Report of the Health, Safety, Environment and Sustainable Development Committee

In 2025, the Health, Safety, Environment and Sustainable Development Committee held 9 meetings and reviewed 61 matters.

As at 31 December 2025, the Health, Safety, Environment and Sustainable Development Committee comprised:

1. Armanbai Zhubayev – Chairman of the Committee since 2 June 2023.
2. Uzakbay Karabalin – member of the Committee since 8 May 2019.
3. Arman Argingazin — member of the Committee since 2 June 2023.

The Health, Safety, Environment and Sustainable Development Committee of the Board of Directors fulfils its mandate in the fields of industrial safety, occupational health, and environmental protection by carrying out preliminary review of strategic and programme documents and making recommendations to the Board of Directors.

The Committee regularly reviews Management Board reports on the state of industrial and environmental safety, analyses injury, accident, and environmental incident data, examines the causes of significant incidents, and assesses the adequacy of the corrective measures taken. Its findings and recommendations feed directly into Board decision‑making.

The Committee contributes to embedding ESG principles into KMG’s activities by carrying out preliminary reviews of strategic and programme documents, analysing risks, monitoring reporting, making recommendations to the Board of Directors, and overseeing the implementation of Board decisions in the areas of industrial safety, occupational health, environmental protection, and sustainable development.

As part of the approval process for KMG’s 2024 Sustainability Report, the ESG rating, and the progress on KMG’s ESG Risk Rating Improvement Action Plan, the Committee received detailed information on KMG’s standing in the MSCI ESG rating.

The review covered assessment results across environmental (E), social (S), and governance (G) performance, key indicator trends, and the factors that enabled the Company to retain its BBB rating. The status of the ESG Risk Rating Improvement Action Plan was also presented, encompassing measures relating to:

• reducing the carbon footprint and managing pollutant emissions;
• developing biodiversity and responsible water management practices;
• improving the occupational health and industrial safety system;
• strengthening corporate governance, business ethics, and disclosure transparency.

Particular attention was given to KMG’s contribution to the UN Sustainable Development Goals, highlighting the Company’s systemic approach to sustainability: embedding ESG principles into its development strategy, aligning corporate initiatives with the UN SDGs, and ensuring coherence with Kazakhstan’s national social and economic development priorities.

The materials presented confirm the Company’s ongoing efforts to advance sustainable governance and improve the quality of corporate responsibility over the long term.

The Health, Safety, Environment and Sustainable Development Committee regularly received reports on occupational health and environmental protection, ensuring that members remained current on key performance indicators and the preventive measures being taken to prevent incidents across KMG Group.

The matters brought before the Committee are of genuine importance to the Company, helping to sharpen focus on critical sustainability, industrial safety and environmental issues, and to address related challenges.