Kazakhstan Stock Exchange Posted
The Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market, Kazakhstan Stock Exchange JSC and PwC Kazakhstan signed a Memorandum of Cooperation in order to promote the principles of sustainable financing.
The document was signed within the framework of the conference “Green Finance and the Debt Capital Market”. The memorandum was signed by the head of the financial regulator Madina Abylkassymova, the Chairman of the Management Board of Kazakhstan Stock Exchange JSC Alina Aldambergen and the managing director of PricewaterhouseCoopers Tax and Advisory LLP (PwC) Mike Ahern.
According to the memorandum, KASE will take measures to stimulate the issuance of sustainable development bonds (green, social and others) by Kazakhstani issuers.
“KASE will continue to work on the implementation of the principles of sustainable development in terms of the methodology for disclosing non-financial information, development of requirements for the listing of sustainable development bonds, will provide incentives for the payment of listing fees for issuers of sustainable development bonds,” said Alina Aldambergen, Chairman of the Management Board of Kazakhstan Stock Exchange JSC.
The exchange will also enhance training and advice on the implementation of ESG standards in order to attract funding, issue green bonds and disclose information while they are on the official list of KASE.