#StrengthUnity: ERG supports the initiatives of the Head of State and will continue to fulfill all its obligations

The 60-strong staff and management of the Eurasian Resources Group support the initiatives of the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev, to increase the social responsibility of business. The company welcomes the creation of the public fund "Kazakhstan Khalkyna" and is ready to make contributions to support Kazakhstanis on a regular basis.

– Since the beginning of its activity, ERG has taken on high social obligations to employees, regions and the country. And we support the policy of the President of the Republic of Kazakhstan, Kassym-Zhomart Tokayev, to increase the social responsibility of big business to the people of Kazakhstan,” said Alexander Mashkevich, Chairman of the Board of Directors of ERG. – Despite the difficulties associated with the coronavirus pandemic, we continued to implement the principles of sustainable development in our activities. The head of state in his speech stressed the importance of continuing this work in the face of strengthening ESG requirements. The Group is taking active steps in this direction. As early as last year, the company established the Committee for Ecology, Social Development and Corporate Governance (ESG). A portfolio of projects for the greening of production has been formed in the amount of about 800 billion tenge.

Throughout their activities for 27 years, ERG enterprises have made a significant contribution to the socio-economic development of Kazakhstan.

Over 27 years, the amount of social investments of the Eurasian Group in the regions, including ERG Memorandums with regional akimats, has exceeded $1 billion.

Among the projects implemented with the support of the company are the construction of a children's music school in the city of Ekibastuz, 16 sports and children's playgrounds, mini football fields, support for universities, colleges, schools and kindergartens in their native cities, free tutoring courses for 1 schoolchildren from low-income children, repair of facades and roofs of multi-apartment residential buildings in Aktobe, the terminal building of the international airport in Kostanay, equipping the city emergency medical station in Aktobe, creating a situational center in Pavlodar, opera and ballet theater "Astana-Opera", the Botanical Garden and hundreds of other projects.

In 2021, a new program "ERG for Schools - ERG mektepke" was launched, aimed at developing secondary education in their native regions, popularizing engineering and technical specialties and digital technologies. 280 schools are already participating in the project.

In addition, since 2017, the ERG educational project “Student Entrepreneurship Ecosystem” has provided young people and teachers with the opportunity to gain knowledge and skills in the field of entrepreneurship. Over the five years of work, more than 5 thousand students of Kazakhstani universities have been trained in entrepreneurship. Dozens of business ideas have been implemented, jobs have been created. In 2019, the President of the country, Kassym-Jomart Tokayev, met with project participants in Kostanay.

Free sports clubs take over 2 children in Khromtau, Rudny, Kachar, Oktyabrsky, Aksu and Aktobe on the basis of the Group's own sports complexes

In 2021 alone, the total amount allocated by ERG to charity exceeded 26,3 billion tenge.

ERG recognizes that today it is impossible to be a successful company in the global market without meeting the ESG criteria. A portfolio of projects for the greening of production has been formed in the amount of 800 billion tenge until 2030. The goal is to reduce particulate emissions by 2031% by 56 and discharges to water bodies by 30% by 2026.

According to an EY* study, since 2015, on average, ERG annually provides 1,8% of Kazakhstan's GDP. In 2020, the Group's total contribution to Kazakhstan's GDP amounted to 1,27 trillion. tenge, which is comparable to the value added of four sectors of the economy. According to preliminary estimates, in 2021, such dynamics of the ERG contribution to GDP continued.

Through its activities, the Group supports business development in all regions of its presence. In 2019-2020 alone, with the support of ERG, the business produced products worth 4,56 trillion. tenge.

In addition to its own 60 thousand employees of enterprises in Kazakhstan, the Group maintains and supports 146,5 thousand jobs.

From January 1, 2022, the Kazakhstani enterprises of the Group increased the wages of production personnel by 20-35%. For these purposes, ERG will additionally allocate 70 billion tenge. More here.

At the end of 2021, ERG paid 377 billion tenge in taxes. This is 65% more than in 2020, when ERG's tax contribution amounted to 228 billion tenge.

*Studies of the full contribution of ERG to the socio-economic development of Kazakhstan in 2015-2018 and in 2019-2020


Source: erg.kz.