REG - JSC NAC Kazatomprom - S&P Global Ratings Assigns KAP an ESG rating

S&P GlobalAnnouncement

30/12/2022 12:00

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RNS Number : 3561L  JSC National Atomic Co. Kazatomprom  30 December 2022

AIX: KAP, KAP.Y (GDR)

LSE: KAP (GDR)

Currency: KZT (₸), unless otherwise specified

 

 

30 December 2022, Astana, Kazakhstan
S&P Global Ratings Assigns Kazatomprom an ESG rating

JSC National Atomic Company Kazatomprom ("Kazatomprom", "KAP" or "the
Company") announces that S&P Global Ratings ("The rating agency") has
assigned the Company an Environmental, Social and Governance (ESG) Evaluation
score of 51/100. Kazatomprom's ESG Evaluation score is based on the rating
agency's view of the Company's relative exposure to observable ESG-related
risks and opportunities, and its qualitative opinion of the Company's
long-term sustainability and readiness for emerging trends and potential
disruptions.

S&P Global Ratings ESG evaluation methodology is based on an assessment of
global relative positioning of each industry sector to environmental and
social risk exposure, and regional analysis of natural disaster risk, social
and governance standards. The Company's current ESG Evaluation score of 51
reflects the mining industry's significant exposure to inherent environmental
and social risks, which are partly offset by the Company's effective ESG
management practices, primarily related to the highly regulated nature of its
businesses at both the local and international levels. Of note, the current
global maximum ESG evaluation score among Metal & Mining sector companies
is 68 (of 100) with a global Metal & Mining sector average of 50 (of 100).

The ESG Evaluation was derived from the Company's quantitative performance
indicators, qualitative analysis and interactions with the Company, including
meetings and discussions with Kazatomprom's Chairman of Board of Directors,
Neil Longfellow, Chief Commercial Officer, Askar Batyrbayev and the Company's
sustainability team led by A. Baizhomartova which collectively indicates the
Company's strong commitment to the highest ESG standards throughout its
operations and management practices.

"According to The rating agency, Kazatomprom is better positioned than its
wider mining sector peers," said Neil Longfellow, chairman of Kazatomprom's
Board of Directors. "This is largely thanks to the Company's exclusive use of
the in-situ recovery mining method, one of the least disruptive methods
available. The evaluation also reflects Kazatomprom's commitment and
contribution to global decarbonisation efforts in its downstream value chain,
since it is the leading producer of the uranium used to fuel and generate
low-carbon electricity from nuclear reactors. In terms of social and
governance performance, The rating agency stated that the Company manages its
safety and workforce risks in line with industry practices and international
standards, and the assessment determined Kazatomprom's governance practices to
be broadly in line with local standards. A great deal of work goes into
gathering information and organizing the data required for an ESG rating, so
the Board would like to thank Mr. Batyrbayev, and the sustainability team for
the significant effort that went into helping the Company reach this
milestone."

The full ESG Evaluation report from S&P Global Ratings is available at:

https://www.spglobal.com/ratings/en/research/pdf-articles/221228-esg-evaluation-kazatomprom-101571073
(https://www.spglobal.com/ratings/en/research/pdf-articles/221228-esg-evaluation-kazatomprom-101571073)

Kazatomprom Investor Relations Inquiries

Yerlan Magzumov, Director, Investor Relations

Cory Kos, International Adviser, Investor Relations

Tel.: +7 7172 45 81 80 / 69

Email: ir@kazatomprom.kz

Kazatomprom Public Relations and Media Inquiries

Sabina Kumurbekova, Director, Government and Public Relations

Gazhaiyp Kumisbek, Chief Expert, Government and Public Relations

Tel.: +7 7172 45 80 22

Email: pr@kazatomprom.kz

A copy of this announcement is available at www.kazatomprom.kz
(http://www.kazatomprom.kz) .

About Kazatomprom

Kazatomprom is the largest uranium producer in the world with natural uranium
production in proportion to the Company's participatory interest in the amount
of about 24% of the total global primary uranium production in 2021. The group
has the largest uranium reserve base in the industry. Kazatomprom, together
with subsidiaries, affiliates and joint organizations, is developing 26
deposits combined into 14 uranium-mining enterprises. All uranium mining
enterprises are located on the territory of the Republic of Kazakhstan and
when mine uranium use in-situ recovery technology, paying particular attention
to best HSE practices and means (ISO 45001 and ISO 14001 certified).

Kazatomprom's securities are listed on the London Stock Exchange, the Astana
International Exchange and the Kazakhstan Stock Exchange. Kazatomprom is the
National Atomic Company of the Republic of Kazakhstan, and the main customers
of the group are operators of nuclear generating capacities, and the main
export markets for products are China, South and East Asia, North America and
Europe. The Group sells uranium and uranium products under long-term and
short-term contracts, as well as on the spot market directly from its
corporate centre in Astana, Kazakhstan, as well as through a trading
subsidiary in Switzerland, Trading House KazakAtom (THK).

For more information, please, visit our website http://www.kazatomprom.kz
(http://www.kazatomprom.kz)

Forward Looking Information

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