ESG Transformation and the “Social Licence” in Kazakhstan’s Mining Sector
Format: Presentations and panel discussion organised in partnership with IMC Montan
Sustainable development is becoming an integral part of the strategy of Kazakhstan’s mining sector, which is entering a new phase of growth. Over the past five years, private investment in solid mineral exploration has increased 2.5 times, rising from KZT 33.9 billion to KZT 82 billion. At the same time, trends across the metals sector demonstrate a tangible expansion of both the mineral resource base and production. Against this backdrop, ESG factors and the social licence to operate are emerging as essential and interconnected pillars supporting sustainable growth: the former establishes an institutional framework for responsibility and risk management, while the latter reflects the extent to which sectoral growth is genuinely accepted by society, employees, and local communities.
During the session, we will examine how international standards for assessing social and environmental commitments are being adapted to national realities. Experts from IMC Montan will present a methodology linking environmental and social risks with a company’s financial performance. The discussion will also cover the specific features of assessment and assurance mechanisms for environmental and social obligations, alongside practical case studies demonstrating the implementation of selected ESG strategy objectives at operational sites.