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

Events

2025

2024

2023

February

On February 17, DBK's Annual Report received another prestigious recognition – it was awarded in the nomination "Best Annual Report in the Financial Sector 2023". The reports were evaluated by KASE employees in collaboration with Kazakhstani experts in annual report preparation and analysis.

December

On December 19, DBK's Annual Report entered the top 10 of the PwC ESG Information Disclosure rating. On December 13, the Sustainable Fitch rating agency has upgraded the ESG rating of Development Bank of Kazakhstan JSC from level "3" to level "2," with an overall score of 64 out of 100 (previously 60 score). This reflects the Bank's effective efforts in implementing ESG principles in its operations, among its borrowers, and in the development of sustainable financing.

November

On November 15, Development Bank of Kazakhstan JSC took part in XII Congress of Financiers of Kazakhstan. Theme of the event, which brought together leading experts and representatives of country's financial sector, was "Liberalization of Financial Sector: Rights and Obligations". The Congress was held under auspices of the sustainable development of financial sector and introduction of ESG principles.

September

On September 13, as part of a trip to China, DBK representatives attended the One Belt, One Road Summit in Hong Kong, focusing on financing sustainable infrastructure projects, developing transport and logistics infrastructure, and driving innovation within the initiative

August

On August 9, Development Bank of Kazakhstan JSC issued the annual report for 2023, verified by PwC. The Bank disclosed information in accordance with the international requirements of GRI, SASB, IFRS S1 and IFRS S2 (previously – TCFD recommendations), as well as the requirements of the national regulator - the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market and the Rules of the Kazakhstan Stock Exchange KASE

July

On July 30, Development Bank of Kazakhstan JSC held the second panel session «DBK Talks: Sustainable Development». The event was attended by experts, representatives of government agencies and financial sector. The main purpose of the session was to share best practices and ideas in the field of ESG (environment, social responsibility and corporate governance)

June

On June 27, Development Bank of Kazakhstan JSC as a member of the Green Investment Principles, participated in the forum "Expanding Opportunities for Ensuring Sustainability: Innovative Financial Solutions for Sustainable Investments" in Hong Kong, organized by the Capacity-building Alliance for Sustainable Investment (CASI) On June 5, Development Bank of Kazakhstan JSC took part in the Sustainable Trends Kazakhstan Forum - 2024, where it presented its experience in implementing ESG initiatives in the activities of the Bank and its borrowers

May

On May 20, the Development Bank of Kazakhstan (a subsidiary of Baiterek Holding) was awarded a number of prizes by the Association of Development Finance Institutions in Asia and the Pacific (ADFIAP). The bank received special awards in the categories of Best Website and Best Sustainability Report.

April

On April 16, the Development Bank of Kazakhstan placed 2 bond issues: the first issue in the amount of 500 million US dollars, the second debut issue of sustainable development Eurobonds in the amount of 100 billion tenge On April 26, the Development Bank of Kazakhstan joined the UN Global Compact

March

On March 6, the Development Bank of Kazakhstan organized an ESG seminar with the aim of exchanging experiences on integrating ESG principles into the activities of the bank and its borrowers On March 12, the Development Bank of Kazakhstan was recognized in the nomination “Leader of the ESG Bond Market” as part of the annual award ceremony for companies participating in the capital market, held by the Kazakhstan Stock Exchange (KASE) On March 18–19, a working visit of representatives of the Development Bank of Kazakhstan to Beijing took place, during which the DBK officially joined the signatories of the Green Investment Principles for Belt and Road (GIP) in Central Asia

February

On 13 February, the Development Bank of Kazakhstan participated in the PwC Green Finance Conference

December

On 15 December, the Development Bank of Kazakhstan was among the first in the country to receive an ESG rating from Sustainable Fitch at «3» with a total score of 60 On 25 December, the Development Bank of Kazakhstan placed green bonds on the Astana International Financial Centre AIX exchange with CBI certification

October

On 27 October, 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

April

ESG Roadmap until 2026 has been approved

March

On March 29, the Bank sold its debut issue of green bonds on the floor of the Kazakhstan Stock Exchange (KASE)

January

On January 25, the Criteria for assessing applicants for investment projects for compliance with ESG principles were approved

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.