Kazatomprom.

Fair Pay & Worker Respect

As a large-scale mining and industrial operation, Kazatomprom is subject to standard labor regulations and workplace safety requirements, but its core business of uranium extraction does not inherently advance or harm fair pay and worker respect practices. Kazatomprom's joint venture KATCO (representing a significant operational segment) demonstrates high standards in worker respect and safety based on 2022 data. Regarding collective bargaining, 100% of the staff are covered by a collective agreement, placing the company at the highest tier for worker representation.

Safety performance is exceptional, with a reported Lost-Time Injury Frequency Rate (LTIFR) of 0.17 and zero fatalities in 2022, aligning with the highest safety tier. The company maintains a stable workforce with a voluntary turnover rate of 6.3%, reflecting deep employee loyalty. In terms of contract security, approximately 91% of the workforce is on permanent contracts (1,138 permanent vs. 108 temporary), which corresponds to roughly 10% in flexible or temporary roles. Health insurance coverage is comprehensive; the company pays compulsory social health insurance and maintains a private agreement with Mediker to insure permanent employees and up to two family members, effectively covering 100% of the permanent workforce and their dependents. Labor violations are minimal but present; the company recorded one ethics event related to a violation in the recruitment process in 2022, which is treated as a minor infraction addressed by the company's grievance and ethics mechanisms. While specific living wage benchmarks were not provided, the lowest salary is 1.6x the government-mandated minimum, and the average is 6.0x, indicating competitive remuneration above legal floors.

Fair Trade & Ethical Sourcing

As a primary extractor of uranium, the company is not a typical consumer of complex global supply chains for raw materials, but it remains subject to international standards regarding labor practices and community engagement in its mining operations. While it does not inherently violate fair trade principles, its operations require rigorous oversight to ensure no forced labor or exploitation occurs within its extraction and processing activities. Kazatomprom (KAP) and its major joint ventures (e.g., KATCO) demonstrate strong performance in local sourcing and ethical contracting, though audit frequencies for the broader supply chain follow standard industrial cycles rather than real-time monitoring. Regarding 'supplier_diversity_spend', KATCO (a KAP joint venture) reports that 80% of works and 85% of services are sourced from Kazakh vendors, with total local spending reaching KZT 70.53 billion.

This significantly exceeds the highest rubric threshold (40%) for procurement directed toward local community suppliers, justifying a tier of 100. For 'ethical_clause_coverage', evidence indicates that anti-bribery and ethical provisions are included in all contract templates (100%), and the Group's Code of Conduct applies to all business partners and contractors. This aligns with the tier 60 requirement for 100% coverage with clear ethical terms. In terms of 'forced_child_labour_incidents', the company maintains strict age-verification policies and reports zero incidents of forced or child labor. While the company has strong monitoring systems, the evidence does not yet support the multi-decade or global leadership claims required for the highest tiers, placing it at tier 10. Finally, 'audit_frequency' is scored at -70. While Yellow Cake plc (a primary partner) conducts annual ESG assessments of Kazatomprom, KATCO's specific CSR audits occur on-site once every two years. Per the rubric, biannual (every two years) audits for Tier 1 suppliers correspond to tier -70.

Honest & Fair Business

As a state-owned enterprise in the highly regulated nuclear sector, the company's core business does not inherently advance or harm honest business practices, which are instead determined by its specific governance, transparency, and regulatory compliance record. Kazatomprom (KAP.LSE) is the world's leading uranium producer, with 75% of its shares held by the state-owned Samruk-Kazyna and the remainder listed on the London and Astana stock exchanges.

Regarding 'Honest & Fair Business' values, the evidence from the WTO Trade Policy Review (2024) indicates the following: 1. **Regulatory Fines**: There is no mention of ethics-related regulatory fines or financial restatements for Kazatomprom in the provided evidence. As a major listed entity on the LSE, it operates under significant regulatory scrutiny. In the absence of reported fines in the comprehensive WTO review of Kazakhstan's trade and state enterprises, a tier of 10 is assigned for a clean three-year record. 2. **Anti-Corruption Policy**: The company operates within a national framework that ratified the UN Convention against Corruption and is currently implementing the 'Anti-Corruption Policy Concept for 2022-26'. As a 'national operator' and a listed company, it is subject to these auditable compliance programs, justifying a tier of 10. 3. **Whistleblower Policy**: While the company follows national digitalization and ESG investment concepts, the IMF has specifically highlighted that Kazakhstan lacks a 'strong whistleblower protection system'. Because the evidence points to national-level gaps in protection and autonomy for anti-corruption agencies, and no company-specific independent investigation process is documented in the text, the whistleblower policy is tiered at -70, reflecting a lack of evidence for independent investigation processes despite the existence of general anti-corruption frameworks.

No War, No Weapons

While uranium is primarily used for civilian energy, it is a dual-use material that serves as the essential feedstock for nuclear weapons programs, creating an inherent link to the global nuclear arms proliferation risk. Kazatomprom (KAP.LSE) is the world's largest producer of natural uranium, and its operations are strictly focused on the front-end of the civilian nuclear fuel cycle.

