Fund's activities in the field of sustainable development
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- Fund's activities in the field of sustainable development
Events:
On October 2, 2024, the international rating agency Sustainable Fitch assigned an ESG rating of "2" with an overall score of 63 to Industrial Development Fund JSC.
On October 1, 2024, the Board of Directors of Industrial Development Fund JSC approved the 2023 Sustainability Report of Industrial Development Fund JSC.
On December 20, 2023, the sustainable development Methodology was approved, regulating the criteria for determining projects in accordance with the principles of sustainable development (ESG).
APPROVED ESG CRITERIA ADAPTED TO THE PROJECTS OF INDUSTRIAL DEVELOPMENT FUND JSC
On December 20, 2023, the Methodology for sustainable development, the criteria for determining projects in accordance with the principles of sustainable development (ESG), and the phased improvement of the Methodology were approved.
Presence of an environmental management system
Action plan for reducing greenhouse gas emissions - scope 1, 2,
scope 3 - if applicable. Specific volume of greenhouse gas emissions
Action plan for reducing emissions of pollutants into the atmosphere
Programs for reducing: - waste generation and increasing reuse and recycling
of production and consumption waste. Reducing the share of hazardous waste in the structure
of all waste, -water resource use, increasing water reuse and wastewater treatment
Collaboration with environmental regulatory authorities
Compliance with safety measures, measures regarding accidents in production activities.
Ensuring the safety of workers.
Elimination of discrimination in employment and occupation.
Creation of new jobs through the implementation of an investment project.
Preservation of workers' health.
Material support for employees. Contribution to the professional development of employees.
Attraction of services and use of products of local/regional producers
in the implementation of the investment project.
Presence of a corporate governance system, risk management, internal audit (for joint-stock
companies).
Creation of mechanisms for effective interaction with stakeholders, including
regular information on the results of activities in the field of sustainable development.
Anti-corruption measures.
Level of information disclosure.
Representation of women leaders in managerial positions of the applicant company, including
in the composition of authorized bodies. Presence of independent directors on the board of
directors
of the applicant.
KEY INITIATIVES OF STRATEGY OF ACHIEVING CARBON NEUTRALITY OF KAZAKHSTAN 2060 - A BENCHMARK FOR THE NEW LONG-TERM STRATEGY OF THE FUND
2023
GLOBAL METHANE INITIATIVE
The conference Kazakhstan joined the Global Methane Initiative at the CoP28 conference
2023
STRATEGY FOR ACHIEVING CARBON NEUTRALITY OF THE KAZAKHSTAN UNTIL 2060
The main goal is to achieve sustainable development of the economy of Kazakhstan to climate change and carbon neutrality by 2060. The medium-term goal is to reduce GHG emissions by 15% by 2030 relative to 1990 emissions.
2022
TRANSITION TO SOCIAL TAXONOMY
The proposed Taxonomy of Social Projects for ESG Finance Markets, developed and presented by the AIFC Green Finance Center to promote the further development of the sustainable finance market.
2021
TAXONOMY OF «GREEN» PROJECTS
TAXONOMY OF «GREEN» PROJECTS
- RES
- energy efficiency
- green buildings
- Prevention and control of pollution
- Sustainable use of water, waste
- Sustainable agriculture, etc.
- Clean transport
- Transitional energy sources
2020
CLIMATE AMBITION SUMMIT
RESPONSIBILITIES OF KAZAKHSTAN:
- Achieving carbon neutrality by 2060
- Development and adoption of an ambitious long-term strategy to reduce emissions and decarbonize the economy
2015-2016
PARIS AGREEMENT
GOALS:
- Keep the global temperature increase within 2°C during this century and attempt to decrease to 1.5°C
- Responsibilities of Kazakhstan: Development of nationally determined contribution (reduction of GHG emissions by 15% unconditionally until 2030)
FUND’S DEVELOPMENT STRATEGY FOR 2024-2033
Focus on sustainable development initiatives, new ESG key performance indicators, and the Fund's commitment to decarbonization and climate change.
FUND WITHIN THE FRAMEWORK OF THE EGS AGENDA
Fund’s documents related to ESG
October 2024
Sustainability Report for 2023
December 2023
Sustainable Development Methodology governing the criteria for defining projects in accordance with the principles of sustainable development (ESG)
December 2023
Report "Assessment of ESG maturity, as well as assessment of the portfolio of JSC" Industrial Development Fund "for compliance with acceptable categories of green and social projects"
December 2023
Development Strategy of JSC "Industrial Development Fund" for 2024-2033
April 2022
Sustainable Development Policy of the Industrial Development Fund JSC
February 2022
Development Strategy of JSC "Industrial Development Fund" for 2014-2023
FUND TAKES INTO ACCOUNT 14 OF THE 17 SUSTAINABLE DEVELOPMENT GOALS OF THE UNITED NATIONS
9 KEY ESG INITIATIVES ACCORDING TO THE FUND’S NEW LONG-TERM DEVELOPMENT STRATEGY
The Industrial Development Fund implements and integrates ESG factors into decision-making
processes for providing financial support and into the daily activities of both the Fund and
its borrowers.
1 Energy Efficiency and Waste Management
2 Sustainable Investment in ESG (Including "Green") Projects
3 Climate Change and Low-Carbon Development
1 Human Capital, Health Protection, Environment
2 Gender Equality and Inclusivity
3 Social Projects
1 Transparency
2 Composition of the Board of Directors
3 Business Ethics and Compliance
IDF, BEING A SOCIALLY RESPONSIBLE ORGANIZATION, IMPLEMENTS AND INTEGRATES ESG FACTORS IN ITS ACTIVITIES
2024
- AIX/KASE/LSE green bond issue
- GRI and TCFD Sustainability Reports
- ESG criteria for borrowers
- ESG scoring/rating
2025- 2026
- Increasing the share of projects in the loan portfolio in line with the green taxonomy
- Incremental disclosure of Scope 3 GHG Emissions (Projects/Borrowers)
- Accreditation by Green Climate Fund
2030
- Increasing the share of projects in the loan portfolio in line with the green taxonomy
2033
- Increasing share of "green" projects in the loan portfolio
- Share of projects in line with the SDGs – 100%
