Better Health for All

KAZ Minerals' core products, copper cathode and concentrate, are raw materials for industrial use and have no direct positive or negative health impact on end-users. The company's revenue is not derived from products with direct negative health outcomes, nor do its products have direct safety implications for users or carry health risks requiring disclosure. KAZ Minerals does not offer health-related products or services, collect health data, hold healthcare patents, produce food, or conduct clinical trials. Its R&D is not focused on health outcomes. However, KAZ Minerals' operations generate significant health externalities. In 2021, absolute CO2 emissions increased by 3% to 2,037 kt, waste rock by 22% to 24.7 Mt, tailings waste by 10% to 63.4 Mt, and water withdrawal by 32% to 41,612 megalitres.

The company aims to reduce CO2 emissions per sulphide ore processed by 5% by 2024, explicitly linking this to mitigating environmental health risks. KAZ Minerals engages in health equity programs through social investment. In 2021, it invested $44 million (1.58% of $2,784 million revenue) in social projects, including funding for healthcare outcomes, donating medical equipment to hospitals, and providing a macular tester to a specialized nursery-kindergarten for visually impaired children. During the Covid-19 pandemic, KAZ Minerals implemented a comprehensive crisis response, including infection control, testing, quarantine, and a vaccination program for over 90% of its staff (98% in the East Region by end of 2021). It also provided Covid-19 antibody tests to hospitals in Chukotka. The company's initiatives for preventative health, mental health, and healthcare workforce support are primarily focused on occupational health and safety for its employees, rather than the general population.

Fair Money & Economic Opportunity

KAZ Minerals is a copper mining company operating in Kazakhstan and Kyrgyzstan.

The company is not directly involved in providing equitable financial services, such as lending or banking, nor does it offer consumer credit products or operate financial service access points. Therefore, all KPIs related to financial products, pricing, fees, customer data, and lending compliance are not applicable. While KAZ Minerals makes significant social investments, including $52 million in 2024, $36 million in 2023, and $44 million in 2021, these are directed towards general community projects like schools, infrastructure, and healthcare, rather than specific community finance or profit-sharing initiatives for underserved populations. The company's economic contributions, such as job creation, local procurement (63% of total spend in the East Region in 2023), and tax payments ($1,059 million in Kazakhstan in 2023), are indirect and do not align with the core principles of financial inclusivity and empowerment as defined by this value.

Fair Pay & Worker Respect

KAZ Minerals ensures all employee pay exceeds minimum and living wages defined by Kazakhstan's government, with wages adjusted for inflation

. In 2023, the company's Total Recordable Injury Frequency Rate (TRIR) was 1.06 , an improvement from 1.10 in 2022 , though one fatal incident occurred at the Artemyevsky underground mine . Employee feedback on Glassdoor indicates that 86% of employees recommend the company . Furthermore, KAZ Minerals found no modern slavery indicators in 2023 through regular assessments .

Fair Trade & Ethical Sourcing

In 2023, senior managers at KAZ Minerals' sites assessed and monitored working conditions, particularly among contractor staff, and detected no indicators of modern slavery.

A risk assessment of major suppliers conducted in 2023 also identified no significant risks requiring additional due diligence. The company has a Code of Fair Employment which prohibits human trafficking, forced, involuntary, bonded, indentured, or child labor.

Honest & Fair Business

KAZ Minerals has a comprehensive Anti-Bribery and Corruption (ABC) Compliance Programme, aligned with the UK Bribery Act 2010, which has been in force across all Group operations since 2011.

This program prohibits all forms of bribery and corruption, including facilitation payments, and includes policies on interactions with public officials, gifts, hospitality, and due diligence on third-party partners. ABC clauses are included in contracts with business partners. Regular training, including annual refresher training for existing employees and induction for new employees in 2024, is conducted. Risk assessments identify employees for targeted training, and supply chain monitoring training was provided to 3,777 employees in 2023. Monitoring and assurance of processes are carried out by Internal Audit and external advisors. The company operates a comprehensive "Speak Up Policy," approved in June 2024, which applies to all employees and third parties. This policy encourages reporting of various ethical concerns and explicitly states that retaliation against individuals raising concerns in good faith will not be tolerated and will result in disciplinary action. An independently-run, 24/7 anonymous reporting channel, provided by Safecall Limited, is available with translation services and specific phone numbers for multiple countries, as well as online and email options. All reports are investigated and monitored by the Audit Committee or Supervisory Board, and individuals are informed of outcomes unless raised anonymously or in exceptional circumstances.

Kind to Animals

KAZ Minerals Aktogay LLP was identified as a large polluter in the Abay region in October 2024.

, with 98 environmental legislation violations and 97 orders issued, indicating significant habitat degradation. The company states a commitment to biodiversity protection and avoids operating in high biodiversity value areas. It undertook a "Clean Riverbank" project in August 2022 to restore the Talovka river. and launched an initiative for 2024-2026 to plant 20,000 trees and 20,000 shrubs with a survival rate exceeding 70% for local biodiversity enhancement. The company is also actively involved in drafting a new environmental code in Kazakhstan through the Mining Association and engages in international environmental sustainability programs. Due to the nature of its mining business, the company has no animal-derived products, animal testing, animal agriculture operations, or related R&D, rendering most animal welfare KPIs not applicable.

Planet-Friendly Business

KAZ Minerals has set a target to reduce CO₂ emissions intensity by 5% from a 2018 baseline by 2024.

However, there is no evidence that these targets are validated by the Science Based Targets initiative (SBTi).

Respect for Cultures & Communities

In 2023, the company invested $36 million in social projects, representing 0.835% of its $4,308 million revenue.

No cultural appropriation incidents were reported. In 2023, 98% of permanent employees were nationals of the countries of operation. A 24/7 independently-run 'Speak Up' whistleblowing hotline is available across all Group operations, with translation facilities and toll-free numbers for the UK, Kazakhstan, and Kyrgyzstan. FPIC processes have not been applicable as the resettlement of indigenous populations has not been necessary. In 2024, local procurement share was 68% in the East Region, 49% at Aktogay, and 53% at Bozshakol. The company commits to protecting culturally sensitive areas and local heritage, and no incidents disrupting cultural or heritage sites have been reported.

Safe & Smart Tech

KAZ Minerals' information security system complies with the ISO/IEC 27001 international standard as of 2016.

The company states it does not sell or release personal data to third parties for marketing purposes. Individuals have rights over their personal data, and the company provides contact information for data protection inquiries and the right to complain to the UK data protection regulator (ICO). KAZ Minerals regularly conducts information security audits, identifies risks, develops mitigation measures, and identifies and corrects bottlenecks in systems. It also conducts annual inspections of anti-virus, backup, PC, and server update systems, and quarterly inspections of information systems, access matrices, accounts, and EDS keys. The baseline retention period for records and documentary evidence is 6 years, and data from unsuccessful recruitment applications is deleted after 12 months. The company states it complies with applicable laws and regulations, including the UK Bribery Act 2010 and the UK Modern Slavery Act 2015, and environmental laws in Kazakhstan and Kyrgyzstan.

Zero Waste & Sustainable Products

KAZ Minerals generated 88.9 million tonnes of tailings waste in 2023, representing a 4% increase from the previous year due to higher ore processing volumes.

The company emphasizes the safe management of this waste through rigorous monitoring and aims to align disclosure with the Global Industry Standard on Tailings Management.