Sustainable
Development
Policy
KazAgroFinance strives for harmonious management of the economic, environmental and social aspects of its activities to ensure sustainable development in the long term.
Sustainable development in the Company consists of three component categories: economic, environmental and social, aspects of which are taken into account by the GRI Standards.
The economic component of sustainable development contains the following goals:
- break-even point of operations;
- ensuring the interests of the Sole Shareholder and investors;
- increasing the efficiency of processes;
- growth of investments in agriculture.
The environmental component of sustainable development contains the following goals:
- minimisation of impact on biological and physical natural systems;
- optimal use of limited resources;
- application of environmentally friendly, energy- and material-saving technologies.
The social component of sustainable development is focused on the principles of social responsibility and includes the following goals:
- ensuring transparent competitive procedures and equal opportunities in hiring;
- fair remuneration and respect for workers’ rights;
- ensuring labour safety and maintaining workers’ health;
- training and professional development of workers;
- implementation of internal and external social programs.
The company analyses its activities in these three aspects and strives to prevent or reduce the negative impact of its activities on stakeholders. KazAgroFinance supports and recognises the importance of all 17 UN Sustainable Development Goals (hereinafter referred to as SDGs) and strives to make a significant contribution to achieving the SDGs.
As part of its activities, the Company achieves the following Sustainable Development Goals:
SDG 1.
End poverty in all its forms everywhere
- implementation of initiatives aimed at increasing the availability of financial services
- charity and sponsorship
SDG 2.
End hunger, achieve food security and improved nutrition and promote sustainable agriculture
- The Company provides assistance in technical equipment of the agro-industrial complex by providing leasing services for the acquisition of agricultural machinery and equipment. Thus, through the technological renewal of the agro-industrial complex with high-performance equipment, the Company has a significant impact on food security
SDG 3.
Ensure healthy lives and promote well-being for all at all ages
- creation of safe working conditions and maintaining the health of the Company’s employees
- social support for employees
SDG 5.
Achieve gender equality and empower all women and girls
- creation of equal working conditions and career opportunities
- ensuring an equal system of performance evaluation and remuneration
SDG 8.
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
- growth of investment in agriculture
- development of business in the agro-industrial complex by providing leasing services
SDG 12.
Ensure sustainable consumption and production patterns
- Improving the energy saving culture
- Reducing resource consumption (energy consumption, water consumption)
- Optimising paper document flow through automation of the Company’s business processes
SDG 15.
Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss
- KazAgroFinance leases only new modern agricultural machinery, which, compared to outdated worn-out equipment, has less negative impact on the environment (reduced emissions of harmful substances into the atmosphere and soil pollution as a result of petrochemical waste during operation). Accordingly, the Company’s portfolio does not include green/sustainable projects and calculations of the share of such projects are not conducted
Sustainable
Development
(ESG):
| UN Sustainable Development Goals: | UN Sustainable Development Targets: | Company Contribution: |
| End poverty in all its forms everywhere  | Establish robust policy frameworks at the national, regional and international levels, based on pro-poor and gender-sensitive development strategies, to support accelerated investment in poverty eradication activities |
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| End hunger, ensure food security, improve nutrition and promote sustainable agricultural development  | Take measures to ensure proper and functioning markets for food and processed products and facilitate timely access to market information, including on food reserves, to help limit excessive volatility in food prices |
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| Ensuring healthy lifestyles and promoting well-being for all at any age  | Ensuring universal health coverage, including financial risk protection, access to quality essential health services and access to safe, effective, quality and affordable essential medicines and vaccines for all |
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| Ensuring gender equality and empowerment of all women and girls  | Ensuring the full and effective participation of women and equal opportunities for them to lead at all levels of decision-making in political, economic and public life. Eliminate all forms of discrimination against all women everywhere |
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| Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all  | Achieve increased productivity in the economy through diversification, technological upgrading and innovation, including by focusing on high value-added and labour-intensive sectors. Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalisation and development of micro, small and medium enterprises, including through access to financial services |
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| Ensure sustainable consumption and production patterns  | Achieve increased productivity in the economy through diversification, technological upgrading and innovation, including by focusing on high value-added and labour-intensive sectors |
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| Protect and restore terrestrial ecosystems and promote their sustainable use, sustainably manage forests, combat desertification, halt and reverse land degradation and halt biodiversity loss  | By 2030, significantly reduce the volume of waste through measures to prevent its formation, reduce, recycle and reuse |
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