ESG risks and their integration into the management system
ESG Risk Management
In Samruk-Energy JSC, ESG risk and opportunity management is integrated into the corporate risk management system and is part of daily business practice at all management levels. Using a risk-oriented approach in its operations, the Company strives to achieve a sustainable increase in value and increase competitiveness in the long term.
The Company's approach to risk and opportunity management is enshrined in the Risk Management Policy, which defines the principles for identifying, assessing, monitoring and reporting on material risks and opportunities, including sustainable development aspects.
The risk management process is systematic and formalised and is used in all structural divisions and functional units of the Company.
The Company conducts a comprehensive risk assessment using risk management tools and a systematic approach to sustainable development
- Assessment of current and future risks, related to the action of global factors of sustainable development
- Forecasting of economic, Socially-demographic and environmental trends
- Analysis of social, environmental and economic aspects of the Company's current impact on the region of operation
- Development of measures to manage the Company's impact on the region of operation, Mitigate risk and seize opportunities
- Increased risk-Culture as a Whole, Analysis of the effectiveness of risk management measures, Identifying opportunities, related to current and future risksConsideration of ESG risks and opportunities is carried out in parallel with the processes of strategic and business planning, which allows you to take into account sustainable development factors when making management decisions.
In the context of sustainable development, the Company identifies key ESG risk groups
- Social risks, including issues of personnel management, impact on local communities and respect for human rights
- Climate and environmental risks, encompassing environmental impacts and issues related to climate change
- Economic risks associated with the economic impact of the Company on the regions of operation and the country as a whole.
ESG risks and opportunities are assessed using a comprehensive approach, including an analysis of current and future sustainability factors, an assessment of global economic, socio-demographic and environmental trends, as well as an analysis of the potential impacts of the Company's activities at the regional and national levels. Based on the assessment, management measures are developed to reduce risks, minimise negative impacts and implement the identified opportunities.
Particular attention in the management system is paid to increasing the maturity of the risk culture, developing employee awareness of ESG risks and assessing the effectiveness of the measures taken. The effectiveness of risk management is regularly reviewed as part of established corporate procedures.
Information on key risks, as well as tools for managing them and the internal control system, is disclosed in the Risk Management and Internal Control section.