Karachaganak Petroleum Operating B.V. (KPO) has received an award at the KASE annual report competition in the category "Best Sustainability Report for 2023". KASE has been holding the annual report competition since 2022. The annual reports were assessed by KASE employees, as well as Kazakhstani experts in the field of annual reports’ assessment and preparation.

KPO was included in the top ten of leaders in the 5th edition of the Rating of the 50 Best Companies in terms of ESG information disclosure, conducted by PwC Kazakhstan based on the results of annual reports 2023. KPO was awarded a diploma as a winner in the nomination «Best Practice in ESG disclosures». The total scope included 98 companies operating in Kazakhstan.

Since 2009, when KPO released its first Sustainability Report, the Venture has been continuously recognized among the top few companies in Kazakhstan for the quality of disclosure. For KPO, the Report has become a key strategic communication tool not only because it provides the highlights of its performance, but also as a platform for promoting its commitment to sustainability with priorities placed on environment, socio-economic development and corporate governance.

Sustainability reports have long become an effective instrument for investors and stakeholders to assess the full value of a company. High-quality reporting and comprehensive disclosure allow organizations to publicly demonstrate the extent of their readiness to prevent negative impacts, manage risks in economic, environmental, social and corporate spheres, while continuing to generate profits for their shareholders in the short, medium and long term.

KPO Public and Media Relations Department

Notes to Media:

Karachaganak Petroleum Operating B.V. (KPO) is a joint venture between Eni SpA (29.25%), Shell plc, (29.25%), Chevron (18%), Lukoil (13.5%) and KazMunayGas (10%).

KPO oversees the expansion and development of the Karachaganak field — one of the world’s largest gas and condensate fields.