Samruk-Kazyna

Samruk-Kazyna assigns decision-making and oversight responsibility for its sustainability strategy to its highest governance body, while implementation is delegated to specific functions, teams, or committees within the institution. It discloses a list of trade associations to which it belongs.

The financial institution transparently identifies the nature-related impacts associated with its products, services, and capital and it identifies and prioritizes sectors and areas with the highest nature-related impacts resulting from its activities. Additionally, the financial institution monitors its Scope 1-2 emissions to track its operational environmental footprint.

Samruk-Kazyna identifies its material sustainability impacts using Sustainable Development Goals and international standards, yet does not provide evidence for prioritising these impacts. Recommendations include disclosing third-party assurance of target reporting and linking senior executive remuneration to sustainability targets. The institution details fossil fuel production and funding and states a significant increase from 2020 to 2022. It does not report scope 3 financed emissions and is advised to monitor these categories and clarify its footprint calculation methodology.

It is recommended that the institution disclose that it has established a transition plan covering its own operations, supply chain, and portfolio and publish the breakdown of clients or beneficiaries by income group. It could also clarify processes to prevent divestment from low-income and lower-middle-income countries due to its sustainability strategies and targets. Additionally, it could strengthen its disclosure by providing an example of actions taken in the past three years to address salient human rights issues identified through risk assessments related to the products, services, and capital it offers.

Samruk-Kazyna has a publicly available statement on ILO fundamental rights at work but lacks a formal policy approved by its highest governance body. Furthermore, it has the opportunity to disclose its method for determining a living wage and to include anti-bribery and anti-corruption clauses in its contracts with business relationships.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.