We Believe in a Sustainable Future!
ERG continues to actively develop, focusing on the best global practices and technologies to not only support but also improve the climate situation on the planet. Each of our contributions is vital for creating an environmentally sustainable future. In 2023, ERG Kazakhstan approved the Climate Impact Management and Adaptation Policy.
Key Policy Principles:
Enhancing resilience to climate change
Reducing the carbon footprint throughout the life cycle of our products
Incorporating climate aspects into strategy and decision-making processes
Increasing transparency in climate reporting
Accelerating the transition to a low-emission economy through partnerships and stakeholder engagement
Decarbonization Strategy
In 2024, we approved and published the Decarbonization Strategy, which includes several initiatives aimed at reducing emissions and supporting sustainable development.
ERG Kazakhstan Greenhouse Gas Emissions
In 2023, emissions of Eurasian Resources Group (ERG) in Kazakhstan amounted to 29.2 million tons of CO₂e. These figures cover both direct and indirect emissions across our divisions.
GHG Emissions (tCO₂-e) |
2020 |
2021 |
2022 |
2023 |
|
|---|---|---|---|---|---|
| Direct | 29710040 | 30268233 | 29930686 | 29050738 | |
| Indirect | 115602 | 125590 | 53508 | 107023 | |
- These are emissions that occur directly from the activities of our enterprises.
- These emissions are related to production processes and supply chains.
Strategy Highlights
Ambitious Climate Goals:
Our main scenario involves maintaining ambitious climate policies globally and developing carbon regulation in Kazakhstan. We aim to reduce the carbon footprint of ferrochrome, aluminum, and iron ore pellets by 30% by 2035, and to achieve “net-zero” greenhouse gas emissions by 2050.
Investments in Technology:
We believe that technological development will reduce capital expenditure (CAPEX) in decarbonization projects, making it possible to implement them at our industrial sites. The Group’s portfolio includes over 100 decarbonization projects at various stages, with a significant portion of our investments focused on reducing carbon intensity.
Integration of Climate Aspects:
Climate aspects are integrated into the ERG Kazakhstan management system. We use an internal price on greenhouse gases to avoid investing in climate-negative projects, which helps ensure sustainable development.
Fair Energy Transition:
We place great importance on a fair energy transition for all stakeholders, including over 60,000 employees. Decisions on the pace of decarbonization take into account regulatory policies and the growing demand for low-carbon products.
ERG Kazakhstan’s Decarbonization and Initiatives
We focus on the following key areas:
Projects that increase ERG Group’s long-term value will be implemented. ERG is ready for both technological and financial partnerships.
- Increasing the share of RES in our energy mix.
- Using biomass to enhance carbon capture.
- Transition to renewable sources for heating.
- Implementing innovative solutions to reduce carbon footprint.
- Developing carbon capture and storage projects.
- Creating technologies for carbon-free energy production.
ERG is open to partnerships in technology and financing, which will allow us to more effectively implement our plans. We are confident that joint efforts with other market players and scientific institutions will accelerate the achievement of the set goals.