The Bank’s sustainability activities | JSC "Development Bank of Kazakhstan"

Events

ESG rating of the Bank:

is high among financial institutions;
at the level of the Polish Development Bank (in 2024, BGK received a rating of 2 with a score of 64).

ESG rating of «3» with an overall score of 60 in 2023

ESG rating of «2» with an overall score of 64 in 2024

The Agency noted the Bank’s key ESG initiatives, which had a positive impact on the ESG rating:

Management approach

DBK is actively involved in promoting a sustainable energy transition

ESG initiatives in the international arena

The Paris Agreement
Joining the UN Global Compact
Joining GIP
Joining the Global Capacity Building Coalition
Participation in the CoP29 forum
Taxonomy of "green projects" of the Republic of Kazakhstan

Development Bank of Kazakhstan

The Bank's long-term development strategy for 2024-2033
Strategic direction «Sustainable development»:

Reducing the carbon footprint in the Bank's loan portfolio
Human capital development
Improving corporate governance
Ensuring transparency of the Bank's activities
Improving business processes and IT infrastructure

The Bank's activities within the framework of a sustainable energy transition

ESG rating
Implementation of «green projects» (including renewable energy sources)
Verified Annual Report of the Bank in accordance with the requirements of GRI, SASB, IFRS S1, S2
The Bank was included in the list of recommended companies to receive ZKF accreditation from Ministry of Ecology and Natural Resources of the Republic of Kazakhstan

DBK under the ESG agenda DBK’s ESG related documents

Sustainable Development Policy01
2019
2021
Development Strategy for 2014-2023 02
Green bond Framework policy03
2022
2023
ESG criteria for assessing investment projects04
ESG roadmap until 202605
Debut placement of «Green» bonds on KASE: 10 billion tenge06
The Bank's new development Strategy 2024-203307
Obtaining the ESG rating of the Bank from Sustainable Fitch08
AIX Green Bond Issue (CBI): USD 15 million09
ESG Risk Management Concept10
The concept of a «Green project» and sustainable financing11
2024
Issue of stable Eurobonds: 100 billion tenge12
Verified Annual Report of the Bank in accordance with the requirements of GRI, SASB, IFRS S1, S213
Improvement of the bank’s ESG rating from Sustainable Fitch (“2” with an overall score of 64)14

The Bank takes into account 14 of the 17 UN Sustainable Development Goals

The Development Bank's commitment to the United Nations Sustainable Development Goals

Important SDG

The most significant SDG

9 key ESG initiatives according to the Bank’s new long-term Development Strategy

The Development Bank of Kazakhstan implements and integrates ESG factors into the decision-making processes for providing financial support and into the daily activities of both the Bank itself and its borrowers.