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The Damu Foundation strives to improve the environmental impact of ongoing and planned activities. At the same time, taking into account the specifics of its activities, the Fund does not have a direct significant impact on the environment. The main resources consumed by the Foundation are electricity, heat and water. The Damu Fund takes measures to reduce the environmental impact of operating activities, develops “green” products, raises awareness of supported entrepreneurs, trains its own specialists in accordance with the approved documents of the Fund in the field of sustainable development, and also conducts training seminars on the topic of ecology and impact on her.
Since 2021, the Fund has had an Environmental and Social Policy. The objectives of the Environmental and Social Policy of the Fund are:
The Fund actively participates in national and international initiatives in the field of sustainable development aimed at facilitating the country's accelerated transition to a green economy. In this regard, since 2017, the Foundation has been collaborating with the UN Development Program in Kazakhstan, within the framework of which there has been a positive result, tools have been developed and implemented to support and develop projects for the Energy Efficiency of Urban Infrastructure and the reduction of CO2 emissions, as well as reducing the risks of investing in renewable energy sources .
The Damu Fund, together with UNDP and the Astana International Financial Center, made a significant contribution to the development of the basic legislative and regulatory framework for the development of the green finance market. In December 2021, the Environmental Code introduced a taxonomy of green projects to be financed through green bonds and loans, which provided a legislative definition of green projects and green financing.
The Damu Fund's piloting of the first green instruments for UNDP programs gave a positive impetus to the creation and development of the sustainable finance market in Kazakhstan
Environmental and social policy Damu Entrepreneurship Development Fund JSC
Reports on the provision of sponsorship and charitable assistance
Damu Entrepreneurship Development Fund JSC report on the debut issue of social bonds for 2022
Damu Entrepreneurship Development Fund JSC report on the debut issue of social bonds
The Fund's policy in the field of social bonds (Social Bond Framework)
Guided by the principles of responsible consumption, the Foundation sets a goal to reduce electricity consumption for domestic needs, using environmentally friendly, energy- and material-saving technologies. Thus, the actual reduction in electricity consumption in 2022 was 12% compared to 2021.
Due to the digitalization of business processes and the transition to electronic forms, the consumption of office paper has significantly decreased.
The removal of non-hazardous waste is carried out at the Fund on the basis of a Service Purchase Agreement, which is concluded on an annual basis with service providers.
In order to increase the environmental focus of the Fund's partners, changes were approved to standard agreements with the Fund's partners, taking into account the implementation of the principles of sustainable development, which are communicated to all the Fund's partners.
| Indicators | 2020 y. | 2021 y. | 2022 y. |
|---|---|---|---|
| СReduced level of energy resource consumption by the Fund compared to previous years, % | The Fund’s electricity consumption in 2020 compared to 2019 decreased by 15.4% | The Fund's electricity consumption in 2021 increased by 12.5% compared to 2020 * | The actual reduction in electricity consumption in 2022 was 12% compared to 2021 |
| Volume of water consumption, cubic meters. | 4 179 cubic meters | 4 293 cubic meters | 3 392 cubic meters |
Since 2017, the Damu Foundation, together with the Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan and UNDP, with financial support from the Global Environment Facility (GEF), has been working on the project: “Sustainable Cities for Low-Carbon Development”, within the framework of which an agreement was signed in the amount of 3 million US dollars. The goal of the project is to support and develop the energy efficiency of urban infrastructure and reduce carbon dioxide emissions by subsidizing the interest rate and part of the principal debt on SME loans.
In 2020, the Damu Fund and UNDP entered into an agreement to implement the project “Reducing the risks of investing in renewable energy sources” (RES), worth $2 million. The goal is to support and develop renewable energy projects by subsidizing the interest rate and part of the principal debt on SME loans.
In 2022, the Damu Fund and UNDP entered into an agreement to implement the project “Creating conditions for attracting investors in energy efficiency in Kazakhstan” in the amount of 1.2 billion tenge. The goal is to support and develop projects by issuing financial guarantees in the amount of up to 85% of the loan amount for SMEs implementing projects in the field of RES and EE.
Over the 6 years of cooperation between the Fund and UNDP, the most important joint achievement is the promotion of projects aimed at energy efficiency and the use of renewable energy sources, the popularization of such tools among private businesses, and the development of the small-scale renewable energy sector. World experience shows that the use of renewable energy sources by private households is profitable and promising. And in recent years, thanks to the joint promotion of the Fund and UNDP of these programs, many entrepreneurs and individuals began to purposefully use equipment that generates solar energy in their activities and for their private needs, in particular in the southern regions.
Green projects are supported by the Foundation within the framework of all implemented instruments and programs, both state and own. To date, the Fund has supported 141 green projects with a total loan amount of more than 150.4 billion tenge.
In 2020, the Fund made its debut placement of “green” bonds on the Astana International Financial Center (AIX) stock exchange, with the support of UNDP as part of the project “Reducing the risks of investing in renewable energy sources” for 200 million tenge. The issue was carried out in accordance with the principles of the International Capital Market Association (ICMA). For which, in April 2021, the Fund was awarded the prestigious award of the international organization Climate Bonds Initiative in the “Green Market Pioneer” category, and was also recognized as one of the leading organizations in the world that promoted “green” finance to the market. Funds from the issue of “green” bonds were used to support a project for the construction of a solar power station in the Turkestan region.