ASTANA, Kazakhstan - S&P Global (NYSE:SPGI) has recently updated the Corporate Sustainability Assessment (CSA) score for National Atomic Company Kazatomprom (LON:KAPq) JSC ("Kazatomprom"), assigning the Kazakhstan-based nuclear fuel producer a new score that reflects a notable improvement in its environmental, social, and governance (ESG) practices. On December 6, 2024, the international rating agency awarded Kazatomprom a CSA score of 48 out of 100 and an overall ESG score of 50 out of 100. This marks a 7-point increase from the previous year and is nearly double the industry average.
The enhanced ESG score signifies Kazatomprom's effective management of sustainability issues and underscores its commitment to responsible business practices. ESG ratings are crucial as they provide an unbiased evaluation of a company's sustainability efforts, including its approach to managing environmental and social risks and adhering to governance standards.
Kazatomprom has emphasized the importance of sustainable development in its operational strategy, aiming to maintain stability and competitiveness while creating value for all stakeholders. The company's improved disclosure of ESG information is instrumental in identifying risks and opportunities, thereby increasing its adaptability to emerging challenges.
The company has expressed its intention to continue advancing its ESG performance, furthering sustainable development initiatives. This progress is aligned with Kazatomprom's strategic objectives and reinforces its leadership position within the nuclear fuel industry.
This article is based on a press release statement.
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