Stakeholder engagement
KMG recognises the importance of its economic, environmental and social impact and strives to maintain a balance between stakeholder interests, taking a responsible, informed and rational approach to stakeholder engagement.
KMG has an approved Stakeholder Map, reflecting risks and rankings (based on direct or indirect dependence), obligations, the situation (with a special focus on higher-risk areas), influence and different prospects. The Company effectively implements Stakeholder Engagement Plans. KMG follows best stakeholder engagement practices, including such international standards as AA1000 Stakeholder Engagement Standard
The Company’s goal is to increase stakeholders’ loyalty by improving working conditions and building a productive dialogue with stakeholders, which boosts KMG’s performance through understanding and support from customers, shareholders, investors, authorities, local communities and public organisations.
Stakeholder group | Type of provided information | Communication methods |
---|---|---|
Shareholders | Information on the Company’s performance, corporate events of interest for security holders |
|
Subsidiaries and dependent companies | Information on the Company’s performance, strategic development plans, introduced corporate governance mechanisms, communication methods, corporate events of interest for subsidiaries and dependent companies |
|
Company employees and their trade unions | Information on the Company’s development plans, working conditions, career opportunities, protection of social and labour rights, corporate events of interest for KMG employees |
|
Business partners, suppliers, consumers For more details see the Supplier Relations section | Information on the management’s decisions that may impact mutually beneficial cooperation, corporate events of interest for partners, suppliers and customers |
|
Investors For more details see the Investor Communications section | Information on the Company’s performance, corporate events of interest for investors and the investment community in general |
|
Authorities | Information on social, economic, environmental and industry aspects of interest for the government and people |
|
Financial institutions | Financial information of interest for financial institutions, matters of the Company’s financial stability |
|
Local communities | Information on employment, corporate social responsibility, environmental safety and protection |
|
Mass media | Any information unless deemed confidential under Kazakhstan’s laws and KMG’s internal documents |
|
Public organisations | Any information unless deemed confidential under Kazakhstan’s laws and KMG’s internal documents |
|