Samruk-Kazyna is a sovereign wealth fund and a joint stock company that was founded in 2008 by the Decree of the President of the Republic of Kazakhstan. The sole shareholder of the fund is the government of the Republic of Kazakhstan. In 2021, the assets of Samruk-Kazyna were equivalent to KZT 30.31 trillion.
Samruk-Kazyna discloses the proportion of its total direct operations workforce for each employee category by age group. Similarly, it discloses the proportion of women in its total direct operations workforce for each employee category. The financial institution has a grievance mechanism accessible to all workers, external individuals, stakeholders and communities to raise complaints or concerns regarding human rights and bribery and corruption. Besides, Samruk-Kazyna has a publicly available policy statement which shows it is committed to respecting the health and safety of workers.
In terms of its approach to senior leadership accountability, Samruk-Kazyna has an opportunity to assign responsibility for sustainability to the group’s highest governing body and link the remuneration of its executive and management teams to sustainability performance criteria. Furthermore, no evidence was found that the financial institution is committed to gender equality and women’s empowerment. Samruk-Kazyna could disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. The financial institution has an opportunity to describe its engagement approach on sustainability themes and impact topics with investees.
There is no evidence that Samruk-Kazyna discloses a target to reach net-zero financed emissions by 2050. It has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Furthermore, it could disclose the amount of its investment devoted to climate solutions. Regarding nature and biodiversity, no evidence was found that the financial institution is committed to minimising its negative impacts or financing regenerative solutions.
There is no evidence that Samruk-Kazyna has a publicly available policy statement committing it to respect human rights laid out in the UN Guiding Principles and the ILO declaration on fundamental rights at work. Therefore, it has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its investment activities. To provide transparency on financial inclusivity, Samruk-Kazyna could disclose the amount of finance directed towards low-income developing countries.