Unveiling Turkmenistan’s Potential
03/05/2024
-
Central Asia’s Geological Resources Poised for Global Impact
03/05/2024
MOST POPULAR
-
Bjelovar City Completes Successful Geothermal Water Well Project
-
The “Daughter” of “Samruk-Kazyna” to start exploration this year at one of the largest tungsten deposits outside China
-
First Quantum Minerals Launches Extensive Geological Survey Project in Kazakhstan
-
An information system in the field of geology and subsoil use will be created in Kazakhstan