Respect for Human Rights

The Bank complies with the Constitution and laws of the Republic of Kazakhstan, international regulations and standards for the protection of human rights as set out in the United Nations Universal Declaration of Human Rights of 10 December 1948, the United Nations Global Compact, the International Labor Organization’s Declaration on Fundamental Principles and Rights at Work, the United Nations Guiding Principles on Business and Human Rights, the International Finance Corporation International Financial Institution Guiding Principles on Human Rights, the European Bank for Reconstruction and Development International Financial Institution Guiding Principles on Human Rights, and the Asian Development Bank International Financial Institution Guiding Principles on Human Rights.

Otbasy Bank has developed a Regulation on Equal Rights, Labor Protection, Freedom of Association, which defines the basic minimum requirements for identifying, preventing and monitoring potential human rights violations. Compliance with the principles of this Regulation is mandatory for all employees/officers of the Bank.

The Bank’s basic approach is that all human beings are free and equal in dignity and rights, irrespective of sex, language, age, religion, ethnicity, race, social origin, property or other status and characteristics.

Guaranteeing socio-cultural diversity, equal opportunities and inclusiveness for the Bank’s employees is an important factor in ensuring the Bank’s long-term competitiveness and performance.

The Bank recognizes the risks of adverse human rights impacts as well as the risks of conflict in all aspects of the Bank’s operations, accepts responsibility for respecting human rights and takes measures to protect them, and prevents facilitating and benefiting from any form of human rights abuse.

The Bank is committed to providing the safest and most favorable working conditions for all employees/officers of the Bank and its counterparties, and complies with all applicable laws and internal health and safety requirements.

The Bank is committed to implementing the highest standards and procedures in terms of occupational health and safety to minimize health risks, and is also focused on protecting the health of citizens and the environment by implementing programs that comply with environmental standards for housing construction to minimize environmental impact, holding environmental events and activities to raise the level of environmental awareness of the Bank’s employees/officers.

The Bank does not tolerate the use of any form of forced and bonded labor, any form of slavery and human trafficking. The Bank pays attention to the observance of children’s rights and does not tolerate the use of child labor. The Bank complies with labor laws concerning working hours and employee rest time. In this way, we ensure the right of employees to a private life while maintaining a healthy work-life balance.

We are committed to continuously improving our corporate human rights practices through open dialogue with stakeholders, risk monitoring, and the adoption of best practices.

The Bank encourages its customers, suppliers, business partners, and other stakeholders to respect human rights and adhere to core principles of diversity and equal opportunity.