Regarding 'revenue_arms_contracts', evidence indicates the company's core business is the production of uranium for peaceful nuclear energy. There is no evidence of revenue from arms or defense contracts; rather, the company is actively involved in non-proliferation efforts, such as converting Highly Enriched Uranium (HEU) to Low Enriched Uranium (LEU) to prevent weapons-grade material production. For 'dual_use_technology', Kazatomprom is the national operator for the import and export of dual-use materials. Evidence shows these activities are strictly regulated by the Kazakhstan Committee on Atomic Energy and the IAEA to prevent proliferation. The company contractually bars military applications through its participation in the Nuclear Suppliers Group and the Zangger Committee. In terms of 'sales_embargoed_regimes', the company adheres to international sanctions; for instance, a 2017 contract to supply uranium to Iran was explicitly made subject to UN Security Council approval. In terms of 'zero_exposure_controversial_weapons', the company’s history is defined by the elimination of nuclear weapons infrastructure, such as the decommissioning of the BN-350 reactor and the closure of the Semipalatinsk test site. Finally, 'board_oversight_defense' is scored at 10 because the company’s mandate, established by government decree, is restricted to the civilian nuclear fuel cycle and non-proliferation compliance, with oversight provided by the Committee on Atomic Energy and international bodies like the IAEA.

Planet-Friendly Business

As a primary supplier of uranium for nuclear power, the company provides a low-carbon energy source that is critical for global decarbonization efforts, though its mining operations inherently involve significant environmental footprint and ecological risks. Kazatomprom (KAP.LSE) is scored based on reported emissions, decarbonization targets, and environmental compliance records from the provided articles. - **Scope 1, 2, 3 Emissions**: In 2021, the company reported total Scope 1 and 2 emissions of 949.4 thousand tons (0.949 M tCO2e).

While 2022 performance showed emissions remained flat compared to 2021, the reported total falls within the 0.8–1 M tCO2e range. It is tiered at -20 as it reports these figures but lacks the sustained >7% annual decline required for higher tiers. - **Net Zero Target Year**: The company approved a decarbonization strategy in October 2022 with a Net Zero target year of 2060. According to the rubric, a target year later than 2050 without aggressive interim milestones (the company targets only a 10-15% reduction by 2030) results in a tier of -90. - **Annual Environmental Compliance Violations**: Evidence from a 2024 report indicates that Kazatomprom's subsidiary, Ulba Metallurgical Plant JSC, committed multiple environmental violations between late 2022 and 2023. These included exceeding pollutant discharge standards and failing to maintain proper environmental monitoring records. The company was issued at least two fines, including one for over 7 million tenge. These 2-4 minor-to-moderate violations result in a tier of -80.

Respect for Cultures & Communities

As a large-scale uranium mining company, Kazatomprom's operations involve significant land use and potential water contamination risks in regions where indigenous or local communities may reside, necessitating rigorous FPIC and environmental stewardship to avoid community harm. Kazatomprom (through its subsidiary KATCO) demonstrates strong performance in local economic engagement and transparency. Regarding 'local_employment_and_procurement', the company reports that 99% of its workforce is recruited from within Kazakhstan, with 76% specifically from the Turkistan region (50% from the Sozak District). #8

Local procurement is also high, meeting obligations with 80% of works and 85% of services sourced locally, and 150 contracts signed with regional suppliers in 2022. This warrants a tier of 70. For 'revenue_sharing_verified', the company is a member of the Extractive Industries Transparency Initiative (EITI), which involves independent yearly audits of payments to the government. #7 It documented KZT 3.6 billion in cumulative social spending (2009–2022), with specific 2022 disbursements for health (KZT 886M), education, and infrastructure (e.g., a KZT 1.48B ambulance station). #9 These independently verified structures merit a tier of 40. In 'community_grievance_resolution', a formal mechanism was established in 2021. #9 In 2022, 10 reports were received, with one registered and resolved as a formal grievance. #5 This active resolution with documented outcomes warrants a tier of 10. Several KPIs (indigenous_fpic_violations, community_displacement_incidents, water_rights_conflicts, and cultural_heritage_destruction) are tiered at 0. The company operates on brownfield industrial sites with no local population in the immediate vicinity and states it does not interact with indigenous communities as defined by ICMM. No incidents of displacement, water conflict, or heritage destruction were reported or documented by external observers in the provided evidence.

Zero Waste & Sustainable Products

While uranium mining involves significant environmental management and tailings, the core business of mineral extraction does not inherently align with or violate the principles of circular economy, waste reduction, or cradle-to-cradle product design. Kazatomprom demonstrates a structured approach to waste management, particularly regarding its primary output of radioactive materials. The company implemented a "Radioactive Waste Management Program"

and a "Sustainable Development Program" for 2023–2030, which include specific environmental goals and targets. A key operational strength is the use of In Situ Recovery (ISR) mining, a closed-circuit process that avoids the generation of traditional tailings and waste rock, significantly minimizing hazardous waste compared to conventional mining methods. At the subsidiary level, KATCO reported diverting all conventional waste from landfills in 2021 through recycling, composting (donating food waste for cattle), and incineration. KATCO has also set a target to reduce non-recyclable conventional waste by 25% by 2030. Company-wide, waste inventories are conducted with data summarized quarterly and annually, ensuring regular monitoring of waste streams. Regarding circularity, the company is developing geothermal heating solutions to repurpose heat from uranium extraction. Supplier management includes verifying licenses for safe waste handling and requiring adherence to health, safety, and environmental "golden rules" during procurement. While the company maintains high compliance standards, one environmental ethics event was noted in 2022, and the nature of uranium mining necessitates the long-term disposal of significant volumes of solid and liquid radioactive waste (approximately 25.7 thousand and 129.8 thousand tonnes respectively in 2024).