Expert opinion

Expert opinion15.09.2023

Recommendations to the Government of the Republic of Kazakhstan on development of ESG policy based on the results of session "ESG Policy: Gender aspects and corporate governance" within the framework of the II-th International Business Festival on Renewable Energy “Qazaq Green Fest”, May 25-26, 2023

1.          Set specific and measurable gender diversity goals for boards of directors, executive teams and all staff. These goals should be consistent with industry best practices and take into account the unique circumstances of the company's activities. For example, gender indicators. Formulate a position or policy recommending that all enterprises and companies publish an annual sustainability report and an assurance from a third independent party to ensure transparency and reliability.

2.          Advocate for introduction of transparent payment systems and regular payment equity checks to eliminate the gender pay gap. Call for public disclosure of data on the gender pay gap and taking the necessary steps to ensure equal pay for equal work.

3.          Promote the adoption of inclusive workplace policies that support work-life balance, parental leave, flexible work hours and placement in childcare facilities. Encourage companies to implement comprehensive anti-discrimination and harassment policies to ensure a safe and inclusive work environment.

4.          Encourage companies to implement mentoring and sponsorship programs that support the professional growth and development of women in the labor market. These programs should provide opportunities for professional development, career growth and leadership training.

5.          Encourage companies to implement supplier diversity programs that promote the inclusion of women-owned businesses in their supply chains. Implement practices in organizations to take into account gender diversity and inclusivity as criteria in their procurement processes.

6.          Advocate for increased engagement with stakeholders, including employees, customers, investors, and local communities, on gender issues. Encourage practices to create mechanisms for feedback, consultation and cooperation so that the voices of various stakeholders are heard and taken into account.

7.          Encourage organizations to improve their ESG reports, including specific indicators and indicators related to gender aspects. Promote transparency and disclosure of information on progress made towards achieving gender equality goals, including sharing best practices and lessons learned.

8.          Promote collaboration between companies, industry associations, NGOs and government agencies to share best practices, research and resources related to gender equality and ESG. Encourage the creation of partnerships and initiatives that promote gender equality and inclusivity. One example may be the holding a series of round tables by the Government of the Republic of Kazakhstan in partnership with international companies to familiarize key private sector companies with best practices in the field of ESG.

9.          Attach importance to monitoring and evaluating progress towards achieving gender equality goals. Involve independent auditors and third-party evaluations to ensure transparency and credibility of gender initiatives.

10.      Promote education and awareness programs to challenge gender stereotypes, biases, and unconscious biases. Conduct gender-related trainings for employees and conduct awareness-raising campaigns to foster a culture of inclusiveness and respect. Make recommendations to universities and educational institutions regarding inclusion of courses on ESG and sustainable development in their curricula.

 

13.01.2025
2024 was the hottest year on record, says UN weather agency
13.01.2025
China commissions the world’s largest pumped storage hydropower plant
09.01.2025
Installed capacity of solar panels in Germany reaches 100 GW
08.01.2025
By 2030, 41,000 jobs to be created in Kazakhstan's energy sector
08.01.2025
Uzbekistan expands support for renewable energy
07.01.2025
China surprises the world with the Great Solar Wall
05.01.2025
Renewables account for 48% of EU power generation in 2024 – Eurelectric
31.12.2024
EBRD allocates €105 million loan to Serbia for district heating decarbonisation
27.12.2024
System operators of Kazakhstan, Azerbaijan, and Uzbekistan launch the Green Corridor Project
27.12.2024
Kazakhstan introduces over 700 MW of new energy capacity in 2024
26.12.2024
Strategic partnership: The EDB and Qazaq Green to develop renewable energy in Kazakhstan
24.12.2024
Satbayev University scientists launch solar panel production
23.12.2024
1-gigawatt wind farm to be built in Kostanay region
23.12.2024
European Commission and EIB approve €2.7 billion for clean energy systems via Modernisation Fund
20.12.2024
China: 400 Wh/kg lithium battery boosts drone’s performance by 40% in tests
19.12.2024
Kazakhstan updates requirements for auction participants in renewable energy construction projects
19.12.2024
Kazakhstan secures €6 million for grid efficiency modernization and energy loss reduction
17.12.2024
Italy to host KEY - The Energy Transition Expo from March 5-7, 2025
17.12.2024
IEA to hold major Global Conference on energy eficiency in Brussels in June 2025
17.12.2024
Energy Ministry: eight new renewable energy facilities to be launched in Kazakhstan by end of 2024