Signing of the Memorandum with ESGQ

On November 30, at the Office of the BeNeLux Chamber of Commerce in Astana, a Memorandum of Understanding was signed between the ALE "Association of the BeNeLux Chamber of Commerce" represented by the General Director Anuar Kurzhikaev and the ESGQ rating agency represented by the General Director Yerlik Karazhan.

Taking into account the fact that ESGQ is the first ESG rating agency in Central Asia with local content and complies with advanced international standards and practices, and the intention of the BeNeLux Chamber of Commerce to disseminate the ESGQ methodology among the members of the Chamber and attract companies from Belgium, the Netherlands to the Kazakhstan market and Luxembourg, taking into account sustainable development issues and implementing ESG standards in their work, the parties agreed to work closely in promoting common ESG risk management initiatives in Kazakhstan.

The parties also provide for holding joint events in the Republic of Kazakhstan and Central Asia, including acceleration programs, workshops, master classes, mentoring, etc. for members of the BeNeLux Chamber of Commerce, current foreign investors of the Chamber, as well as Kazakh entrepreneurs.

In addition, the parties agree to share information, knowledge and market trends to support the fight against global climate change and initiatives in the countries of Central Asia on ESG through the attraction of effective investments in "green" and other best practices.