ESG

ESG - a new vector of sustainable development. The topic of sustainable development was widely discussed at the panel session «ESG Principles in Industrial Waste Management» of GEWR Business Forum in Nur-Sultan. ESG (Environmental, Social, Governance principles) can be decoded as «environment, social policy and corporate governance», where E - issues related to the company's impact on the environment and climate, S - issues related to the quality of relations with employees, contractors, counterparties, G - corporate governance issues.

Representatives of the KazEnergy Association, the ESG Centre of Expertise of the Institute of Economic Research under the Ministry of National Economy of Kazakhstan, the Association of Mining and Metallurgical Enterprises and West Dala took a part in the discussion as speakers. Atameken in Kazakhstan has adopted a National Corporate Governance Code, where disclosure of ESG information is a key determinant of governance transparency. The Kazakhstan Stock Exchange introduced mandatory ESG reporting from 2021.

«For companies in the industrial waste management sector, the topic of ESG will become increasingly relevant as many industries gradually move towards a sustainable development model. In particular, this applies to Kazakhstan's oil and gas industry», - said forum speaker Dias Khabiev, Director for Corporate Development of West Dala.
The panelists were unanimous in saying that ESG sustainability approaches improve the way companies do business and increase their investment attractiveness.

 

                                          

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West Dala congratulates everyone on the beginning of the new academic year! September 1st marks new hopes, dreams, and an important start for every student. Traditionally, West Dala takes part in the nationwide campaign “Road to School,” supporting children and helping them step confidently into the new school year.

At the end of August, the first Forum on Artificial Intelligence in the Oil and Gas Industry was held in Atyrau. The initiator was the Union of Oilfield Service Companies of Kazakhstan (KazService) with the official support of the Akimat of Atyrau Region, the Ministry of Energy of the Republic of Kazakhstan, the Ministry of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan, and the Atameken National Chamber of Entrepreneurs.

In July, a training session on “Risk Management” was held as part of implementing the recommendations following the ISM recertification audit.

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