KMG became a part of the Initiative for Environmental Protection of the Caspian Region

On September 14, 2020, a Memorandum of Understanding was signed in Baku between JSC NC KazMunayGas, the State Oil Company of the Republic of Azerbaijan, BP Exploration (Caspian Sea) Limited, Equinor Apsheron AS and TOTAL E&P Absheron B.V. The memorandum provides for the creation of an Initiative for the Protection of the Environment of the Caspian region (Caspian Environmental Protection Initiative — "CEPI"). The main objectives of the initiative are the creation of the first platform for environmental protection and joint research of international oil companies operating in the region. The activities of the participating companies will be aimed at active joint efforts to solve the problem of climate change, which poses threats to the environmental sustainability of the Caspian region, and to prevent emissions of greenhouse gases and harmful substances into the environment. In addition, cooperation within the framework of CEPI involves the research and support of best practices, standards and technologies in the field of environmental protection, the development and implementation of joint preventive measures to combat climate change, the organization of awareness-raising and propaganda campaigns, the involvement of stakeholders in the region and regulatory authorities to participate in environmental issues, etc. KazMunayGas pays great attention to such environmental aspects as climate, environmental protection, and biodiversity conservation. In our Development Strategy until 2028, we have identified sustainable development as one of our strategic goals. I am sure that this initiative will become an excellent platform for dialogue and consultations, as well as an important step in joint actions to achieve environmental objectives in the Caspian region," Alik Aidarbayev, Chairman of the Board of KMG, said. Participation in CEPI does not provide for specific responsibilities, specific tasks or time frames for the implementation of these activities. At the same time, other companies may also join CEPI. *More detailed information about KMG's activities in the field of environmental protection can be found in the KMG Sustainable Development Report (a report revealing the company's approach to sustainable development, social, economic and environmental responsibility), as well as in The Carbon Disclosure Project Climate and Water Questionnaires based on the results of 2019 (an independent organization that conducts a project of disclosure of information on environmental pollution).