ESG AND ITS IMPACT ON THE DEVELOPMENT STRATEGY OF OIL AND GAS COMPANIES OF KAZAKHSTAN

The article is devoted to the study of the role of ESG (environmental, social and governance responsibility) in the strategic development of the oil and gas industry in Kazakhstan. In the context of a global transition to sustainable development and increased attention to climate policy issues, oil and gas companies in Kazakhstan are faced with the need to adapt their strategies to meet modern environmental and social standards [1]. The article discusses in detail environmental aspects (E), such as reducing carbon dioxide emissions, introducing green technologies and measures to minimize negative impacts on the environment. Social aspects (S) cover interaction with local communities, job creation, improvement of working conditions and infrastructure development in the regions where companies operate. Governance (G) is concerned with increasing transparency, accountability and improving corporate governance to enhance investor and international confidence. Special attention is paid to the benefits that the oil and gas industry of Kazakhstan receives when implementing ESG standards, including improving the image of companies, reducing operational risks and attracting responsible investments. At the same time, the challenges companies face are analyzed, including the need for significant investment in technological innovation and management process reforms. The article emphasizes that ESG not only contributes to the sustainable development and competitiveness of Kazakh oil and gas companies, but also opens up new opportunities for international partnerships and increasing investment attractiveness. The prospects for further implementation of ESG standards in the industry are considered in the context of increasing government support and international obligations of Kazakhstan on sustainable development.