
ESG Awareness in Eurasia
PwC Kazakhstan Edition
ESG is a set of environmental, social and governance principles for the sustainable development of a company. ESG criteria are currently used by investors and other stakeholders, as they allow assessing the risks and opportunities for the development of an organisation. Climate change and resource scarcity; safety issues and data security; diversity and equal career opportunities, transparency and ethical compliance practices - these issues affect a company's ability to create value in the long term.
PwC supports companies in their quest to move from theory to practical implementation of ESG principles by helping them develop a specific plan and strategy and implement individual initiatives.
ESG isn’t just a responsibility of a company but an effective risk management and opportunity for growth. But integration of ESG practice might seem overwhelming. This first step will help you start your journey.
Currently, stakeholders assess a company based on its environmental, social and governance performance, among other things. Thus, it is crucial for the company to demonstrate its action plan and commitment to results.
How can we help?
Materiality analysis
In order to determine which ESG aspects to focus on, we analyse all of the company's operations and supply chain, and consult with its internal and external stakeholders.
Goal setting and KPI selection
We help you select and set specific goals for each strategic ESG area, and identify a set of key performance indicators, which would allow you to monitor the progress, on the basis of which subsequent non-financial information will be disclosed.
Roadmapping
We will propose a plan with initiatives for each specific ESG area aimed at achieving the set objectives, which will form the basis of the ESG practice for the upcoming years. Instead of incoherent ideas you will have a structured roadmap with a focus on those projects that will give you the most value.
Like you, we are committed to the careful management and integration of ESG principles and investments. Our own journey has taught us that it is possible to help solve problems in society and strengthen business at the same time. We have set climate-related goals, implemented ESG principles into corporate strategy, are developing reporting practice, and helping our clients to take practical and meaningful steps towards ESG.
PwC Kazakhstan Edition
Green bonds
Adaptation of the Strategy& Study “Watt’s the plan?”. February, 2024
Fourth edition (based on 2022 reports)
Boards of Directors can lead the way on ESG-agenda implementation
Key ESG areas to keep a watch on this year
Third edition (based on the reports of 2021). December 2022
Energy Transition in Kazakhstan – Back to the Sustainable Future
Investors say sustainability is a priority for companies, but financial discipline and transparency in ESG and sustainability reporting are needed.
Second edition (based on 2020 reports). December 2021
First edition, May 2021
With 193 governments agreeing to deliver 17 goals tackling major world issues by 2030, change lies ahead for business, not only to rethink strategy and business behaviour to align with the goals, but also to assess and evidence their impact.
Seminar: “ESG factors integration: relevance and approach”
During the seminar, we discussed why ESG is important for investors and regulators. We talked about ESG reporting and ESG ratings. We also covered the key points of the new environmental code.
Conference: “ESG reporting and investors’ perspective”
During the conference, we presented the results of the Rating of ESG information disclosure, and our review of ESG reports of Kazakhstani companies, talked about changing reporting standards, and awarded the best performers.
We also discussed the expectations of investors, the view of stock regulators, and approaches to the assessment of ESG factors. In addition to PwC experts, experts from IFC, KASE and S&P Global Ratings spoke at the conference.
Conference: “Green finance and debt capital market”
The international approach and trends and the development of Kazakhstani practice in sustainable finance were discussed at an expert conference, which was organised by PwC Kazakhstan in partnership with Halyk Bank and KASE. Conference speakers included European green finance experts from PwC and Strategy&; Halyk Bank, KASE, VTB Capital, Citi, JP Morgan.
Webinar: “EU cross-border carbon regulation”
As part of the webinar, we talked about how the cross-border regulation works, which industries the new requirements apply to, and what is expected from exporters. We discussed issues of calculation of GHG emissions and their verification. We also touched upon international experience in stimulating decarbonisation by providing tax incentives and subsidies.
Almaz Sadykov
Partner, ESG, Corporate Governance and IPO preparation services, Almaty, PwC Kazakhstan
+7 717 255 0707
Natalya Lim
Ekaterina Timofeeva