About the Report

JSC NC “KazMunayGas” (hereinafter, KMG) has been preparing reports on its sustainable development activities on an annual basis since 2008, and since 2012 has been publishing reports in accordance with the Global Reporting Initiative (GRI).

In order to demonstrate its clear and transparent operations to its stakeholders, KMG discloses its approach to sustainable development, social, economic and environmental responsibility on an annual basis.

This Report has been prepared in accordance with the Global Reporting Initiative Sustainability Reporting Standards and the GRI 11: Oil and Gas Sector 2021.

Selection of the external verifier of KMG Report is made on the basis of the Procedure for Procurement by Samruk-Kazyna Sovereign Welfare Fund Joint Stock Company (hereafter – Samruk-Kazyna JSC) (https://online.zakon.kz/Document/?doc_id=39101813) and on the basis of the Tender Procurement Decision by means of competitive negotiations. As a result of the selection procedure for procurement of services for 2021–2025 held on 12 May 2021, KMG and Ernst & Young Business Advisory Services LLP entered into a contract for the procurement of services for the verification of the Report prepared in accordance with GRI international standards. Independent verification report is presented on page 210 of this Report.

The Report provides consolidated data about KMG, its subsidiaries and dependent entities for calendar year 2023 calendar year (hereinafter referred to as KMG, the Company, the Group).

The Report covers KMG’s subsidiaries and dependent entities with fifty or more percent of voting shares (participation interests) directly or indirectly owned or held in trust by KMG, as well as the legal entities which activities KMG is entitled to control (the detailed description of reporting scope broken down by sections is given in Appendix 1 to the Report).

The Company’s financial standing and production performance are presented using the Company’s consolidated data with the organizational support of the relevant Company’s Units. KMG’s management and audited financial statements prepared in accordance with International Financial Reporting Standards, which are published with the same frequency as non-financial financial statements – annually, were used in the preparation of this Report.

Read more about the process of preparing the Report, identifying material topics and engaging with stakeholders in the Sustainable Development Management section.

In order to enable collation and comparability of data by indicators, the information is presented over time for several years.

KMG Sustainability Report is approved by decision of KMG’s Board of Directors and communicated to the stakeholders by means of publication on the corporate website and distribution of the paper copy.

KMG Sustainability Reports are available electronically in the state, Russian and English languages at: https://www.kmg.kz/en/sustainable-development.

The online version of the Report is available on KMG website in the state, Russian and English languages at: https://www.kmg.kz/en/sustainable-development.

Guided by international sustainable development initiatives, KMG adheres to the principles of the UN Global Compact (hereinafter, UNGC) and integrates the Sustainable Development Goals (SDGs) into its operations.

UN GLOBAL COMPACT PRINCIPLES