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NK KazMunayGaz

KazMunayGaz is a state-owned oil and gas company headquartered in Kazakhstan. In 2020, it had USD 11.02 billion in revenue and a reported 60,173 employees*. KazMunayGaz is a national company, undertaking oil and gas activities in Kazakhstan. The company continues to prioritize fossil fuels and lacks an adequate decarbonisation plan.

Ranking position
#77/100
Total score
2.4/100
Performance score
1.0/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-100)

Targets

0.0 /100 #38

Material Investment

1.3 /100 #74

Intangible Investment

0.0 /100 #20

Sold products

0.0 /100 #55

Management

25.6 /100 #66

Supplier Engagement

10.0 /100 #40

Client Engagement

0.0 /100 #53

Policy Engagement

40.0 /100 #16

Business Model

0.0 /100 #52

Leading practice

No leading practices were identified for this company.

Risks and opportunities

Trend

KMG receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. With the company’s current production and sold product mixes indicating upward trends in its scope 1 and 2 and its scope 1, 2 and 3 emissions intensities, and with no emissions reduction targets in place, the company is not on track to align with its 1.5°C pathway.
The company continues to focus on expanding its oil and gas activities and has no plans for new low-carbon business activities. This strategy cannot be expected to achieve the rate of decarbonization required by the low-carbon transition.

Progress towards the Paris Agreement

More about the company

Headquarters
Nur-Sultan, Nur-Sultan, Kazakhstan
Group revenue
USD 11.02 billion
Ownership structure
State owned
Number of employees
60,173
Scope of activity
Fully integrated
Website
https://www.kmg.kz/eng/