The Bank’s sustainability activities

Events

• On 13 February, 2024, the Development Bank of Kazakhstan participated in the PwC Green Finance Conference;
• On 25 December, 2023, the Development Bank of Kazakhstan placed green bonds on the Astana International Financial Centre AIX exchange with CBI certification;
• On 15 December, 2023, the Development Bank of Kazakhstan JSC was among the first in the country to receive an ESG rating from Sustainable Fitch at «3» with a total score of 60;
• On 27 October, 2023, the Long-Term Development Strategy of Development Bank of Kazakhstan for 2024-2033 was approved with the resolution of the Board of Directors (minutes # 320-2023-18). It defines strategic goals and key directions of the Bank’s development;
• On March 29, 2023, the Bank sold its debut issue of green bonds on the floor of the Kazakhstan Stock Exchange (KASE);
• ESG Roadmap until 2026 has been approved;
• On January 25, 2023, the Criteria for evaluating applicants for investment projects for compliance with ESG principles were approved.

The Bank’s first ESG rating

On 15 December, 2023, the international agency Sustainable Fitch assigned ESG Bank a rating of «3» and an overall score of 60, which indicates a high assessment among financial institutions in Kazakhstan.

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

Management approach