Nurbank successfully implements ESG principles in its operations, confirming that business can bring not only profit but also benefit to society and nature.
The abbreviation ESG stands for ‘Environment, Social, Governance’. These are a set of rules and business management approaches that promote sustainable development.
- E (Environment) – a careful attitude towards the environment.
- S (Social) – social responsibility: interaction with customers, employees, and society as a whole, compliance with labor standards, quality service and safety, charitable initiatives.
- G (Governance) – responsible corporate governance. Transparency in company operations, data security for clients, payment of lawful wages, and anti-corruption efforts.
Nurbank operates in all three ESG directions and sets the following goals:
E – in the field of ecology
- Achieve carbon neutrality and contribute to the national transition to low-carbon development.
- Increase the efficiency of materials, energy, and water usage, as well as implement a rational waste management system.
- Finance low-carbon projects and projects with significant positive social and environmental impacts.
- Support projects and events aimed at promoting environmental awareness among the country's population.
S – in the social sphere
- Create decent working conditions for employees, care about their health and well-being, and make every effort to improve their quality of life.
- Provide employees with ample opportunities for professional and personal growth.
- Support the principles of gender equality.
- Respect and protect human rights within its own operations and supply chain, and impose relevant requirements on suppliers and business partners.
- Support social and charitable projects and implement socially significant programs in healthcare, education, and culture.
- In 2023, Nurbank allocated KZT 260.5 million to charity.
G – in the field of governance
- Ensure information security and client data protection, improve the system of anti-corruption and financial crime prevention.
- Maintain high standards of corporate governance and business ethics across all group companies and promote their dissemination among suppliers and contractors.
- Maintain a transparent management system, proper compliance procedures, and reporting based on international standards.
- Support clients in their ESG transformation to spread best practices in the Kazakhstan market.
- Provide clients with in-demand ESG products and services in all business segments and implement procedures for assessing and managing ESG risks.
