Responsibility

Our teams are committed at every level to these best practices as guiding covenants of our business operations.

We recognize that ESG issues can impact the performance of our portfolio companies across businesses, industries and geographies. We have aligned our ESG principles with the United Nations backed framework for Principles for Responsible Investment.

Based on our founding principles of responsible investing:

• We incorporate ESG principles into our investment analysis and decision-making processes as well as our shareholding policies and practices
• We ensure that our portfolio companies adopt the gold standard in Anti-Bribery and Corruption policies
• We demand appropriate disclosure on ESG issues from our portfolio companies
• We respect the human rights of people impacted by our investment activities and steer away from investments in companies that utilize child or forced labor or maintain discriminatory policies
• We are committed to compliance with applicable national, state, and local labor laws in the countries where we invest

In addition to external support, the Kalpak Innovations Group has internal checks, systems and procedures to ensure good governance, compliance and control. We continuously strive to ensure that all our dealings follow ethics of the highest standards. Further, the Kalpak Innovations Group also ensures that its investments and operations are carried out in a manner that reflects fair dealing with business partners, customers and other stakeholders.

We continually review global best practices to ensure the group companies remains in line with the international gold standards for compliance and corporate governance.

GOVERNANCE

The Kalpak Innovations Group is committed to the highest standards of corporate governance, business integrity and professionalism in all its activities.

To ensure that best practices are adhered to, Kalpak Innovations Group seeks the advice of leading consultants to ensure that compliance targets are met, or surpassed.

Ayala, Kazakhstan

Alaya is a charitable organisation based in Kazakhstan which is focused on children's welfare. It receives funding from major corporations to sustain its projects. Kalpak Innovations Group participates in funding boarding school pupils who come from low-income families. It also works in close association with children attending special (correctional) boarding schools.