Professional development

Employee development is based on the 70/20/10 principle, in which each employee is responsible for his training and development through an individual development plan. We invest in self-development, training, coaching, mentoring, functional academies, HR projects, and professional communities within the Fund Group to create a highly qualified human resources potential. GRI 3-3

On average, one employee of the Fund Group completed 23 academic hours (19 hours in 2022) of training in 2023. GRI 404-1

Portfolio companies also conduct training on sustainable development issues. For example, to increase employee awareness of ESG best practices, during the second quarter of 2023, the power and heat generation sector organized corporate training for employees at all levels on the topics: “Global Climate Agreements,” “National Greenhouse Gas Regulations,” “ESG principles/practices,” “Carbon cycle, climate change, monitoring methods,” “RES: global trends and development in the Republic of Kazakhstan,” “Corporate strategies.” The training was conducted by Tetra Tech ES, Inc., a corporation implementing the Central Asia Energy project funded by USAID.

Average number of academic hours of employee training by gender and by personnel category

We value our employees’ talent and diligence. The core principles of talent management include developing the Fund’s talent pool in line with business strategy, transparency, and fairness, creating a pool of successors that meet real needs, discussing career plans, and developing employees’ careers outside their department.

Regular performance evaluation of the Fund's personnel is regulated by internal regulatory documents. The number of employees receiving regular performance and performance reviews is 43,384 representing 16% of the Fund’s headcount. GRI 404-3

We conduct development forums and educational programs with the private company Samruk Business Academy. All educational programs and educational organizations that have passed international accreditation by the IAAR agency are included in the European database — DEQAR (The Database of External Quality Assurance Results), which confirms the compliance of educational programs and organizations with global ESG quality standards.